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Our Partners

​​Star Union Dai-ichi Life Insurance Co. Ltd is a joint venture (JV) of Bank of India, Union Bank of India and Dai-ichi Life, a leading life Insurance company of Japan.

Bank of India

Bank of India was founded on 7th September, 1906 and was under private ownership and control till July 1969, when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, and a paid-up capital of Rs​​​​.50 lakh and 50 employees, today the Bank has a strong national presence and sizable international operations. In business volume, the Bank occupies premier position among nationalised banks.

The Bank has 5016 branches across India that are controlled through 54 Zonal Offices.

The Bank came out with its maiden public issue in 1997 and a follow-on Qualified Institutions Placement in February 2008. In 1989, it became the first nationalised bank to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch in Mumbai. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/rating its credit portfolio.

At present, the Bank has overseas presence in 22 foreign countries spread over 5 continents – with 60 offices including 5 Subsidiaries, 5 Representative Offices and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York.

Union Bank of India

Union Bank of India was founded on 11 November 1919 with its headquarters in Mumbai, being inaugurated by Mahatma Gandhi, in the  year 1921. The Bank now operates through over 4318 branches across the country and has shown a steady profit during all 96 years of its operations.

Union Bank has been playing a very proactive role in the economic growth of India and it extends credit for the requirements of different sectors of economy including industries, exports, trading, agriculture, infrastructure and the individual segments. Through this diversified portfolio, resources are mobilized through Current, Savings and Term Deposits and through refinance and borrowings from abroad. The Bank has a large clientele base of over 5.4 crores.

On technology front, 100% of the branches are computerized. It has also introduced Core Banking Solution with connectivity between branches. Many innovative products are developed using the technology platform to offer an array of choices to customers, adding speed and convenience to transactions.

Union Bank is backed by a dedicated  team  of  over 36,000 staff, who distinguish themselves with their customer centricity, willingness to learn and adherence to values enabling the bank to be recognized as a caring organization where people enjoy their work and relationship with customers.


Dai-ichi Life was founded in 1902 as Japan's first mutual life insurance company (“The Dai-ichi Mutual Life Insurance Company”). After Dai-ichi Life demutualized and was listed on the Tokyo Stock Exchange in 2010, it shifted to a holding company structure in 2016 (“Dai-ichi Life Holdings, Inc.”). Dai-ichi Life Group is one of the world’s largest life insurance group, with in force premiums of $48 billion and assets of $504 billion (as on March 31st, 2019, on a consolidated basis).

Dai-ichi Life Group has rich experience and competencies in the life insurance business, especially in areas such as product development, asset management and underwriting. “Dai-ichi" in the Japanese language means “First”, which is derived from its founding philosophy of “always putting the customer first”.

Dai-ichi Life Group is active in 8 countries in the international life insurance business (as at March 2019): India, Japan, United States of America, Australia, Vietnam, Cambodia, Indonesia and Thailand. Dai-ichi Life Group has opened its Asia Pacific regional head office in Singapore and North America regional head office in New York. Since its foundation in 1902, Dai-ichi Life has always placed the customer first. This philosophy continues to guide our Group as it moves forward.

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Registered with IRDAI as Life Insurance Company, Registration No. 142.

Registered Office : 11th Floor, Vishwaroop I.T . Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703.

Telephone No.: 022-71966200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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