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As On 08-Dec-2022 14:04 PM
SENSEX
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  • Bharti AXA Life Insurance total collected premium rises 14%


    Bharti AXA Life Insurance on Thursday reported around 14% growth in its total collected premium to Rs 2,602 crore for FY22, compared with Rs 2,281 crore in the previous financial year.

    Renewal premium for the life insurer grew 11% YoY to Rs 1,666 crore for FY22.

    “Despite the challenging macroeconomic environment, the company recorded a surge of 18% in its asset under management to Rs 11,025 crore in FY22, against Rs 9,374 crore in the last fiscal,” a release said.

    Commenting on the annual business performance, Parag Raja, MD and CEO, Bharti AXA Life Insurance, said its focus on strategic bancassurance partnerships, industry collaborations and tie-ups, and product innovation fuelled growth, despite the Covid-induced headwinds in the first quarter of the last financial year. “We continue to remain optimistic about the industry's growth potential, especially with the heightened demand for life insurance in the past year,” Raja said.




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Flash News 08-Dec-2022
  •  ( 13:08) Kalyan Jewellers to expand retail footprint by over 30% in CY23  
  •  ( 12:34) Barometers turn range bound; Nifty hovers below 18,600; VIX down 1.91%  
  •  ( 12:09) Dredging Corporation bags reclamation dredging contract from NRL  
  •  ( 11:53) Talbros Automotive bags order worth Rs 60 crore  
  •  ( 11:13) Sun Pharma Gujarat plant gets import alert from USFDA  
  •  ( 11:09) Macrotech Developers launches QIP issue  
  •  ( 10:22) Dharmaj Crop Guard lists at Rs 266 v/s IPO price Rs 237  
  •  ( 10:12) Tvs Motor arm acquires entire stake in German co  
  •  ( 09:54) JSW Steel crude steel production jumps 16% YoY in November  
  •  ( 09:50) Eveready Inds appoints Bibek Agarwala as CFO  
  •  ( 09:39) HCL Tech tie-up with Intel and Mavenir to deliver 5G enterprise solutions  
  •  ( 09:30) Market breadth strong  
  •  ( 09:30) Barometers trade with minor cuts  
  •  ( 08:38) Most Asian stocks trading lower  
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08 December 2022 14:01
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