Aditya Birla Sun Life Insurance Company: A one of the best insurance company in India
Hey readers, this topic is very fascinating because in this article we’re going to talk about one of the best insurance company in insurance market. The Name of this company is ABSLI.
(Aditya Birla Sun Life Insurance Company)
Topics which are discuss in this article.
2. Income status
3. Network Area
Aditya Birla Sun Life Insurance Company is an undertaking company of Birla Sun Life Assets Management Company. This company is a joint venture company of Aditya Birla Group of India and Sun Life Insurance group from Canada. This company was established on 4th August, 2000.
On 17th january, 2001 this company is start doing commenced operations.
ABSLIC is said to be One of the leading life insurance company of India. This company provides lots of insurance schemes to it’s customer’s. The category of insurance policy provided by ABSLIC to it’s customers.
At current time this company cross more then 2 millions of policy holders.
The percentage share of Aditya Birla Group in this company is 51% and 49% are owned by Sun Life Finance group.
2. Income status
If we talk about Income of this company let me clarify you that according to the recent reports Birla Sun Life Insurance Company Generate the total AUM of $ 410,110 million. This can be more in upcoming years. This company also generate annual income from premiums is about $ 12,617 million. This income is massive income as a insurance company. It will also increase in the upcoming years.
3 . Life insurance categories
This company provides various kinds of policies to it’s customers. This company has various categories of insurance company.
The categories of life insurance are listed below.
1. Life term solutions = In this category company provides whole life insurance policies to it’s customer’s.
2. Saving with protection = In this category company offers accidental coverage or disease coverage to the policy holder.
3. Children future solution = In this category of Insurance policy company offers insurance policies related to Children future coverage.
4. Pension solution plan = On this category company offers to their customer a pension plan after an suggested age.
5. Whole life term plan = This plan refers to a plan which gives a whole life cover plan to the policy holder. The return of this plan on the maturity is very high. This will give a huge benefit to the policy holder.
4. Network area of ABSLIC
It contains a large area or we can say networking area. In the current stage ABSLIC has their network in over 500 cities and 560 branches 85,000 advisors with 140 partner’s. The network area of this company is great but there are some other companies who have more area then ABLIC.
So, here are all the information about Aditya Birla Sun Life Insurance Company (ABSLIC). This company is an leading company in their field and gave a tight competetion to it’s competetors.
Hope you like.