IDBI Federal aiming at 70 pct growth in premium

IDBI Federal Life Insurance said it is aiming at a 70 per cent growth in total premium collections during the current fiscal. Established in March, 2008, IDBI Federal Life had recorded a total business premium of Rs 400 crore in the 2009-10 financial year. Our premium income during the April-August period grew by 70 per cent to Rs 251 crore. We are hoping to close the fiscal with a similar growth in premium income, IDBI Federal MD and CEO G V Nageswara Rao said. The company also plans to come with one new product in both the ULIP and traditional ...

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