Birla Sun Life

BSLI posts its maiden profit in June quarter

BSLI posts its maiden profit in June quarterNew generation life insurer Birla Sun Life Insurance (BSLI) has announced its first quarter financial results for the fiscal year 2010-11. Birla Sun Life Insurance is the joint venture between the Indian Inc. Aditya Birla Group and Sun Life Financial Inc. of Canada.

According to the insurance firm, it has registered its maiden profit in the June quarter of the current fiscal. Birla Sun Life Insurance (BSLI) has posted a net profit of Rs 9 crore for the quarter that ended in 30th June, 2010 and this has been its first ever net profit show since its inception.

Birla Sun Life to distribute MF through BoI

Birla-Sun-LifeBirla Sun Life and the Bank of India (BoI) have signed a Memorandum of Agreement, for distribution of MF schemes. As per the agreement, the public-sector bank would become the distribution partner for selling Birla's mutual fund.

After this deal, Birla will be using all the 3,100 branches of BoI for selling its products, said a press release by Birla Sun Life.

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