Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a subsidiary of Aditya Birla Capital Ltd (ABCL). It is one of the leading private sector life insurance companies in India. ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 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 31st, 2018, total AUM of ABSLI stood at Rs. 389,548 million. ABSLI recorded a gross premium income of Rs. 18,599 million in Q3 FY 2018-19 and registering a y-o-y growth of 68% in Individual First Year Premium and 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 425 branches, 9 bancassurance partners, 6 distribution channels, over 83,000 direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 10,000 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 compensate financial losses arising from risk.
Aditya Birla Capital Limited (ABCL) is the financial services platform 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 17,000 employees, ABCL has a nationwide reach and more than 200,000 agents / channel partners.