Star Union Dai-ichi Life Insurance is a joint endeavor of Bank of India and Union Bank of India (two major Public Sector Banks in India) and Dai-ichi Mutual Life Insurance Company (foremost Japanese Company in the Life Insurance market). The company deals with the Life Insurance Business in India. Registered on September 25, 2007, with the Registrar of Companies in Maharashtra, the company gained its license on December 26, 2008, by the Insurance Regulatory and Development Authority (IRDA).
Star Union Dai-ichi Life Insurance Company has an initial capital of Rs. 250 crores, of which Bank of India has a 51% stake, Union Bank of India has 23% and Dai-ichi Life holds 26% stake. The company is expected to be a strong contender in the insurance sector, taking into consideration its insurance, IT, finance and investment resources. The enterprise offers various products to serve all sections of the society. It is also offers insurance to rural and weaker social sectors of the society. Star Union Dai-ichi Life Insurance operates through Bank of India and Union Bank's 5400 offices, spread across the length and breath of India.
The powerful network of offices allows the company a wider reach to its potential customers. The strong brand equity and high level of trust of the two public sector banks among people at large, would definitely add to the company's life insurance business. Besides, they also sponsor Regional Rural Banks thereby giving more scope to tap the life-insurance business in the rural areas. Dai-ichi Life, on the other hand, is a leading player in the Life Insurance Segment in Japan. It is one of the top ten Life Insurers in the world and the second largest Life Insurance Company in Japan.
Dhan Suraksha ULIP
Dhan Suraksha Premium ULIP
Accident Benefit Rider
Group Critical Illness
Group Accident Benefit Rider
Star Union Dai-ichi Life Insurance Company Limited,
11th Floor, Raghuleela Arcade,
IT park, Sector 30 A, Opp. Vashi Railway Station,
Vashi, Navi Mumbai - 400703