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Our Bureau

Chennai , Nov. 24

BIRLA Sun Life Insurance Company expects to earn a premium income of Rs 800 crore this year compared to Rs 462 crore last year.

Till the end of October, the company earned a premium income of over Rs 300 crore - new business premium including ten per cent of the value of single premium policies. Till September, its premium income was Rs 273 crore.

The company is the second highest premium income earner among private sector insurance companies.

Addressing a press conference here, Mr Nani B Javeri, Chief Executive Officer, Birla Sun Life, said the company would continue with its policy of issuing only unit-linked policies. All Birla Sun Life policies are unit-linked and the policy-holders' funds are invested in accordance with the choice of the customer, Mr Javeri said.

He said the company has about 10,000 financial advisors (agents) and expects to increase the number to 15,000 by April.

Birla Sun Life opened its second branch in Chennai on Wednesday. With this, the company has 44 branches across 33 cities. The company has covered over 6.5 lakh lives with a total sum assured of Rs 17,900 crore.

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