Birla Sun Life Insurance crosses the landmark of Rs. 10,000 crore of AUM in April09

July 23rd, 2009 A unique blue-chip fund that invests in fundamentally strong and liquid large-cap stocks Birla Sun Life Insurance (BSLI), one of India’s leading life insurance companies and pioneer of Unit Linked Life Insurance plans in India, announced the launch of ‘Super 20’, its new fund offering today. ‘Super 20’, is a large-cap fund that will invest in 20 fundamentally strong large-cap stocks resulting in long-term capital appreciation for policyholders.

June 24th, 2009 Renews its 6 year long Bancassurance partnership for additional 3 years Mumbai, 24 June 2009: Birla Sun Life Insurance (BSLI) announced the renewal of its  bancassurance partnership with Development Credit Bank (DCB), today. This strong partnership, which has been in existence for a period of 6 years will be extended for an additional duration of 3 years by both parties.

May 22nd, 2009 MUMBAI - Tobacco, FMCG and hospitality major ITC saw its net profit for 2008-09 increase 4.6 percent to about Rs.3,264 crore from Rs.3,120 crore earned the previous fiscal. The company's turnover similarly registered a 10.5 percent growth during the year to Rs.16,844 crore from Rs.15,245.3 crore in 2007-08, it said in a regulatory statement Friday.

May 17th, 2009 CHENNAI - A much stronger Congress-led coalition to form the next government bodes well for the life insurance sector clamouring for reforms, says the industry's representative organisation. 'Two important amendment bills relating to the insurance sector reforms are pending in Parliament.

May 7th, 2009 KOLKATA - Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10 million tonnes in two years from 6 million tonnes now, the company said in a release Thursday here. 'The second and final phase of expansion at the Satna plant is likely to be completed by March, following which total clinker production capacity will increase by 2,200 tonnes per day (tpd) to 9,600 tpd,' the release said.

May 4th, 2009 CHENNAI - Public sector non-life insurer United India Insurance Co Ltd is planning to launch overseas operations shortly, a top official said here Monday. Announcing the company's performance for fiscal 2008-09, G.

March 31st, 2009 CHENNAI/CHANDIGARH - Officials at the India Post Insurance Directorate, the insurance arm of India Post, are upbeat about business prospects, while the rest of the industry is struggling to cope with a slowdown. The two major schemes of the company - postal life insurance (PLI) and rural postal life insurance (RPLI) - are logging good growth despite bad economic sentiments, the officials said.

March 31st, 2009 MUMBAI - Aditya Birla Nuvo Ltd Tuesday said it has acquired over 3.5 million equity shares in its subsidiary Birla Sun Life Distribution Co (BSDL). The shares were acquired from Canada-based Sun Life (India) Distribution Investments Inc.

March 10th, 2009 MUMBAI - Diversified company Aditya Birla Nuvo Ltd Monday said it has completed the acquisition of 76 percent stake in the retail broking firm of the Apollo Hospitals Group. The group bought 56 percent in Apollo Sindhoori Capital Investment from the promoters and another 20 percent through an open offer.

February 7th, 2009 NEW DELHI - General insurance premium earning is likely to grow at 20 percent annually over the next six years and top the Rs.1-trillion (Rs.100,000-crore) mark by 2015, says an industry report released Sunday. The Associated Chambers of Commerce and Industry of India (ASSOCHAM), in a joint study with the United India Insurance Co, also said the massive increase in premium earning from Rs.280 billion (Rs.28,000 crore) currently would be on account of increased awareness.

February 5th, 2009 CHENNAI - State-owned Life Insurance Corp (LIC) posted new business income last December worth Rs.69.61 billion (Rs.6,961 crore), selling over 4.65 million policies. According to figures released by Insurance Regulatory and Development Authority (IRDA) Friday, it was a huge jump that LIC registered when compared to the collection in November: Rs.33.46 billion (Rs.3,346 crore) from selling 2.58 million policies.

January 26th, 2009 KOLKATA - Cement manufacturer Birla Corp Ltd Tuesday said cement prices will come under pressure in the current and next fiscals when the expected commissioning of new facilities takes place. 'Pick-up in the demand of cement has been witnessed during the later part of December 2008, mainly on account of the revival of demand in the UP (Uttar Pradesh) and Bihar regions, and the same is likely to continue in the quarter ending March 2009,' the company said in a statement.

January 15th, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla group company Kesoram Industries, will shut down its Orissa plant once again on account of falling sales, a company official said Friday. 'We will shut down the plant from January 19 to January 31 because of falling demand,' a senior official at the unit told IANS on condition of anonymity because he is not authorised to speak to the media.

January 13th, 2009 KOLKATA - Future Generali, the joint venture with the Italian insurance giant Generali, is expecting to touch a premium income of about Rs.10 billion by 2010, a senior official said Wednesday. Future Generali is the insurance joint venture between Future Group of India and Italy-based Generali Group with a 74:26 stake.

January 1st, 2009 CHENNAI - State-owned Life Insurance Corp (LIC) increased its new business income by Rs.5.63 billion in November over the previous month, but the 20-member private sector club stagnated, data released by the sectoral watchdog Friday showed. According to the figures released by Insurance Regulatory and Development Authority (IRDA), LIC earned a total premium of Rs.33.46 billion (Rs.3,346 crore) in November, selling nearly 2.58 million policies.