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cheapbag214s · Posted: Fri 3:47, 30 Aug 2013 Post subject: growth in premium this fiscal-spun5

growth in premium this fiscal,[link widoczny dla zalogowanych]
Public sector general insurer, New India Assurance is likely to post 18-20 percent gross premium growth in the current financial year, after reaching Rs 10,[link widoczny dla zalogowanych],000 crore mark last fiscal,[link widoczny dla zalogowanych], a high company official said on Thursday.
will maintain our leadership position. We hope to determine 18 -20 percent growth in premium in the present financial year, good industry growth projections, chairman and managing director (officiating) A R Sekar told PTI here.
The general insurer had reported a loss of Rs 412 crore the very first time since its inception in 2010 on account of around Rs 300 crore losses from foreign operations.
However,[link widoczny dla zalogowanych], the organization swiftly swung back the very next fiscal (2011 with Rs 179.4 crore profit.
On growth in various segments,[link widoczny dla zalogowanych], Sekar said, corporate and retail segments are witnessing sound growth rates. But,[link widoczny dla zalogowanych], development in retail is greater than other segments.
Any general insurance player who want to see rise in profit needs to focus on retail segment, he said.
About hike in premium in health,[link widoczny dla zalogowanych], fire and motor insurance,[link widoczny dla zalogowanych], Sekar said any rise is consumer which depends upon the danger attached.
New India reached a gross premium assortment of Rs 10,[link widoczny dla zalogowanych],074 crore in FY12. While Rs 8,543 crore was from domestic operations, Rs 1,[link widoczny dla zalogowanych],531 crore originated from overseas operations.
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