Star Union Dai-ichi Life Insurance launches new critical illness plan – SUD
GREATER NOIDA LOKESH GOSWAMI
Provides financial protection against 40 critical illnesses
100% return of premium in case of no critical illness claim
Additional cover for Angioplasty
Lower premium for female lives
Offers guaranteed premium rates for the first five policy years
Plan available for 18-65 years of age for policy term of 10 years
Mumbai, March 3, 2016: SUD Life (Star Union Dai-ichi Life Insurance Co. Ltd.), a joint venture between Bank of
India, Union Bank of India and the Dai-ichi Life, Japan today announced the launch of its new critical illness plan –
SUD Life AAROGYAM.
The launch was announced by Mr. Girish Kulkarni, Managing Director and Chief Executive Officer, SUD Life, here
today.
SUD Life AAROGYAM is a non-linked non-participating health insurance plan that pays the sum assured chosen
as a lump sum amount in case the life insured is diagnosed with any of the listed 40 critical illnesses.
The new health plan guarantees a fixed rate of premium for first five policy years.
‘’SUD Life AAROGYAM is designed to protect your family from financial uncertainties emanating from the critical
illness. It provides lump sum benefit irrespective of actual medical cost. We are confident that our new critical
illness plan will help our customers be prepared to fight life’s surprises,’’ said Mr. Kulkarni.
Apart from providing cover against 40 critical illnesses, SUD Life AAROGYAM also provides an additional cover if
the life insured undergoes angioplasty.
It offers lower premium for female lives and discounted premium on high-sum assured.
The coverage offered by this plan ranges from INR 5 lakh to INR 50 lakh with 100% premium pay back (excluding
extra premium, if any) in case of no claims (except claim on Angioplasty) at the end of the policy term.
On diagnosis of the life insured with any of the 40 critical illnesses, Mr. Kulkarni explained, the sum assured
chosen is paid and the policy terminates immediately.
“Our objective behind providing lump sum benefit is to help the customers develop control over their health spends
and other life changes that they may need to make,” Mr. Kulkarni.
SUD Life AAROGYAM will be available across 10,000 Bank of India and Union Bank of India branches. It will also
be promoted through SUD Life Plan Designers and advisors across the country.
Note:
On diagnosis of the Life Insured with any of the 40 Critical Illness listed below, 100% of Sum Assured chosen is
paid and the policy terminates immediately.
S. No. Critical Illnesses S. No. Critical Illnesses
1 Apallic Syndrome 21 Surgery to Aorta
2 Benign Brain Tumor 22 Fulminant Viral Hepatitis
3 Blindness 23 Alzheimer’s Disease
4 Brain Surgery 24 Aplastic Anaemia
5 Cancer of Specified Severity 25 Cardiomyopathy
6 Chronic Lung Disease 26 Deafness
7 Coma of Specified Severity 27 Loss of Speech
8 End Stage Liver Disease 28 Medullary Cystic Kidney Disease
9 Open Chest CABG 29
10 First Heart Attack – of Specified
Severity 30 Multiple Sclerosis with Persisting Symptoms
11 Open Heart Replacement Or Repair
of Heart Valves 31 Muscular Dystrophy
12 Kidney Failure requiring Regular
Dialysis 32 Parkinson’s Disease
13 Loss of Independent Existence 33 Progressive Systemic Sclerosis
14 Loss of Limbs 34 Primary Pulmonary Hypertension
15 Encephalitis 35 SLE with Lupus Nephritis
16 Major Burns 36 Dissolution of the nerve roots of Brachial Plexus
17 Major Head Trauma 37 Bacterial Meningitis
18 Major Organ/ Bone Marrow
Transplant 38 Carotid Artery Surgery
19 Permanent Paralysis of Limbs 39 Chronic Recurrent Pancreatitis
20 Stroke resulting in Permanent
Symptoms 40 Ulcerative Colitis
Motor Neuron Disease with Permanent Symptoms
About SUD Life
Headquartered in Mumbai, SUD Life, with a paid-up share capital of INR 420 crore, is one of the country’s
youngest life insurance companies. It is promoted by two of India’s largest public sector banks – Bank of India and
Union Bank of India along with Dai-ichi Life of Japan. Bank of India holds a 48 percent stake in SUD Life, while
Union Bank of India and Dai-ichi Life hold a 26 percent stake each.
Our underlying philosophy of “We Mean Life”, makes us we believe that insurance is a feeling of complete
assurance, which can be attained only when we focus on every intricate detail. It’s investment of your life into a
proposal that makes things better for you, financially speaking.
Today SUD Life is present in across the country through over 10,000 Bank of India and Union bank branches. The
Company has declared its first maiden profit of INR 12.87 crore in FY 2014-15.
