About SUD Life Insurance
Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2009 between two major Indian PSU banks - Bank of India and Union Bank of India - and Japan's Dai-ichi Life International Holdings LLC.
We have served over 15.5 million customers through more than 23,000+ bank branches across India. Our network includes 4,562 rural bank branches (BOI & UBI), 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.
1.35+ Crore
Amongst the Fastest
23000+
Backed by
Our Promoters
Bank of India
Founded in 1906, it has been government-owned since nationalisation in 1969. BOI has over 5,500+ branches in India spread over all states and union territories including specialized branches, as of 31.3.2026
- The Genesis
One office in Mumbai in 1906. 50 dedicated professionals. ₹50 lakhs in capital
- Global Presence
Expanding horizons across 22 countries, serving global banking needs
- Innovation Leadership
Consistently pioneering new banking services and systems, shaping the future of finance
Total Business Volume as of 31.03.2026
Total Assets as of 31.03.2026
As of 31.03.2026
https://bankofindia.bank.in/
Union Bank of India
Union Bank of India (UBI) was established in 1919 in Mumbai, India. It was founded by a group of Indian entrepreneurs with the aim of providing banking services to the Indian populace
- Branch Network
Extensive presence with 8,650+ domestic branches serving communities across India
- Strength in Numbers
153+ Million Customers As of 31.12.2024
- Global Footprint
2007: Abu Dhabi (UAE) and Shanghai (China) | 2008: Hong Kong | 2009: Sydney (Australia)
As of 31.03.2026
Total Business Volume as of 30.06.2026
Business Correspondent Points
https://www.unionbankonline. bank.in/
Dai-ichi Life International Holdings LLC
Dai-ichi Life was founded on September 15, 1902, making it one of the oldest life insurance companies in Japan. It started as a mutual insurance company
- Market Position
Third-largest life insurer in Japan by revenue, with strategic investment in Tokyu Corporation as largest shareholder (6.35%)
- Global Presence
Strategic expansion through acquisitions of Protective Life (United States) and TAL (Australia)
- Industry Leadership
Combining Japanese market strength with global reach to deliver comprehensive insurance solutions worldwide
As of 31.03.2026
Domestic group companies' total in Japan
Total Assets Under Management as of 31.03.2026
https://www.daiichilife-group.com/en/
Our Vision and Mission
Why Choose SUD Life?
3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Distribution Points across India
Assests Under Management
Individual Claims Settlement Ratio as on 31.03.2026
Gross Premium till 31.03.2026
*Indian Embedded Value ₹4,932 crore (Mar'26)
ECHO
Understanding people, advancing business
Together, we achieve more
Learning from every voice
Responsibility in every action
Image Gallery
2025
2024
Our Partners
CSR Initiatives
Project Dharti is a comprehensive initiative aimed at transforming agricultural practices through innovative irrigation and allied activities. The project focusses on increasing groundwater levels, enhancing productivity, and promoting water conservation, leading to a significant shift from conventional to integrated farming methods.
Project Jeevandhara is driving significant advancements in educational outcomes and fostering a bigger future for the next generation through creating a conducive learning environment for rural school children. The primary focus lies on transforming government school into model institutions equipped with comprehensive amenities and facilitating IT based education for under privileged students.
Project Sanjeevani is committed to fostering healthier rural communities and ensuring essential healthcare services are within reach for all. This initiative aims to provide timely medical assistance to villagers, enhancing accessibility to neo-natal care for newborns and pregnant women.
Our Legacy of Awards and Impactful Campaigns
