The joint venture life insurance company promoted by Bank of India, Union Bank and Dai-Ichi Mutual Life Insurance – Star Union Dai-Ichi Life Insurance Company – will soon launch two unit linked plans, pension and child benefit plans.
The insurer is presently awaiting the approval from Insurance Regulatory and Development Authority (IRDA) for launching these products.
The company is planning to setup 20 regional offices across different states in for metros as a part of its expansion plan and hopes to attain Rs 45-50 crore as new business premium this current fiscal.