- Aditya Birla Sun Life Insurance (ABSLI) opens its first all-women branch in Mulund
- This initiative reinforces ABSLI’s commitment to strengthening its presence in Mumbai
- The move aims to expand the company’s distribution footprint across the suburban district
Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance business of Aditya Birla Capital, launched it’s first-ever all-female office in Mulund (West), Mumbai. It is a bid to empower women through meaningful professional careers. It is also an expression of the company's desire to strengthen its presence in the city and expand its distribution network to serve customers in the suburban location better.
The branch will be manned by 50 women and the recruitment of more staff members is expected in the forthcoming months. The entire female branch intends to develop a conducive atmosphere for professional development with an emphasis on maintaining a good work-life balance. The Mulund branch has added a specific play area to empower working mothers employees and advisors.
Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance Company Limited, said, "Women are usually at the center of expectations, duties, sacrifices, hopes, and life-changing situations. Opening our first 'all-women branch' reflects our interest in empowering women to plan long-term careers. Providing a nurturing work culture, we endeavor to enable them towards financial independence."
Aditya Birla Sun Life Insurance Company Limited (ABSLI) is part of Aditya Birla Capital Ltd (ABCL). ABSLI was established on 4 August 2000 and operations commenced on 17 January 2001. ABSLI is a joint venture between the Aditya Birla Group and Sun Life Financial Inc., a Canadian global financial services organization operating with a 51:49 ownership structure.
ABSLI provides a series of products that are capable of serving a customer's needs at various points of his/her life, ranging from future objectives of children to wealth protection policies, retirement and pension products, health insurance policies, traditional term plans, and Unit Linked Insurance Policies (ULIPs).
ABSLI had a total of Rs. 97,286 Crore in assets under management as of 31st December 2024. The company achieved a gross premium income of Rs. 13,605 Crore, a year-on-year growth of 10 percent in individual business first-year premium (FYP), while single premiums increased by 22.5 percent.
ABSLI has a pan-India presence with more than 380 branches, 11 bancassurance partners, six distribution channels, over 62,600 direct selling agents, and a host of corporate agents and brokers through its website. The organization has more than 29,000 employees and has 20.58 lakh active customers.
Aditya Birla Capital Limited (ABCL) is a Core Investment Company and holding firm of different financial services businesses. It offers loans, investments, insurance, and payment solutions through subsidiaries and joint ventures. It boasts a pool of more than 59,000 employees and 1,482+ branches spread across India. ABCL manages assets worth over Rs. 5.03 Lakh Crore and lending book of over Rs. 1.46 Lakh Crore.
ABCL is dominated by the Aditya Birla Group, an international conglomerate with a business presence in metals, cement, financial services, and others, worth $66 billion. The Group employs over 187,000 individuals from 40+ countries and over 50% of revenues are from international operations alone.
