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Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) is a joint venture between the country’s two leading public sector banks - Bank of India (BOI) and Union Bank of India, and Japan’s renowned life Insurance company - Dai-ichi Mutual Life Insurance Company. The company possesses strong brand equity along with a high level of customer trust among the people at large. Bank of India holds the controlling share of 48%, while Union Bank of India and Dai-ichi Mutual own 26% each respectively. With the leading banks having an audacious network across the country, Bank of India and Union Bank provide distribution outlets with a wide reach for the strong banking customer base. The latest Claim Settlement Ratio (CSR) of Star Union Dai-ichi Life for FY 2018-19 is 96.74%.
Mr. Girish Kulkarni
MD & CEO 
Mr. Hitoshi Yamaguchi
Dy. CEO & Chief Financial Officer 
Mr. Abhay Tewari
Appointed Actuary 
Friday, Oct 21, 2016 10:00 AM
Japanese financial services major Dai-ichi Life Insurance has evinced interest in buying some stake in Union KBC Asset Management and is in preliminary talks with the fund house's current majority shareholder Union Bank of India.
Friday, Sep 30, 2016 10:00 AM
When the insurance regulator wanted banks to sell insurance policies of more than one company, banks did not want to since many of them had their own insurance joint ventures or exclusive sweet-heart deals with an insurer. Now, many of them are queueing up to sell policies of even competitors as it is a way to earn higher fee income.
Tuesday, Sep 27, 2016 10:00 AM
State-owned Bank of India (BOI) has sold 18% stake in the insurance joint venture Star Union Dai-ichi Life Insurance Company Ltd (SUD) to its Japanese partner.
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