Bharti AXA Life Insurance, is looking at doubling its new business premium by the end of the current fiscal. Talking to reporters on the sidelines of the launch of ?Guarantee builder?, a Ulip product, in Mumbai on Wednesday, Nitin Chopra, CEO, Bharati AXA Life Insurance, said ?We have set a target for doubling our new business premium from the mark of Rs 293 crore as achieved by our company at the end of the fiscal 2008-09. Similarly, the total revenue of the company, which was at Rs 360 crore as on March 31, 2009, was likely to grow two and half times to Rs 1,000 crore by the end of the fiscal.”
The company, which is having the capital base of Rs 850 crore at the end of the last fiscal, has plans to infuse the capital worth Rs 100 crore during the second quarter of the current fiscal alone. The company has already infused capital worth Rs 100 crore so far during the current fiscal year.
