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Birla sun life insurance- Facts and Figures

Birla Sun Life Insurance

Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group(a well known Indian conglomerate) and Sun Life Financial Inc ( one of the leading international financial services organisations from Canada). BSLI has a customer base of over 20 Lakh policy holders. It has an extensive distribution reach in over 500 cities(560 branches), around 85,000 empanelled advisors and over 140 partnerships with corporate agents, brokers and banks. Birla Sun Life Insurance has total assets under management of Rs.26,813 Crores and a paid up capital of over Rs.2,170 Crores, as on 30th Jun, 2014. For more information, please visit www.birlasunlife.com
 
 

About Aditya Birla Financial Services Group (ABFSG)

Aditya Birla Financial Services Group (ABFSG) ranks among the top 5 fund managers in India (excluding LIC) with an AUM of USD 20.4 billion. The 7 companies representing ABFSG are: Birla Sun Life Insurance Company Ltd., Birla Sun Life Asset Management Company Ltd., Aditya Birla Finance Ltd., Aditya Birla Capital Advisors Pvt. Ltd., Aditya Birla Money Ltd., Aditya Birla Money Mart Ltd. and Aditya Birla Insurance Brokers Ltd. In FY 2013-14, ABFSG reported consolidated revenue from these businesses at Rs. 6,640 Crore (USD 1.1 billion) and earnings before tax at Rs. 745 Crore.
 

About Sun Life Financial

Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to 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 on March 31, 2015, the Sun Life Financial group of companies total assets under management was $813 billion. For more information please visit www.sunlife.com.

Facts and Figures About Birla Sun Life insurance

  
              STARTED YEAR22-Jun-05
PAID UP CAPITALRs 2170 Crores
INDIAN PARTNERThe Aditya Birla Group
FOREIGN PARTNERSun Life Financial Inc
MD/CEO NAMEMr. Pankaj Razdan
BANCASSURANCE PARTNERSKVB Bank
SOLVENCY RATIO 1.86 Times
NUMBER OF BRANCHES560HEAD OFFICEMumbai
TOTAL PREMIUM COLLECTED2011-122012-132013-14
1926.171836.511697.49
CLAIMS SETTLEMENT RATIO2011-122012-132013-14
90.94%82.55%87.76%
KEY PLANSCHILDBSLI Vision Star Plan
TERMBSLI Protector Plus Plan
PENSIONBSLI Empower Pension Plan
ULIPBSLI Wealth Max Plan
TOLL FREE NUMBER1800-270-7000
WEBSITE ADDRESSINDIAN PARTNERhttp://www.adityabirla.com/home
FOREIGN PARTNERhttp://www.sunlife.com/
COMPANY  WEBSITEhttp://insurance.birlasunlife.com/
 
  

Key Points:

  • The company has the highest paid up capital in the company with Rs 2170 as paid up capital
  • The Solvency Ratio of Birla sun life insurance has reduced by 30% when compared with the previous year
  • The premium income has declined by more than 10%
  • Claim settlement Ratio of Birla Sun life Insurance has also reduced in 2013-14 when compared with 2012-13

Disclaimer:

In the above table, we had updated the details from the IRDA Annual report 2013-14, 2012-13 and 2011-12. Some details are captured from www.insurance.birlasunlife.com. The accuracy of the above table content depends on these given sources. This information published is of informative nature and does not guarantee anything about the companies performance or claim records.

The main aim of this post is to simplify the details about Birla Sun Life insurance. All these information in this post can be seen in wwwinsurance.birlasunlife.com.com and IRDA website

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