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Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial of Canada where the former owns 51% and the rest is owned by the latter. It provides wealth accumulation and protection products, and services to individuals and corporate customers.
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 [4] trillion in assets under management operating in a number of countries. [5] Sun Life ranks number 235 on the Forbes Global 2000 list for 2022.
Within a year, Sun Life began sending out direct mail. [24] They introduced their very first plan for people aged over 50 in 1979. [25] In 1982, they became the world's first life assurance company to announce a £200,000 non-medical limit. [26] In 1992, French insurer UAP became Sun Life Assurance Society's major shareholder. [27]
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