Birla Sun Life Insurance And Career Plan 18 January 2019

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Birla Sun Life Insurance And Career Plan : As we all know Insurance business in India is growing day by day. This has grown the career opportunities within this sector due to participation of private as well as multinational companies. In order to create career in the insurance industry one should have or to develop in-depth understanding of money, finance, market and insurance business. For the benefits of prospective career seekers in insurance industry, In this article we are going to tell you about Birla Sun Life Insurance and its Management, Financials, Products, Services and News.

Birla Sun Life Insurance – Overview

Birla Sun Life Insurance Company Limited (BSLI) is a combined venture of the Aditya Birla Group and Sun Life Financial Inc. Aditya Birla Group is among the top conglomerates in India and Sun Life Financial Inc is one of the leading global providers of financial services based in Canada. The company has been in the business for more than a 10 years now and is regarded as one of the top names in the industry. Following are the various awards conferred on the insurer:

Year	Award	Awarding Authority
2009	Recruiting and Staffing Best in Class Awards	–
2009	ICAI Awards for Excellence in Financial Reporting – Silver in Insurance Category	Institute of Chartered Accountants of India (ICAI)
2010	Official Nominee – BSLI Email marketing campaign ‘Save Forest’	14th Annual Webby Awards 2010
2010	Silver medal and a letter of appreciation for Wealth with Protection Solutions campaign	APPIES 2010 – Asia Pacific Advertising & Marketing Congress
2011	Gold – “financial services website” category for Birla Sun Life Insurance – NotJobsButPassion microsite	BBC.com-Campaign India Digital Media Awards 2011
2011	Best use of Outdoor & Ambient media Awards at Goa Fest 2011 – Direct marketing Flat Mail	Advertising Agencies Association of India & Advertising Club Bombay
2011	Gold – Creative Abby Awards at Goa Fest 2011 as Direct marketing Dimensional Mail	Advertising Agencies Association of India & Advertising Club Bombay
2011	Bronze – Media Abby Awards at Goa Fest 2011 as Best Never Before use of Media	Advertising Agencies Association of India & Advertising Club Bombay
2011	Best Insurance Integrated ad campaign (NotJobsButPassion campaign)	Internet Advertising Competition (IAC)Awards 2011
2011	Golden Peacock Award	Golden Peacock Global Awards Secretariat

Birla Sun Life Insurance Management

The List of the management team at Birla Sun Life Insurance is as given below:

Name	Designation
Jayant Dua	CEO and MD
Mayank Bathwal	CFO and Head of Institutional Sales
Amitabh Verma	Chief Operating Officer
Sashi Krishnan	Chief Investment Officer
Niall O’Hare	Chief Actuarial Officer
Arun Malkani	Chief Marketing Officer
Pramod Krishnamurthy	Head – Information Technology
Saurov Ghosh	Head – Human Resources and Training
Lalit Vermani	Head – Compliance, Risk, Legal, and Audit
Vikas Seth	Head of Sales – DSF

The board of directors at BSLI is made up of the following dignitaries:

• Donald Stewart
• Kumar Mangalam Birla
• Ajay Srinivasan
• Jayant Dua
• Biswanath Puranmalka
• Dikran Ohannessian
• Gian Gupta
• Rakesh Jain
• Suresh Talwar
• Tarjani Vakil
• Venkatesh Mysore

Birla Sun Life Insurance Financials

The following table highlights the profit and loss details of Birla Sun Life Insurance in the first quarter of 2012-13 fiscal:

Domain	Figures in INR thousands
Amounts transferred from policyholders’ account (technical account)	1,984,306
Income from gross interest, rent, and dividend	231,794
Profit on redemption and sale of investments	9282
Contribution to policyholders’ account	752,316
Profit before and after tax	1,471,791

Birla Sun Life Insurance Products and Services

The products of Birla Sun Life Insurance may be given as below:

Protection Solutions

1. BSLI Protector Plan
2. BSLI Protector Plus Plan
3. BSLI Premium Back Term Plan

Retirement Solutions

1. BSLI Dream Life Plan
2. BSLI Classic Life Plan
3. BSLI Immediate Income Plan

Health and Wellness Solutions

1. BSLI Health Plan
2. BSLI Saral Health Plan
3. BSLI Universal Health Plan

Children’s Future Solutions

1. BSLI Bachat Child Plan
2. BSLI Dream Child Plan
3. BSLI Classic Child Plan

Wealth with Protection Solutions

1. BSLI Vision
2. BSLI Rainbow
3. BSLI Foresight Plan
4. BSLI Wealth Max Plan
5. BSLI Wealth Secure Plan
6. BSLI Money Back Plus Plan
7. BSLI Bachat Moneyback Plan
8. BSLI Classic Endowment Plan
9. BSLI Guaranteed Bachat Plan
10. BSLI Dream Endowment Plan
11. BSLI Guaranteed Wealth Plan
12. BSLI Platinum Advantage Plan
13. BSLI Bachat Endowment Plan

Rural Solutions

1. BSLI Bima Kavach Yojana
2. BSLI Bima Dhan Sanchay
3. BSLI Bima Suraksha Super

NRI Solutions

1. BSLI Platinum Advantage Plan
2. BSLI Vision

Group Solutions

1. Gratuity: Group Unit Linked Plan, Group Value Plus Plan and Guaranteed Interest Credit
2. Leave Encashment: Group Value Plus Plan, Group Unit Linked Plan and Guaranteed Interest Credit
3. Affinity:  Group Asset Assure and Credit-Guard Mortgage Plans
4. Employer Employee: Employer Term Insurance and Employees Deposit Linked Insurance Scheme

Birla Sun Life Insurance News

Birla Sun Life has launched the Birla Sun Life Insurance Wealth Secure, whole life plan. This plan supposed to helps policyholders achieve their financial goals as per the changing necessities in life with participation in the equity markets. This plan also guarantees a certain level of financial security to policyholder for his lifetime.

Niall O’Hare, the Chief Actuarial Officer of Birla Sun Life Insurance, has stated that the plan provides investors three different options. This will be able to satisfy the requirements of various types of investors. According to Niall O’Hare, this plan offers such a combination of long term savings and whole life cover that the policyholders can put all their energy towards realizing their financial ambitions and make substantial savings for the future. In addition, He has also said that owing to the inherent savings facilities within the plan allows to provide good returns with each premium to the investors . O’Hare says the major reasons for this are the long term period of the policy and its participation within the equity markets.

Nowadays, a part of customers are seen to shy away from the equity markets and this according to experts jeopardizes their chances to make wealth over a extended period of time. However, the insurance company is believes that this product will be able to reverse the trend because of the top class investment tactics and opportunity of better and all-round growth available on these plans. With the help of this plan, the insured will be able to choose their premium. The life cover will be decided not only on the basis of the proposer’s age but also on the premium being paid.

We hope that this article will not only help you to get information about Birla Sun Life Insurance but also to know each and every detail to be studied before appearing for great career opportunity in leading insurance company. For more Government & Private Jobs related articles, keep visiting www.gvtjob.com