• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Visakhapatnam, Feb. 16

ICICI Prudential Life Insurance, the frontrunner among the private insurance companies in the country, has performed exceedingly well during the initial three quarters of the current financial year, issuing over 1.1 million policies.

At a press meet here, Mr Anup Rau, Vice-President, said that during the first nine months the company could garner Rs 2,722 crore in new premium and issued over 1.1 million policies. Further, 300 more branches had been added during the period, taking the total to 470. "It has been a landmark year for the company. We have 9 per cent of the overall life insurance market, with LIC being the dominant player. But in private insurance segment we have 29 per cent," he said.

He said the business would continue to grow in the coming years, as the economy is on an upward swing. "We are penetrating into the rural markets as well. It is no longer correct to say the rural markets are the exclusive preserve of the LIC," he claimed.

More Stories on : Life Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`ICICI Pru issued 1.1 m policies'

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line