Birla Sun Life Insurance Company Limited |
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Aditya Birla Group is India's second largest business house, with a turnover of over $4.75bn and an asset base of $3.8 bn. The Group is a well diversified conglomerate with 72,000 strong workforce spanning 40 Companies spread across 17 countries |
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The flagship companies of the Group - Grasim, Hindalco, Indian Rayon and Indo Gulf - hold leadership positions in their respective areas of business. | ||||
Sun Life Assurance |
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Sun Life Assurance Co. of Canada, established in 1871, is licensed in Canada, the U.S., the Philippines, Hong Kong, and the U.K. Its major lines of business are life insurance, annuities and mutual funds and investment services. Sun Life's rating reflects extremely strong diversification of revenues and profitability, outstanding capitalization, good fundamental earnings, and high-quality investments. In Canada, the company is especially strong in the corporate life and health insurance and savings markets. In the U.S., the company is a top 20 player in the variable annuity market and a significant force in the upscale individual insurance market. In the U.K., Sun Life is amongst the top 20 life and health insurers. | ||||
The Joint Venture |
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Birla Sun Life Insurance Company is a 74: 26 joint venture between Aditya Birla Group and Sun Life financial Services of Canada. As on 1st March 2003, the company has an equity capital of Rs. 180 crore. Birla Sun Life has Mr. Nani B Javeri as its CEO. | ||||
The company plans to focus on rural segment by leveraging the network of the Aditya Birla Centre for Community Initiative and Rural Development in rural areas. The company's distribution set up comprises insurance advisors for life and an expert marketing team for group products | ||||
Contact Address |
Pune - Branch Offices |
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Birla Sun Life Insurance Company Limited, |
Birla Sun Life Insurance
Co Ltd. |
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