Star Union Dai-ichi Life Insurance
Star Union Dai-ichi life insurance is the partnership of Union Bank of India, Bank of India which are 2 major Indian public sector banks with Dai ichi Mutual Life Insurance Company which in the market of Life Insurance is the foremost Japanese company. It deals with business of life insurance in India. On 25 September 2007 it was registered with Registrar of Companies in Maharashtra. On 26 December 2008 the company got its license by Insurance Regulatory and Development Authority.
Star Union Dai-ichi Life Insurance has the initial capital of 250 crores Rs. in which 51% stake has Bank of India and Union Bank of India and Dai-ichi Life has 23% and 26% stake respectively. In insurance sector the company is the strong contender taking into the consideration its IT, investment, insurance and finance resources. An enterprise provides many plans to serve every section of society. It also provides the insurance to the weaker and the rural social sectors. Star Union Dai-ichi Life Insurance functions Union Bank of Indias 5400 offices which are spread all over the country and Bank of India.
The powerful network let the company to have the wide reach to the customers. The high level trust and strong brand equity of 2 public sector banks among the people at very large would have definitely add to business of life insurance of the company. Apart from this they sponsor also the Regional Rural Banks thus giving more chance to hit the business of life insurance in rural areas. Dai-ichi life is the top player in Life insurance sector in Japan. In World it is among the top 10 Life insurers and the 2nd biggest Life insurance Company of Japan.
Products and Services
Individual Plans
Pension Plans
Immediate Annuity
Investment Plans
Dhan Suraksha Premium ULIP
Dhan Suraksha ULIP
Prabhat Tara
Traditional Product
Jeevan Safar
Group Plans
Term Insurance
Bachat Kavach
Ashiana Suraksha
Registered Office
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
Phone: 022-39546300
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