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Sunday, July 26, 2009
Birla sunlife Insurance business has grown by 305% in 2008-2009
* Achieved first year weighted annualized premium of Rs. 2,959 crore, as against Rs. 2,205 crore in the previous year
o a growth of over 34%
o improved market share to 4.3%, from 2.9% in FY08 and grew market share to 8.5% from 6.6% amongst private sector players
o ranked number 5 amongst private sector players
o among the fastest growing life insurance companies in 2008-09
* Total premium revenue growth of 37% to Rs. 4,414 crore from Rs. 3,223 crore last year
* Launched 5 new products in individual life segment to widen the customer offering
o penetrated new segments such as Pension, Health and Traditional
* A substantial growth in customer contact points
o number of branches have grown to 600 from 339 last year
o number of advisors grew to over 1,65,000 from 1,15,000 in March 2008.
* All the funds have beaten benchmarks
* The AUM reached an all time high, close to Rs 10,000 crores
* The company has an enviable zero outstanding claims ratio
· Emerged as only one of two life insurance companies in the top 10 to have shown YOY growth in each month of 2008-09
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1 comment:
This grrowth showes the acceptence of the Bsli product to the masses.
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