About ABL Life Insurance
ABL Life Insurance is a company based in Seoul (South Korea) founded in 1954 was acquired by Woori Financial Group in August 2024.. ABL Life Insurance offers products and services including Life Insurance, Health Insurance, and Savings Insurance. ABL Life Insurance operates in a competitive market with competitors including Blue KC, Samsung Life Insurance, Beazley, Prudential and Lotte Insurance, among others.
- Headquarter Seoul, South Korea
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 에이비엘생명보험(주)
- Jurisdiction Na, Maharashtra, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Woori Financial Group
(Aug 28, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of ABL Life Insurance
ABL Life Insurance offers a comprehensive portfolio of products and services, including Life Insurance, Health Insurance, and Savings Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for life events and financial security.
Offers protection against medical expenses and illnesses.
Supports investment and retirement planning options.
Funding Insights of ABL Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ABL Life Insurance
ABL Life Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Woori Financial Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Diversified lending services are provided as a non-banking financial institution.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ABL Life Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ABL Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abl Life Insurance Comparisons
Competitors of ABL Life Insurance
ABL Life Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue KC, Samsung Life Insurance, Beazley, Prudential and Lotte Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
|
|
| domain | founded_year | HQ Location |
Life, health insurance, loans, and annuities are offered internationally.
|
|
| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
|
|
| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
|
|
| domain | founded_year | HQ Location |
Non-life insurance services are offered across South Korea.
|
|
| domain | founded_year | HQ Location |
Diversified insurance coverage is provided in fire and marine sectors.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Abl Life Insurance
Frequently Asked Questions about ABL Life Insurance
When was ABL Life Insurance founded?
ABL Life Insurance was founded in 1954.
Where is ABL Life Insurance located?
ABL Life Insurance is headquartered in Seoul, South Korea.
What does ABL Life Insurance do?
Established in 1954 in Seoul, South Korea, ABL Life Insurance operates in the financial sector with a focus on life insurance. Term life, whole life, and annuity plans are offered alongside services such as policy-secured loans and investment products. Customer support is delivered through call centers and online platforms, while tools for policy management and account access are provided digitally. Comprehensive financial solutions are emphasized in operations.
Who are the top competitors of ABL Life Insurance?
ABL Life Insurance's top competitors include Samsung Life Insurance, Beazley and meritz Fire & Marine Insurance.
What products or services does ABL Life Insurance offer?
ABL Life Insurance offers Life Insurance, Health Insurance, and Savings Insurance.
Who are ABL Life Insurance's investors?
ABL Life Insurance has 1 investor. Key investors include Woori Financial Group.