Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) is a joint venture (JV) of Bank of India, Union Bank of India, and Dai-ichi Life, a leading life insurance company of Japan. They have commenced operations in 2009.
Bank of India and Union Bank are leading Indian public sector banks and have a robust nationwide network of more than 11000 branches that cater to more than 64 million customers. Bank of India and Union Bank have sponsored select Regional Rural Banks, which provide SUD Life access to more than 1950 branches that make life insurance products available in rural areas.
Dai-ichi Life is the second-largest life insurance company in Japan and is one of the top ten life insurers in the world. Dai-ichi Life was established in 1902 and is a recognized brand name across the globe. Dai-ichi Life is renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses globally.
SUD Life is committed to providing insurance products across various strata of society and geographies as per the needs of the customer. At SUD Life, the customer commands topmost priority.
The promoters of SUD Life have a long-term commitment towards their customers and stakeholders and have earned the trust of 64 million customers.
They have 23 Regional offices and 78 Branch offices across India.
Opportunities in the Insurance Business:
While there are 57 insurance companies, of which 24 are in the life insurance business and 33 are non-life insurers, the insurance penetration in India, at 3.42% is far below the global average of 6.2%.
Augmenting the coverage of insurance has immense implications for the nation. The Government is making numerous efforts to promote awareness about insurance and improve accessibility, especially to those in economically weaker sections of society and those in the hinterlands. At the same time, the insurance fraternity has also donned the mission to promote insurance as a concept before products, with several initiatives, including simpler and more customized.
|Total Available Shares:||Not Available|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ 50 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
|Shareholder||No. of Shares||% of Holding|
|Bank of India||750,000||28.96%|
|Union Bank of India||650,000||25.10%|
|Dai-ichi Life Holdings, Inc., Japan||1,189,641||45.94%|
Please find below the procedure for buying Star Union Dai-Ichi Life Insurance Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Star Union Dai-Ichi Life Insurance Unlisted Shares at UnlistedZone.
Lock-in period of Star Union Dai-Ichi Life Insurance Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Star Union Dai-Ichi Life Insurance Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Star Union Dai-Ichi Life Insurance Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
If you buy Star Union Dai-Ichi Life Insurance Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Star Union Dai-Ichi Life Insurance Unlisted Shares Instantly?
The Star Union Dai-Ichi Life Insurance Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Star Union Dai-Ichi Life Insurance Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Star Union Dai-Ichi Life Insurance Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Star Union Dai-Ichi Life Insurance Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Star Union Dai-Ichi Life Insurance Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.