Joint Venture – Star Union Dai-ichi Life Insurance Co. Ltd.
Union Bank of India is distributing Life Insurance products under corporate agency tie-up with Star Union Dia-ichi (SUD) Life Insurance Co. Ltd. which is the Joint Venture of Union Bank of India, Bank of India (two leading Public Sector Banks in India) & Dia-ichi Life Insurance Co. Japan (a leading Japanese Company in the Life Insurance market).
The Company has an authorized capital of Rs. 250.00 Crores. Bank of India has a capital stake of 48%, Union Bank of India has 26%, and Dai-ichi Life has the remaining 26%.
Star Union Dai-ichi Life, with the strength of the domestic partners in the Indian financial sector coupled with Dai-ichi Life’s strong domain expertise, is expected to be a strong player in the Indian Life Insurance market in a short time. The Company offers various products to serve all strata of society and cater to the needs of different Customer Groups