Enclosed, please find the reations of Mr Vikram Kotak, CIO, Birla
Sun Life Insurance Company Ltd in regards to Union Budget 2009- 2010
along
with his photo.
Hope you will be using the same.
Quote on Union Budget 2009: (Market Outlook)
"In my view equity market is disappointed because finance minister did
not touch generic announcements like FDI hike in few sectors and no
significant mention on divestments also made short-term participants
more jittery. The laxity on the fiscal situation was also a
disappointment. A higher than expected fiscal deficit also impacts
investment cycle recovery.
In my opinion, equity market is likely to regain its momentum soon as
government has focused on 'Aam Aadmi' by giving more money in hands of
tax payers via removal of surcharge or increased limit on income tax
slabs.
Overall budget will boost growth in medium-term and also offer
protection against global worries if any".
Birla Sun Life Insurance Co. Ltd.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture
between the Aditya Birla Group, a well known Indian conglomerates and
Sun Life Financial Inc, leading international financial services
organization from Canada. With an experience of over 9 years, BSLI has
contributed significantly to the growth and development of the Indian
Life Insurance industry and currently ranks amongst the top 5 private
life insurance companies in the country. Enjoying trust of its over 2
Million customers, BSLI is known for innovation. It was the first Indian
Insurance Company to introduce "Free Look Period" and Benefit
illustrations, which were subsequently made mandatory by IRDA for the
industry. BSLI offers a complete range of pension, health and life
insurance products and has an extensive reach in over 1500 markets
through its network of 651 branches and 1,75,000 empanelled advisors.
This is well supported by the sound financial that the Company has. The
AUM of Birla Sun Life Insurance surpassed Rs. 10000 crs and it has a
robust capital base of over Rs. 2000 crs as on March 31, 2009.For more
information, please visit www.birlasunlife.com
<http://www.birlasunlife.com>
About Aditya Birla Group
A US $28 billion corporation, the Aditya Birla Group is in the league of
Fortune 500 worldwide. It is anchored by an extraordinary force of
100,000 employees, belonging to 25 different nationalities. The group
operates in 25 countries across six continents - truly India's first
multinational corporation.
Aditya Birla Group through Aditya Birla Financial Services Group
(ABFSG), has a strong presence across various financial services
verticals that include life insurance, fund management, distribution &
wealth management, security based lending, insurance broking, private
equity and retail broking. In FY 2008-09, the consolidated revenues of
ABFSG from these businesses crossed Rs. 4763 crs, registering a growth
rate of 36%.For more information please visit www.adityabirla.com
<http://www.adityabirla.com/>
About Sun Life Financial Inc.
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun
Life Financial group of companies had total assets under management of
$381 billion.
For more information please visit www.sunlife.com
<http://www.sunlife.com>
PRS/07/09-10/3517
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Adfactors PR Pvt Ltd
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