ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Mahindra & Mahindra stock hits 52-week high as brokerages bullish on counter post Scorpio-N launch; check target prices
  • GST Council meet begins today: Know agendas of Finance Minister Nirmala Sitharaman's led two-day meeting
  • Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates
  • Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages
  • Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here
Read in App
Business News » Companies News

Bharti AXA Life new business premium rises 25% in FY19

Private insurer Bharti AXA Life Insurance on Monday said its new business premium increased 25 per cent growth at Rs 911 crore in the financial year 2018-19 against Rs 731 crore in the previous fiscal.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bharti AXA Life new business premium rises 25% in FY19
Private insurer Bharti AXA Life Insurance on Monday said its new business premium increased 25 per cent growth at Rs 911 crore in the financial year 2018-19 against Rs 731 crore in the previous fiscal.

Private insurer Bharti AXA Life Insurance on Monday said its new business premium increased 25 per cent growth at Rs 911 crore in the financial year 2018-19 against Rs 731 crore in the previous fiscal. Its annualized new business premium rose 31 per cent to Rs 640 crore in the financial year ended March 31, 2019, from Rs 489 crore in 2017-18. The company registered a 22 per cent growth in its renewal premium to Rs 1,164 crore in FY 2018-19, as compared to Rs 954 crore in the previous fiscal.

Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and French insurance company AXA, said its total premium grew 23 per cent to Rs 2,076 crore in the fiscal year ended March 2019 from Rs 1,684 crore in the previous fiscal. "The overall growth was driven by both higher new business as well as healthy renewal collections in the last fiscal," said Vikas Seth, Managing Director and Chief Executive Officer, Bharti AXA Life Insurance. Asset under management of the company witnessed an increase of 27 per cent from Rs 4,496 crore in 2017-18 to Rs 5,699 crore as on March 31, 2019.

The company set up 50 new branches during the year, taking its distribution network to 236 branches across the country . Bharti AXA Life Insurance took its net advisor force by 10,750 to 39,400 agents in the financial year ended March 31, 2019, higher by 38 per cent on a year on year basis.

Seth said: "As part of our aggressive expansion drive to strengthen operation and enhance distribution footprint in the country, we increased our advisor base and branch count in the last financial year with a view to creating a large pool of productive agents and reaching out to every nook and corner of the country." He said the company has a big expansion plans in the current financial year in terms of recruitment of fresh advisors and setting up of more branches for new customer and business acquisition. It will further strengthen its agency model for selling various insurance products and servicing customers efficiently.

"Apart from focussing on quality business and sustainable growth with an emphasis on protection and saving segments, we will continue to strengthen digital and data analytics deployments for providing the best value proposition to our customers and efficiency in our operations," he added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bharti AXA Life Insurance
Written By: IANS
Updated: Mon, Jun 03, 2019
06:03 pm
New Delhi, IANS
RELATED NEWS
Bharti Axa Life Insurance launches Guaranteed Wealth Pro plan offering tax-free income - See pay-out options, benefits and more Bharti Axa Life Insurance launches Guaranteed Wealth Pro plan offering tax-free income - See pay-out options, benefits and more
Bharti Axa Life settles Rs 106 crore as Covid-related claims Bharti Axa Life settles Rs 106 crore as Covid-related claims
Bharti AXA Life H1FY22 Results: Posts 33% growth in weighted new biz premium Bharti AXA Life H1FY22 Results: Posts 33% growth in weighted new biz premium
Bharti AXA Life Unnati launched - Savings product with guaranteed income; life cover till age 100 years - Check plan options Bharti AXA Life Unnati launched - Savings product with guaranteed income; life cover till age 100 years - Check plan options
D-Street Voice: Auto sector could potentially turn out to be the dark horse of FY22: Rahul Bhuskute of Bharti AXA Life Insurance D-Street Voice: Auto sector could potentially turn out to be the dark horse of FY22: Rahul Bhuskute of Bharti AXA Life Insurance

LATEST NEWS

Poco F4 5G vs iQOO Neo 6 5G: Which one to buy? Check comparison - price and full specifications

47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet

Buy, Sell or Hold: What should investors do with Strides Pharma, MRPL and IEX shares?

How rising crude oil prices, falling Rupee impact stock market? Anil Singhvi decodes

Indian cyber agency warns users of more bugs in Cisco products

Crude oil prices take a breather after three-day rally

Samsung Galaxy S23 series may not come with this feature - Check details

DCGI approves Serum Institute's indigenous mRNA Covid jab Covovax for emergency use between 7-11 years

Dell unveils its latest commercial laptops in India

Apple iPhone 14 series launch: Check latest updates - expected release date, price, specifications and more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV