Financial Daily from THE HINDU group of publications
Sunday, Apr 03, 2005
Financial Daily from THE HINDU group of publications Sunday, Apr 03, 2005 |
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Money & Banking
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Life Insurance Birla Sun premium income up at Rs 684 cr Our Bureau
Mumbai , April 2 BIRLA Sun Life Insurance has announced that its premium income for the year ended February 2005 has increased to Rs 684 crore. According to the company, this is an increase of 142 per cent over the corresponding period of the previous year. The new business premium stands at Rs 480 crore. Mr Nani Javeri, CEO, said, "The consistent growth in premium income has been possible because of our high persistency ratio (renewal ratio) and superior investment performance of our funds". The company has also launched the facility of switching the investment fund option twice a year free-of-cost for its policyholders.
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