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

1 comment:

Unknown said...

This grrowth showes the acceptence of the Bsli product to the masses.