Aditya Birla Sun Life Insurance, an Aditya Birla Capital Company
Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a subsidiary of Aditya Birla Capital Ltd (ABCL). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., a leading international financial services organization in Canada.
Formerly known as Birla Sun Life Insurance Company Limited, ABSLI is one of India's leading life insurance companies offering a range of products across the customer's life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans ("ULIPs").
As of September 2018, total AUM of ABSLI stood at Rs. 379,043 million. ABSLI recorded a gross premium income of Rs. 18,060 million in Q2 FY 2018-19 and registering a y-o-y growth of 84% in Individual First Year Premium and posted a profit before tax of Rs 249 million (Source: IRDAI reported Financials). ABSLI has a nation-wide distribution presence through 425 branches, 9 bancassurance partners, 6 distribution channels, over 80,000 direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 9,500 employees and more than 14 lac active customers.
The Company offers a complete range of protection solutions to help secure your family's future and provide financial support for your child's education, wealth with protection solutions, health and wellness solutions, retirement solutions and savings with protection solutions to help you stay financially secure in the future with small disciplined savings at regular intervals. ABSLI puts people's need first and aims to protect what is dear to the customer, with assurance. While, Life Insurance cannot prevent risk, it can definitely compensate financial losses arising from risk.
Aditya Birla Capital Limited (ABCL), is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 16,500 employees, ABCL has a nationwide reach and more than 2,00,000 agents / channel partners.
|About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2018, Sun Life Financial had total assets under management of CAD 984 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.