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Star Union Dai-ichi Life Insurance
Star Union Dai-ichi Life Insurance was formed in 2009 as a joint venture. Promoter stakes stand at Bank of India 27.48 percent, Union Bank of India 25.10...
Star Union Dai-ichi Life Insurance
Star Union Dai-ichi Life Insurance was formed in 2009 as a joint venture. Promoter stakes stand at Bank of India 27.48 percent, Union Bank of India 25.10 percent and Dai-ichi Life Holdings 47.42 percent as of March 2025. Abhay Tewari holds the role of Managing Director and CEO. The insurer allocates 0.04 percent of assets to private equity. Confirmed equity holdings include Reliance Industries, HDFC Bank and ICICI Bank. Limited-partner positions exist in Physis Capital and Pixie Dust Technologies. All operations and the majority of holdings remain within India, with one technology exposure recorded in Japan. Assets total $3.2 billion. Two commercial offices operate in the Navi Mumbai area. SUD Life Foundation directs giving toward education initiatives inside India. In June 2023 the firm spoke at the Life Insurance Matters event hosted by CNBC TV18 on topics including digital transformation. Ownership rests with three corporate promoters rather than a single family, creating a multi-shareholder governance structure that requires coordinated reporting to IRDAI and the Life Insurance Council.
General information
Firm type
Insurance
Year founded
2009
Location
Region
Asia
Country
India
City
Navi Mumbai
Corporate office
11th Floor, Vishwaroop IT Park, Plot No. 34, 35 & 38 Sector 30A of IIP, Vashi, Navi Mumbai, Maharashtra 400703, India
Principals
Abhay Tewari
Managing Director and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Star Union Dai-ichi Life Insurance?
Abhay Tewari holds the position of Managing Director and CEO. Investment activity occurs under oversight from the three promoter shareholders and within IRDAI regulatory limits.
What is the ownership structure of Star Union Dai-ichi Life Insurance?
The firm is a joint venture. Bank of India holds 27.48 percent, Union Bank of India holds 25.10 percent and Dai-ichi Life Holdings holds 47.42 percent as of March 2025.
Does Star Union Dai-ichi Life Insurance participate in private equity?
Yes. Private equity represents 0.04 percent of assets. The firm holds limited-partner interests in Physis Capital and Pixie Dust Technologies.
Where does Star Union Dai-ichi Life Insurance invest geographically?
The portfolio is concentrated in India. Government securities and listed equities on NSE/BSE form the core. One venture exposure reaches Japan.
What philanthropic vehicles does Star Union Dai-ichi Life Insurance maintain?
SUD Life Foundation directs grants toward education, rural development and healthcare in India. Estimated annual giving totals $1.2 million.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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