Private sector IndiaFirst Life Insurance said on Monday that it expects 30 per cent rise in premium collection this fiscal with the market witnessing traction. “We are looking at about 30 per cent growth, with a total premium collection of upwards of ₹2,000 crore,” IndiaFirst Life Insurance MD and CEO RM Vishakha said.
In 2015-16, the company’s overall premium collection stood at ₹1,967 crore.
IndiaFirst Life, the joint venture between Bank of Baroda, Andhra Bank and Legal & General, aims to achieve an assets under management target of ₹10,000 crore this fiscal.