However, we are aiming for achieving a single- digit growth in terms of policies by the fiscal- end after having witnessed a degrowth under the segment during the last fiscal, BSLI
Managing Director and Chief Executive Pankaj Razdan told journalists in Mumbai.
Cancer Shield Plan comprises of both early and major stages of cancer and offers you a lump sum amount on diagnosis assisting you cope with the related expenses and financial obligations that come along.
With experience of over a decade, BSLI
has contributed to the growth and development of the Indian life insurance industry and is one of the leading life insurance companies in the country.
ABNL and BSLI
chairman Kumar Mangalam Birla said, " Financial services is one of our fastest- growing businesses and is among our core businesses.
ABNL, which maintains the controlling stake in BSLI
at 51%, has received an amount of Rs.
Platinum Advantage plan we offer customers protection along with an excellent investment proposition that not only helps them participate in the equity market but also safeguard their investments through a highest daily NAV guarantee.
Once the deal is completed, Sun Life will raise is stake in BSLI
from current 26 percent to 49 percent while ABNL will continue to be the controlling stakeholder at 51 percent.
Like we mentioned earlier, BSLI
is also working on implementing changes in its operating model enabling the organization to maintain its sales and profit margins.
Dean Connor, President and Chief Executive Officer, Sun Life Financial said, "Increasing our ownership position in BSLI
, one of India's leading private life insurers, in partnership with a well-respected partner in Aditya Birla Group, in the world's second most populous country with strong growth prospects, is exactly on strategy and supports our aspirations for Sun Life Asia as one of our four pillars of growth.
Speaking on the association Mayank Bathwal, Chief Financial Officer, Birla Sun Life Insurance said "Customer centricity is at the core of all our offerings at BSLI
ABNL has entered into an agreement with the Canadian insurance major Sun Life to sell approximately 437 million equity shares constituting 23% of the issued and paid up equity share capital of BSLI
," said the firm.
will power mobility and cloud solutions developed by IBM Research and the IBM India Software Lab to attain increased revenues, reduce costs and improved profitability.