Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2007 between two major Indian PSU banks - Bank of India and Union Bank of India - and Japan's Dai-ichi Life Holdings.
We have served over 15 million customers through more than 19,500 bank branches across India. Our network includes 1,950 rural bank branches, ensuring insurance reaches remote areas.
SUD Life focuses on creating insurance products that meet different customer needs across all segments of society. With our promoters' 100+ years of commitment and combined strengths, we aim to become a leading name in India's life insurance sector while delivering value to all stakeholders.
Founded in 1906, it has been government-owned since nationalisation in 1969. BOI has over 5,100+ branches in India spread over all states and union territories including specialized branches, as of 31.12.2024
One office in Mumbai in 1906. 50 dedicated professionals. ₹50 lakhs in capital
Expanding horizons across 22 countries, serving global banking needs
Consistently pioneering new banking services and systems, shaping the future of finance
Total Business Volume as of 31.12.2024
Total Assets under Management as of 2023
Banking Operations in India
www.bankofindia.co.in
3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Distribution Points across India
Assests Under Management
Claims Settled as per 31.03.2024
6,718 Cr Gross Premium Mar '24
*Indian Embedded Value 4,000 Cr (Mar'24)
Understanding people, advancing business
Together, we achieve more
Learning from every voice
Responsibility in every action