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Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life), a joint venture between Bank of India, Union Bank of India and Dai-ichi Life of Japan, has launched new critical illness plan – SUD Life AAROGYAM.
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, said Girish Kulkarni, Managing Director and Chief Executive Officer, SUD Life.
‘’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,’’ Kulkarni said in a statement.
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, statement added.
Srivats.kr@thehindu.co.in.
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