3,600 billion with a consolidated lending book of approx. As of March 31, 2023, Aditya Birla Capital Limited manages aggregate assets under management of about Rs. The company has 16,903 employees and 19.02 lacs active retail customers.Īs of March 31st, 2023, total AUM of ABSLI Stood at Rs.700,510.9 million (15% Increase YOY). It operates through a vast network of branches, agents, channel partners, and bank partnerships, serving millions of customers across India. With subsidiaries, joint ventures, and associates, ABCL provides a comprehensive range of protecting, investing, and financing solutions to meet the diverse needs of customers throughout their life cycle. The company has a wide distribution network, including branches, bancassurance partners, distribution channels, direct selling agents, and online platforms.Īditya Birla Capital Limited (ABCL) serves as the holding company for the financial services businesses of the Aditya Birla Group.
700,510.9 million and a gross premium income of Rs. As of March 2023, ABSLI has recorded significant growth, with a total asset under management (AUM) of Rs. It offers a wide range of products catering to customers' needs throughout their life cycle, including children's future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans, and Unit Linked Insurance Plans (ULIPs). In unfortunate circumstances, the plan provides a lump sum Death Benefit to the nominee(s)/heir(s), as long as the policy is in-force.ĪBSLI, a subsidiary of Aditya Birla Capital Ltd, is 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc. In addition to its retirement benefits, the ABSLI Nishchit Pension Plan also offers life insurance coverage throughout the policy term. Policyholders can avail the vesting benefit until the age of 75, with a minimum vesting age of 45 years. The minimum annualized premium required is Rs. The plan sets a maximum entry age of 65 years and a minimum entry age of 30 years. It provides flexible Premium Payment Term (PPT) and Policy Term (PT) options, allowing individuals to choose from various premium payment term durations, including 5, 6, 8, 10, 12 years, or regular pay options. The ABSLI Nishchit Pension Plan offers customization options to policyholders based on their retirement goals.
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