Birla Sun Life Insurance sets target at Rs 800 cr Tuesday, December 21 2004 18:51 Hrs (IST) - World Time -
Mangalore:
Birla Sun Life Insurance (BSLI), has targeted to achieve over Rs 800 crore premium business during the current financial year, its CEO Nani Javeri said today (Dec 21, 2004).
The income of the company has shown 189 per cent growth over the corresponding period of last year at Rs 286 crore, he told reporters in Mangalore.
The company plans to enhance the business at over Rs 800 crore during the current financial year ending March 31, 2005, he said.
The premium revenue for the period stood at Rs 380 crore registering a growth of 205 per cent, Javeri said adding that the company has recently increased its capital to Rs 350 crore.
During the current financial year, the branch network of BSLI would be increased to 44 in thirty three cities, he said.
Mangalore ranks number one in the State in the Market Intensity Index (MII), he said adding that the MII for the Mangalore city is 113.60 with Udupi coming next at 108.78 followed by Bangalore at 108.17.
The company has covered in excess of 6.75 lakh lives since its inception and the total sum assured has crossed Rs 20,900 crores, Javeri said.
