Bangalore: Private insurance company, Birla Sun Life Insurance (BSLI) on June 6 said it was targeting a premium income of Rs 500 crore during the current financial year.

Its CFO (chief financial officer) and appointed actuary Peter Akers told reporters the company aimed to attract Rs 500 crore as fresh premium during the year, of which over 95 per cent would be from unit linked plans.

The company raised Rs 170 crore fresh premium last year, Akers said, adding, the average premium was Rs 19,000 per policy.

The joint venture between the Aditya Birla group and Sun Life Financial plans to double its agents to 10,000 during 2003-04 as against 5,000 last financial year, he said.

Akers said the company had over one lakh customers, who had insured for its various products.

PTI