Star Union Dai ichi:

Star Union Dai-ichi Life Insurance is a joint venture between Union Bank of India and Bank of India and Dai- ichi Mutual Life Insurance Company which is a leading company in the industry in Japan.

The company was registered in Maharashtra on the 25th of September, 2007. The Insurance Company deals with a capital stake of 51% by BOI, 26% by Dai-ichi Life and 23% by the Union Bank and has an authorized capital of Rupees 250 Crores.

Dai-ichi Life is considered as a leading organization in the Life Insurance Sector in Japan and has been one of the Top 10 Life Insurers in the world and the second largest Life Insurer in Japan. It has reasonable product knowledge, intelligent asset management skills, and strong operational competency to build a Life Insurance business.

The network of offices working towards the betterment of this company has been provided by Bank of India and Union Bank at their branches of more than 5400 offices across the nation. Regional Rural Banks subsidized by the two banks grant more than 1400 branches to initiate the life-insurance business in the rural sector.

The individual products provided by Star Union Dai-ichi Life Insurance include Dhan Suraksha ULIP Endowment Plan, Dhan Suraksha Premium and Prabhat Tara formulated according to different specifications.

Through Bachat Kavach the company provides coverage at an affordable price for groups with common interests. Group riders like Group Critical Illness and Group Accident Benefit Rider act as add on benefits and help in covering the costs or losses at a reasonable rate.

The Pension Plans include Immediate Annuity Plan and Dhruv Tara Unit Linked Pension Plan which helps citizens lead a better life after retirement. Star Union Dai-ichi Life Insurance’s traditional policy like Jeevan Safar Endowment Plan aims to share the risk free portion of people’s investment plans. The company aims at providing services they can be remembered for and as a guide for better investment policies.