Birla Sun Life SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 26, 2020

SWOT analysis of Birla Sun Life analyses the brand by its strengths, weaknesses, opportunities & threats. In Birla Sun Life SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Birla Sun Life to benchmark its business & performance as compared to the competitors. Birla Sun Life is one of the leading brands in the banking & financial services sector.

The article below lists the Birla Sun Life SWOT (Strengths, Weaknesses, Opportunities, Threats), top Birla Sun Life competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

About Birla Sun Life

Birla Sun Life Overview
Parent Company

Aditya Birla Group & Sun Life Financial Services

Category

NBFC

Sector

Banking & Financial Services

Tagline/ Slogan

Zindagi ke utar chadav mei jiyo vishwas ke saath’; Leaving nothing to chance

USP

Expertise in  Insurance  across Continents

Birla Sun Life STP
Segmentation

Personal and Group Asset Management

Target Market

Urban and Rural Investors

Positioning

Complete Insurance and financial solutions

SWOT Analysis of Birla Sun Life

For Birla Sun Life, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position. Let us start the Birla Sun Life SWOT Analysis:

Birla Sun Life Strengths

The strengths of Birla Sun Life looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Birla Sun Life :

1. Has Network of 600 branches and advisors spread over 1500 towns in India having over 130,000 advisors
2. Backed By Aditya Birla Brand and Sun Life financial services
3.  Emphasis on Customer Satisfaction through Transparent Functioning

4. Strong Capital Base

Birla Sun Life Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Birla Sun Life SWOT Analysis:

1.  Low Presence in Rural Market
2. Lesser advertising as compared to competitors


Birla Sun Life Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Birla Sun Life SWOT Analysis:

1.  Growing potential in the Rural Market
2.  Alignment with Government Schemes
3. Better awareness amongst people for getting insurance


Birla Sun Life Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Birla Sun Life are as mentioned:

1.  Economic crisis and economic instability
2.  Entry of new NBFCs in the sector

Birla Sun Life Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Birla Sun Life:

1.  LIC
2.  SBI Life Insurance

3.  HDFC Standard Life


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Birla Sun Life. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

Continue Reading:


The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way.
Edit the brand or add a new one to SWOT Analysis section : Contribute

Share this Page on:
Facebook ShareTweetShare on Linkedin