BIRLA SUN LIFE INSURANCE COMPANY LIMITED
INSURANCE COMPANIES OF INDIA – BIRLA SUN LIFE INSURANCE COMPANY LIMITED
Birla Sun life is an international financial services company and known primarily as a life insurance company. Its partners provide insurance plan, retirement and investment solutions for individuals and businesses group around the world including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, India, China and also Bermuda. Birla Sun Life ranks number 236 on the Forbes Global 2000 list for in 2010.
At 30 Sept 2008, Birla Sun Life had assets of $389 billion and including joint ventures had more than 28,000 employees and 147,590 advisors in 22 countries serving more than 25 million customers worldwide. Birla Sun Life is ranked as one of the top six privately owned life insurers in India. In Canada, Sun Life is ranked one in several lines of business including Defined Contribution Pension Plans, Group RRSPs and Deferred Profit Sharing Plans.
Sun Life continued to expand its wealth management business with the 1982 acquisition of Massachusetts Financial Services (MFS), the Boston-based investment management and mutual fund company. It entered the mutual fund business in Canada by forming Spectrum Mutual Fund Services in 1987 and a decade later, acquired McLean Budden, a Canadian investment management firm. International expansion continued in the 1990s. In 1995, Birla Sun Life entered the Indonesia market through local company PT Asuransi Modern Sun Life.