HDFC Life looks at 15% growth in new biz premium in '09-10

Despite loosing its big bancasssurance partners, private sector life insurer HDFC Standard is looking at 10-15% growth in its new business premium over Rs 2,552 crore earned in 2008-09. The company is looking at a 10% increase in its total premium by the fiscal-end over Rs 5,565 crore, which was achieved by it at the end of March, 2009. Bank of Baroda and Union Bank of India had terminated their bancassurance contract with HDFC Standard Life, after these banks floated their own life insurance companies. Talking to the reporters while announcing the launch of three new products, including YoungStar & ...

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