Birla Sun Life Insurance

Aim is to double individual first-year premiums in 3 years: ABSLI CEO

We were focused on strengthening our margins and our persistency figures over the past three years, said Kamlesh Rao, MD & CEO of Aditya Birla Sun Life

Sun Life goes big on GenAI and emerging tech to drive client excellence

Generative Artificial Intelligence (GenAI) provides huge opportunity in the financial services space, and as a leading global player Sun Life is actively engaged in developing such tools that are beneficial for both clients and employees, company's Chief Information and Technology Innovation Officer Laura Money said. With an Asset Under Management (AUM) of USD 1.3 trillion, nearly one-third of India's GDP, the Canada-based life insurer and asset manager is also engaged in GenAI tools for achieving greater efficiency in asset management. In India, Sun Life has established its footprint through its Global Capability Centre Sun Life Global Solutions (SLGS), its joint ventures with Aditya Birla Group--Aditya Birla Sun Life Insurance and Aditya Birla Sun Life Mutual Fund. We are experimenting with several GenAI projects and balancing this with risk management measures to ensure we safely explore AI-led innovation. We're testing ways in which GenAI can help augment the way our employees

Nippon Life-Birla Sun Life merger talks fail ahead of RCap deal deadline

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

SpiceJet faces liquidity crunch, plans to raise Rs 750 crore via QIP

The prolonged grounding of the Boeing 737 MAX aircraft has put pressure on the airline's cost control

How Birla Sun Life Insurance managed to buck a slowdown in the sector

By November 2018, the private life insurance sector's individual APE growth slowed down and in fact de-grew by 1% compared to around 15 per cent in the preceding three months

Aditya Birla Sun Life Top 100 Fund: Scores high on risk management, returns

Evaluation of the fund's performance over various market phases shows it has proved its worth with the ability to contain the downside better than peers during all bear phases under analysis

Birla Sun Life raising team of women insurance advisors

Private life insurer Birla Sun Life Insurance (BSLI) today announced to develop a team of women insurance advisors across India.In first phase, the company is targetting a network of almost 10,000 women direct sales personnel in all major cities during the current fiscal 2017-18, especially in tier II and III towns.A recent study conducted by our company showed women advisors were more productive than their male counterparts, Birla Sun Life chief actuarial officer Anil Kumar Singh told Business Standard here.He said nearly 50 percent of the women advisors were among top 100 and 40 percent among top 200 advisors in terms of business performance.The company is in the process of engaging with dedicated self help groups and private organisations to reach out to prospective women in this regard, who would be selected, trained and employed as the front life sales force under its 'Swabhimaan' platform."In Uttar Pradesh, we would be covering all major towns including Kanpur, Gorakhpur, ...

Birla Sun Life Insurance launches SecurePlus Plan

Product helps multiply customer's money, earning 2x income on premiums, which can be used to meet several life goals