'We will make our venture profitable in five years'

Star Union Dai-ichi Life Insurance (SUD), the twenty-second life insurance company in the country floated by Bank of India, Union Bank of India and Japanese insurer, Dai-ichi, is targeting a premium of Rs 500 crore within one year of its operation and a break even in five years. Moreover, the company was working on huge recruitment drive for various posts. Besides, Dai-ichi was likely to add technology and efficiency to the joint venture. Speaking to FE, Katsutoshi Saito, president, Dai-ichi Mutual Life Insurance Company, which was holding a stake of 26% in SUD, said We are willing to increase our ...

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