Meltdown hits HDFC Life growth to 22%

The economic meltdown has affected the growth of one of the leading insurers, HDFC Standard Life Insurance Company Ltd. The company would be growing by only 20-22% in 2008-09 as against 50-80% in other fiscals. The meltdown has definitely affected our growth but has not stopped it. In 2007-08, our total premium income was around Rs 2,800 crore and in 2008-09, it would be around Rs 3,500 crore, said Frederick D Souza, senior vice-president, health. At the launch of the company s second health insurance product, SurgiCare, in the city on Thursday, he said customers should be made aware of health products ...

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