Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a part of Aditya Birla Capital Ltd (ABCL). ABSLI was incorporated on August 4, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.
ABSLI offers 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 June 2022, total AUM of ABSLI Stood at around Rs.606,604 million. ABSLI recorded a gross premium income of Rs.26,197 million in Q1 FY 2022-23 and registering a y-o-y growth of 49% in Gross Premium with Individual Business FYP at Rs.4090 Mn. ABSLI has a nation-wide distribution presence through 340+ branches, 8 bancassurance partners, over 49,000 direct selling agents, other Corporate Agents, and Brokers and through its website. The company has over 19,500 employees and more than 16 lakh active customers.
ABCL is the holding company for the financial services businesses of 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 customers across their life stages. Powered by more than 33,500 employees, the subsidiaries of ABCL have a nationwide reach with 1,094 branches and more than 2,00,000 agents, channel partners and several bank partners.
As of June 30th, 2022, ABCL manages aggregate assets under management over Rs.3,550 billion, has a consolidated lending book of approx. Rs.699 billion, and an active customer base of over 39 million, through its subsidiaries and joint ventures.
About Sun Life Financial Inc, Canada
Sun Life is a leading international financial services organisation providing asset management, wealth, insurance and health solutions to individual and institutional clients. Sun Life 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. As of March 31, 2022, Sun Life had total assets under management of $1.35 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
