Star Union Dai-ichi Life Insurance
SMFG India Home Finance Co. Ltd. has tied up with Star Union Dai-ichi Life Insurance Company Limited (SUD Life) for the purpose of soliciting group insurance products to all interested customers.
The SUD Life Sampoorna Loan Suraksha Plus Plan (UIN: 142N084V02) is a Non- Linked Non- Participating Group Life Insurance Product.
SUD Life Sampoorna Loan Suraksha Plus Insurance Plan is a tailor- made insurance policy for members of financial institutions. In the event of the insured member(s) death, disability, or illness, it will safeguard their family from the responsibility of repaying the outstanding loan to the financial institution. This product is available to interested customers of SMFG Grihashakti.
Key Benefits:
- No lengthy underwriting procedure
- Simple to administer
Key F eatures of the Plan:
- A benefit plan that is designed to provide financial security in the event of death, disability, or critical illnesses
- Flexibility to choose plan options , with the choice of decreasing and level cover
- Flexibility to choose a loan cover term, with a maximum limit of 30 years*
- Just pay once with a single premium
- Coverage available on a s ingle- life basis
- Members can choose a coverage period shorter than the loan tenure
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
The IRDAI does not participate in selling insurance policies, announcing bonuses, investing premiums, or related activities. If you receive such calls, you are advised to report them to the police.
Disclaimer:
SMFG India Home Finance Co. Ltd. (SMHFC) acts as a Corporate Agent of SUD Life Insurance Company Limited, holding Corporate Agency License no. CA0948. The registered office is located at Commerzone IT Park, Tower B, 1st Floor No.111, Mount Poonamallee Road, Porur, Chennai, Tamil Nadu, Pincode 600 116. I nsurance is the subject matter of the solicitation. Purchasing insurance or any third-party products (TPP) is not a requirement for the application and disbursement of the loan. It shall be at the sole discretion of the customer to avail of any such insurance and/or any Third Party Products along with the loan.
Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.