Formation Year (2009) : Star Union Dai-ichi Life Insurance Co. Ltd. was formed on February 25, 2009, with the registration with the Registrar of Companies, Mumbai, India.
Joint Venture Partners:
• Bank of India : It is one of the largest public sector banks in India and a founding partner of the joint venture.
• Union Bank of India : Another prominent public sector bank in India, it is also a founding partner.
• Dai-ichi Life Holdings, Inc.: This is a leading life insurance company based in Japan. Dai-ichi Life Holdings, Inc. is a strategic partner providing technical expertise and international insurance practices to the joint venture.
Operations : Star Union Dai-ichi Life Insurance operates in the life insurance sector, offering various life insurance products and services to customers in India.
Product Portfolio : The Company provides a range of insurance products, including term plans, savings plans, retirement plans, child plans, and health-related insurance products.
Ownership Structure : Each of the joint venture partners holds a specific percentage of equity in the company. The ownership structure may have evolved since my last update, so it's advisable to check the latest information for the most accurate details.