ADITYA BIRLA SUNLIFE INSURANCE
Aditya Birla SunLife Insurance Company Limited (ABSLI), is a life insurance subsidiary of Aditya Birla Capital Ltd. ABSLI was incorporated on August 4th, 2000 and commenced operations on 17th January, 2001. Hence, 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.
The company details of Aditya Birla SunLife Insurance is as follows:
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Mr. Kamlesh Rao|
|Foreign Partner||Aditya Birla Group – 51% Sun life Financial Inc – 49%|
|Contact Details||Toll-free : 1800 270 7000 Mobile : +91 22 66917777 (Outside India) Website : www.lifeinsurance.adityabirlacapital.com Mail : email@example.com Whats App: +91 8828800040|
|Latest Claim Settlement Ratio||97.54 (FY 2019-20)|
|Gross Premium Income||16,896 million in Q1 FY 2020-21|
|Asset Under Management||44,746.6 crore as on June 30th 2020|
|Solvency Ratio||as on 31st MAR 2020|
|Vision & Mission||To be a leader and role model in a broad-based and integrated financial services business|
|Year of start||2001|
|IRDAI registration No||109|
|Corporate Office||Aditya Birla Sunlife Insurance Company Limited One India Bulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013.|
1) ABSLI Life Shield Plan
2) ABSLI Digi Shield Plan
3) ABSLI Secure Plus Plan
4) ABSLI Guaranteed Milestone Plan
5) ABSLI Vision Life Income Plan
6) ABSLI Wealth Aspire
7) ABSLI Child’s Future Assured Plan
|Awards & Recognitions||
1) ABSLI bagged the Best Fraud Intelligence company of the year award for its best-in-class fraud control practices.
2) ABSLI won the certificate of Excellence at The Sabre Awards 2018 – South Asia under the corporate Image category
3) ABSLI bagged silver at the Creative Abby awards at the Goafest 2018 under the Public Relations category
4) Excellence in in-house Technology innovation Legal team of the year at the India Economic & law Summit.
|Social Media Links||
Twitter : twitter.com/abclifein?s=09
Facebook : facebook.com/abclifeinsurance
Instagram : Instagram.com/abclifein
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.
Here, the performance as on 30th June 2020, total AUM of ABSLI stood at Rs. 447,466 million. ABSLI recorded a gross premium income of Rs. 16,896 million in Q1 FY2020-21 and also the company registering Y-O-Y growth of 34% in Gross Premium with individual business FYP at Rs. 3,275 million. Hence, ABSLI is currently ranked 7th in Individual business.
Hence, ABSLI has a nation-wide distribution presence through 397 branches, 8 bancassurance partners, 6 distribution channels, over 82,000 direct selling agents, other corporate agents and brokers and through its website. So, the company has over 13,000 employees and more than 17 lac active customers.
ADITYA BIRLA CAPITAL
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services business of the Aditya Birla Group. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions.
ABCL is a universal financial solutions group catering to diverse needs of its customer across their life stages. Powered by more than 21,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents / channel partners and several bank partners.
PERFORMANCE OF ABC
Compared to previous year, the performance of ABC as of march 31st,2020,was to manage and aggregate assets under management over Rs. 3000 billion, has a consolidated lending book of approx. Rs. 600 billion and an active customer base of 20 million through its subsidiaries and joint ventures.
Although, Aditya Birla Capital Limited is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe.
VISION OF ABC
Vision if ABC is “To be a leader role model in a broad-based and integrated financial services business. Aditya Birla Group is built on a strong foundation of stakeholder value creation.
With over seven decades of responsible business practices, their business had grown into global powerhouses in a wide range of sectors – metals, carbon black, telecom and cement. Today over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa and Asia.
SUN LIFE FINANCIAL INC
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients.
The company 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. Because of the company's reach in those countries, as of June 30th, 2020, Sun Life Financial had total assets under management of CAD 1,122 billion.
The purpose of Sun life is that they were committed to helping their clients achieve lifetime financial security and live healthier lives. Life is full of surprises. Some are exciting. Some are difficult. But, they’re always available to help their clients navigate life’s most important moments.
SERVICES OF SUN LIFE INC
The company have a network of Sun Life advisors, third-party partners and other distributors. Through them, the company is also helping their clients free to live their lives their own way, from their current position through retirement. They are working hard to support their wellness and health management goals too. That way, the company can enjoy what matters most to them. And that’s nothing from running a marathon to helping their grandchildren learn to ride a bike.
In this Covid-19 pandemic, Hence, Aditya Birla Sunlife Insurance company assured to their clients for providing the claims settled related to Covid-19 as per the guidelines by the Indian government. The company’s digital enablement and the right set of products have paved the growth path for them. The company’s digital platform helps their customer to avail all services and also to buy a new insurance.
Reference : ADITYA BIRLA SUNLIFE INSURANCE
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