Citigroup splits with Birla Sun Life after deal with AIA Group

MUMBAI: Birla Sun Life Insurance faces pressure on its business after Citigroup, which contributed close to 15% of its business, exited their tie-up following an international deal to distribute products of the AIA Group, one of the largest insurance firms in Asia.  "Citi has moved out of its tie-up with Birla Sun Life Insurance," an executive with Birla Sun Life said. "They contributed 10-15% of the income on an average every year."

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