Aditya Birla Sun Life Insurance open to Consolidation

Highlights :

Aditya Birla Sun Life Insurance open to Consolidation
ABSLI is a life insurance subsidiary of Aditya Birla Capital Ltd
While the industry is down by 17-18%, they are up by about 5%

Aditya Birla Sun Life Insurance (ABSLI) on Sunday said it is open to opportunities for consolidation as the sector is expected to undergo a churn as a result of business disruption caused by Covid-19 pandemic.

ABSLI is a life insurance subsidiary of Aditya Birla Capital Ltd. The company's business in the first quarter of the fiscal was good and it expects to continue the momentum.

While the industry is down by 17-18%, they are up by about 5%, and every month that number is looking better. They are 10% up in May, 15% up in June when compared to the last year at the same time.

Death claims in the first quarter of the financial year have been on the lower side compared to the same period last year.

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