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Mr Dalip Verma, MD, Tata AIG General Insurance Company (left), and Mr Vishal Pandit, President & CEO, GE Countrywide Consumer Financial Services, at a press conference in Mumbai on Wednesday. — Paul Noronha

Mumbai , Aug. 11

TATA AIG General Insurance Company is expected to see a growth of about 45 per cent in its premium income for the fiscal 2004-05, said Mr Dalip Verma, Managing Director, Tata AIG.

The company had made a premium income of Rs 353 crore in the previous fiscal along with a maiden profit of Rs 15.30 crore. The growth in premium income was 47 per cent in the last fiscal.

It also plans to open nine more offices during this year, said Mr Verma. Tata AIG today announced a tie-up with GE Countrywide Consumer Financial Services Ltd, to offer its general insurance products through latter's offices.

The rollout will initially begin in 18 locations of GE Countrywide offering Tata AIGs personal lines products. In about a year, the number of cities will be increased to 60, said Mr Vishal Pandit, President and CEO, GE Countrywide Consumer Financial Services Ltd, at a press conference.

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