Star Union Dai-Chi Life Insurance SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 26, 2020

SWOT analysis of Star Union Dai-Chi Life Insurance analyses the brand by its strengths, weaknesses, opportunities & threats. In Star Union Dai-Chi Life Insurance SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Star Union Dai-Chi Life Insurance to benchmark its business & performance as compared to the competitors. Star Union Dai-Chi Life Insurance is one of the leading brands in the banking & financial services sector.

The article below lists the Star Union Dai-Chi Life Insurance SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Star Union Dai-Chi Life Insurance SWOT Analysis:

SWOT Analysis of Star Union Dai-Chi Life Insurance

For Star Union Dai-Chi Life Insurance, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.

Star Union Dai-Chi Life Insurance Strengths

The strengths of Star Union Dai-Chi Life Insurance looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Star Union Dai-Chi Life Insurance :

1. Strong network across India
2.  Policies for rural and weaker social sectors
3.  International expertise of century old Dai-ichi group

4. More than 48 million strong banking customer base of the two banks
5. Regional Rural Banks sponsored by the two banks provide more than 1400 branches

Star Union Dai-Chi Life Insurance Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Star Union Dai-Chi Life Insurance SWOT Analysis:

1. Insurance companies have a poor image when it comes to payment of dues


Star Union Dai-Chi Life Insurance Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Star Union Dai-Chi Life Insurance SWOT Analysis:

1. Growing rural market
2.  Earning Urban Youth

3. Cross selling through financial services such as banking

Star Union Dai-Chi Life Insurance Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Star Union Dai-Chi Life Insurance are as mentioned:

1.  Stringent Economic measures by Government and RBI
2.  Entry of new NBFCs in the sector


Star Union Dai-Chi Life Insurance Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Star Union Dai-Chi Life Insurance:

1.  Bharti AXA

2.  Sahara Life Insurance

3.  Shriram  Life Insurance

Hence this concludes the Star Union Dai-Chi Life Insurance SWOT analysis.

Continue reading more about the brand/company.

About Star Union Dai-Chi Life Insurance

Star Union Dai-Chi Life Insurance Overview
Parent Company

Bank of India, Union Bank of India and Dai-ichi Mutual life insurance

Category

Insurance and finance

Sector

Banking & Financial Services

Tagline/ Slogan

Sunahre Kal Sruksha har pal

USP

Deep rooted network of BOI and Union Bank

Star Union Dai-Chi Life Insurance STP
Segmentation

Personal and Institutional Insurance

Target Market

Urban and Rural Investors

Positioning

Complete Insurance and financial solutions


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Browse marketing analysis of more brands and companies similar to Star Union Dai-Chi Life Insurance. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

Continue Reading:


The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way.
Edit the brand or add a new one to SWOT Analysis section : Contribute

Share this Page on:
Facebook ShareTweetShare on Linkedin