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). is one of the leading private sector life insurance companies in India. ABSLI was incorporated on August 4, 2000, and commenced operations on January 17, 2001. ABSLI is 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 2017, total AUM of ABSLI stood at Rs. 357,314 million. (Source: Life Insurance Council). ABSLI recorded a gross premium income of Rs. 24,331 million in H1 FY 2017-18 and registering a y-o-y growth of 21% in First Year Premium and posted a net profit of Rs. 70 Crore. ABSLI has a nation-wide distribution presence through 433 branches, 6 bancassurance partners, 7 distribution channels, over 80,000 direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 8,000 employees and more than 16 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.
|About Sun Life Financial Inc, Canada
Founded in cCanada in 1865, Sun Life Financial has been a trusted name for generations – 152 years and counting. Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial and its partners have 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 December 31, 2016, the Sun Life Financial group of companies had total assets under management of $903 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.