xide Life Insurance,
the company which switched to its new name a couple of days ago from
the ING Vysya Life , on Thursday said it has targeted to achieve a
growth upwards of 10% in the current year on the back of a strong
re-branding exercise and also helped by a turnaround expected in the
economy.
Total premium income of
the company grew 5% to Rs 1,830 crore in the year 2013-14 from Rs 1,742
crore in the previous year on the back of a reasonable growth in
renewal premium. However, the growth in new business premium decreased
by 3% during the same period, mostly on account challenging economic
environment in the country, according to Kshitij Jain, managing director and CEO of the company.http://www.myallagents.com/Exide-Life-Insurance-targets-10-growth-in-201415/details.html
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