Press background on Aditya Birla Sun Life Insurance (ABSLI)
Company profile
About Aditya Birla Sun Life Insurance, an Aditya Birla Capital Company Aditya Birla Sun Life Insurance Company Limited (ABSLI), is a life insurance 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 December 2020, total AUM of ABSLI Stood at Rs. 5,06,782 million. ABSLI recorded a gross premium income of Rs. 65,821 million in 9M FY 2020-21 and registering a y-o-y growth of 24% in Gross Premium with Individual Business FYP at Rs 13,364 Mn. ABSLI is currently ranked 7th in Individual Business (Individual FYP adjusted for 10% single premium) (Source: IRDAI reported Financials). ABSLI has a nation-wide distribution presence through 360+ branches, 7 bancassurance partners, 6 distribution channels, over 85,000 direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 13,000 employees and more than 17 lac active customers.
Collaboration to offer life insurance solutions of Aditya Birla Sun Life Insurance through Bharat Co-operative Bank’s (Mumbai) 103 plus branches
Aims at combining synergies to enhance the reach of life insurance products
Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), announces reduction in the premium rates in ABSLI DigiShield Plan by up to 15% thereby making it one of the most competitive offering in the Term Insurance space. ... (more)
Aug 24, 2021 10:22 IST
Aditya Birla Sun Life Insurance (ABSLI)
Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), announced the launch of a hyper-flexible savings plan - ABSLI Vision LifeIncome Plus Plan that provides guaranteed regular income plus flexible bonus pay-outs.
