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Our Bureau

Coimbatore , March 10

ING Vysya Life Insurance is targeting a premium income of Rs 150 crore by December 2004.

The company has, since the start of business in India in September 2001, achieved a premium income of Rs 43 crore (up to December 2003).

Mr Gautam Sharma, Vice-President (Marketing), said the company hoped to achieve Rs 70 crore premium income by the end of the current fiscal and was confident of more than doubling it in the subsequent nine months to touch Rs 150 crore.

Mr Sharma was in town at the inauguration of the company's office here.

Mr Sharma said ING Vysya was all set to introduce a group insurance product within the next month or so. "When we introduce the product, we want to make sure that we have a full portfolio," he said.

According to him, the company already had a group term and critical illness cover, but was looking at superannuation and gratuity cover under the group insurance portfolio.

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