Pvt insurance cos target growth with new strategies

After witnessing a downturn in their business in 2008-09, private sector life insurers are now targeting growth for 2009-10 with a set of new strategies. SBI Life MD and CEO US Roy said, It is true that customers are not investing due to the slowdown. In fact, this why we are likely to close 2008-09 with a total premium growth of not more than 20-25% compared with a growth of 90% a year ago. We are hopeful to achieve the same growth during the current fiscal. In new business premium, the second largest private sector company is likely to touch ...

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