Aditya Birla Sun Life Insurance Company Limited - Company Profile
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Aditya Birla Sun Life Insurance Company Limited (ABSLI), a subsidiary of Aditya Birla Capital Ltd, is an insurance company focused on providing life insurance products. The company offers term life insurance, endowment plans, whole life insurance, unit linked insurance plans, child plans, pension plans and money back plans. It also offers life insurance riders, The markets and distributes its products through a network of branches, bancassurance partners, individual agents and online channels. The company is a joint venture between the Aditya Birla Group and Sun Life Financial. ABSLI is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
One World Center Tower 1, 16th Floor Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai, Maharashtra, 400013
Telephone
91 22 43569000
No of Employees
23,000
Industry
Financial Services
Revenue (2024)
$3.2B
Aditya Birla Sun Life Insurance Company Limited premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Term Insurance | SME Business Solutions | ABLSI |
| ABSLI DigiShield Plan | ||
| ABSLI Life Shield Plan | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | New Products/Services | In November, the company introduced ABSLI Vision Retirement Solution. |
| 2023 | Contracts/Agreements | In December, the company and IDFC First Bank signed a bancassurance partnership to deliver insurance solutions to the bank’s customers. |
| 2023 | Contracts/Agreements | In September, the company entered into partnership with Artivatic.ai and launched an innovative AI/ML-driven underwriting platform. |
Competitor Comparison
| Key Parameters | Aditya Birla Sun Life Insurance Company Limited | Life Insurance Corporation of India | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Bajaj Life Insurance Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Pune |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 23,000 | 91,606 | 37,526 | 19,303 | 2,500 |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kumar Mangalam Birla | Chairman | Executive Board | 1995 | - |
| Kamlesh Rao | Director; Chief Executive Officer; Managing Director | Executive Board | - | - |
| Sandesh Joshi | Chief Financial Officer | Senior Management | - | - |
| Devendra Singhvi | Chief Investment Officer | Senior Management | - | - |
| Anil Kumar Singh | Chief Actuarial Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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