Max New York Life targets 30% growth this fiscal

Despite recording 11% dip in new business premium collection during the April-September 2009 period, Max New York Life Insurance is confident of 20-30% growth in 2009-10. This year has been tough. While the industry has seen a negative growth of 15%, we have de-grown by 11%. We are doing better than the rest of the industry in a way. We expect to increase the collection of new premium by 20-30% during this fiscal, said Rajit Mehta, executive director and chief operating officer of Max New York Life Insurance on Tuesday. The company witnessed new premium collections of close to Rs ...

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