ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions. The company has over 19,500 employees and more than 16 lakh active customers.ĪBCL is the holding company for the financial services businesses of the Aditya Birla Group. ABSLI has a nation-wide distribution presence through 340+ branches, 8 bancassurance partners, over 49,000 direct selling agents, other Corporate Agents, and Brokers and through its website. ABSLI recorded a gross premium income of Rs.26,197 million in Q1 FY 2022-23 and registering a y-o-y growth of 49% in Gross Premium with Individual Business FYP at Rs.4090 Mn. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.ĪBSLI offers a range of products across the customer’s life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans (ULIPs).Īs of June 2022, total AUM of ABSLI Stood at around Rs.606,604 million. ABSLI was incorporated on Augand commenced operations on January 17th, 2001. Any rise in oil prices could hurt Canadians at the pump and could push inflation higher.Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a part of Aditya Birla Capital Ltd (ABCL).

Production cuts by OPEC+ may offset price declines. The price of oil may decrease if economic uncertainty persists and demand slows. The Fed has said it may need to further raise interest rates to help bring inflation down and slow economic activity.Įurope’s economy may struggle for traction amid elevated inflation, rising interest rates and geopolitical tensions. Spending may continue to remain high assuming the labour market remains strong. The Canadian consumer has been the source of strength for Canada’s economy. Declining economic conditions elsewhere could hurt Canada’s economy given weak trade activity. The recent rate increase could mute demand.Ĭanada’s economy expanded more than expected in the first quarter of 2023. The Canadian real estate market improved early in the second quarter as the BoC paused interest rates. A longer period of higher rates fis likely to persist.

The BoC restated its commitment to bringing down inflation. With inflation high and economic growth proving robust, the BoC resumed its interest rate hikes.

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