The company was the first to provide Unit Linked Life Insurance products, and its objective is to be a pioneer and role model in the integrated financial services industry. It has over 500 distribution sites, 560 branches, over 85,000 appointed advisers, and 140 agreements with corporate agents, brokers, and banks. Aditya Birla Sun Life offers three-term insurance plans: ABSLI Life Shield Plan, ABSLI DigiShield Plan, and ABSLI Saral Jeevan Bima. 16,885 crore the previous month.Īditya Birla Sun Life Insurance offers a variety of tempting features and benefits that can assist you in establishing financial security for your family, protecting your family from liabilities by offering life insurance plans at very nominal rates. Non-life insurers' premiums, which include general, standalone, and specialty public-sector policies, grew 19.46 percent year on year in July 2021, hitting Rs. Health insurance businesses in the non-life insurance market expanded by 41% in March 2021, owing to increased demand for health insurance products in the aftermath of the COVID-19 increase. Six independent private-sector health insurance companies boosted their gross premium by 66.6 percent in May 2021 to Rs 1,406.64 crore, up from Rs 844.13 crore the previous month. In terms of gross direct premium income, the general insurance market is expected to grow by 7% to 9% in FY22, owing to strong growth in the health and motor sectors. The total direct premium of non-life insurance companies climbed 11.4 percent year on year to Rs. The yearly premiums earned by non-life insurers in India climbed to US$ 26.52 billion in FY21, up from US$ 26.49 billion in FY20, owing to the rapid development of general insurance businesses. In FY22, premiums from life insurance companies in India totalled US$ 9.8 billion, while renewable premiums totaled US$ 53.7 billion.
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