Max New York Life Insurance, today announced it First Year Premium (FYP) income for financial year ended March 2008. During the year the company has recorded a growth of 70% in individual first year premium adjusted for single pay. The adjusted individual FYP for FY 2008 stood at Rs.1,308 crore as compared to Rs.769 crore during previous financial year.
During the year under review, the company has sold 8.7 lakh policies, an increase of 58% over 5.5 lakh policies sold during financial year 2007. The company has acquired around 23 lakh policies since inception.
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