IndiaFirst Life Insurance, a JV between Bank of Baroda, Andhra Bank and Legal and General (UK), today said the company crossed Asset Under Management (AUM) of Rs 10,000 crore.
As on March 2016, 31, the company recorded AUM of Rs 9,061 crore, IndiaFirst Life said in a release.
“We have witnessed a growth of 43 per cent (y-o-y), achieving over Rs 1,000 crore of gross collected premium as on September 30, 2016. The current growth in retail (APE) business is 79 per cent, as on September 2016,” company MD and CEO R M Vishakha said.