• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

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

New Delhi, Nov. 26

Max New York Life Insurance (MNLI) has announced that the company crossed Rs 3,000 crore in collected premium during January-October 2008. This represented a 61 per cent growth over the corresponding period last year. Of the collected premium of Rs 3,000 crore, first year premium contributed to Rs 1,653 crore, while earnings from renewal premium stood at Rs 1,375 crore. A MNLI release also said that the company has added 1 million policyholders till date through the multi- channel distribution network. In January-October 2008 period, MNLI added more than 8,500 employees and now has over 15,000 employees. The company’s agent advisors strength was touching 61,500 agents.

— Our Bureau

More Stories on : Life Insurance

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

Copyright © 2008, 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