Factuary

Star Union Dai-ichi Life Insurance Insurance Data

lifeIRDAI Reg. 142

Joint venture between Bank of India, Union Bank of India, and Dai-ichi Life Insurance of Japan.

HQ: Mumbai
Website ↗
IRDAI Disclosures ↗

Star Union Dai-ichi Life Insurance is a life insurance company licensed by IRDAI (registration number 142). Its solvency ratio of 2.30× as of Q4 FY24-25 exceeds the IRDAI mandatory minimum of 1.5×, ranking 7th among 25 life insurers. The company reported gross written premium of ₹8260 crore in FY24-25, ranking 11th by premium among 25 life insurers.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹8,260 croreFY24-25Statement-3

Solvency

solvency ratio2.30×Q4 FY24-25Statement-11

Persistency

61st month persistency by policy count28.8%FY24-25Handbook-Table-28
37th month persistency by policy count52.4%FY24-25Handbook-Table-28
13th month persistency by policy count69.3%FY24-25Handbook-Table-28
49th month persistency by policy count47.7%FY24-25Handbook-Table-28
25th month persistency by policy count55.4%FY24-25Handbook-Table-28

Financial Position

net worth₹1,847 croreFY24-25Handbook-Table-26

Distribution by Channel

Brokers premium₹24.62 croreFY24-25Handbook-Table-100
CSCs premium₹0.00 croreFY24-25Handbook-Table-100
Bank Channel premium₹1,618.86 croreFY24-25Handbook-Table-100
CSCs policies0FY24-25Handbook-Table-100
Direct policies1,822FY24-25Handbook-Table-100
Corp. Agents (Other) policies1,337FY24-25Handbook-Table-100
Online policies231FY24-25Handbook-Table-100
Web Agg. policies150FY24-25Handbook-Table-100
Referrals policies0FY24-25Handbook-Table-100
Online premium₹0.19 croreFY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100
Bank Channel policies1,68,119FY24-25Handbook-Table-100
Referrals premium₹0.00 croreFY24-25Handbook-Table-100
Web Agg. premium₹1.43 croreFY24-25Handbook-Table-100
MI Agents policies0FY24-25Handbook-Table-100
POS premium₹0.06 croreFY24-25Handbook-Table-100
Individual Agents premium₹22.01 croreFY24-25Handbook-Table-100
Direct premium₹15.76 croreFY24-25Handbook-Table-100
IMF policies306FY24-25Handbook-Table-100
IMF premium₹3.42 croreFY24-25Handbook-Table-100
Individual Agents policies2,841FY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
POS policies14FY24-25Handbook-Table-100
MI Agents premium₹0.00 croreFY24-25Handbook-Table-100
Corp. Agents (Other) premium₹7.88 croreFY24-25Handbook-Table-100
Brokers policies2,279FY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio6.4%FY24-25Handbook-Table-27

Other Claims

claims settled in 6 to 12 months0.0%FY24-25Handbook-Table-18
claims settled in 1 to 3 months0.8%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.0%FY24-25Handbook-Table-18
claims settled after 1 year0.0%FY24-25Handbook-Table-18
claims paid within 1 month99.2%FY24-25Handbook-Table-18

Other

Individual Agents premium₹0.00 croreFY24-25Handbook-Table-102
MI Agents schemes0FY24-25Handbook-Table-102
MI Agents lives0FY24-25Handbook-Table-102
Direct premium₹2,210.35 croreFY24-25Handbook-Table-102
Direct schemes62FY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
MI Agents premium₹0.00 croreFY24-25Handbook-Table-102
Direct lives87,817FY24-25Handbook-Table-102
Corp. Agents (Other) schemes2FY24-25Handbook-Table-102
Brokers premium₹21.73 croreFY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
Online premium₹0.00 croreFY24-25Handbook-Table-102
Individual Agents lives0FY24-25Handbook-Table-102
Brokers schemes14FY24-25Handbook-Table-102
Corp. Agents (Other) premium₹5.12 croreFY24-25Handbook-Table-102
IMF schemes0FY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
Individual Agents schemes0FY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
IMF lives0FY24-25Handbook-Table-102
Bank Channel lives37,54,231FY24-25Handbook-Table-102
Bank Channel premium₹365.07 croreFY24-25Handbook-Table-102
Bank Channel schemes17FY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
IMF premium₹0.00 croreFY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) lives4,200FY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Brokers lives4,74,008FY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
traditional plan commission paid₹460.60 croreFY24-25Handbook-Table-13
ULIP commission paid₹71.71 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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