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Max Life targets around 15% growth in new premium

In the last three quarters, the private insurer had registered about 13% growth in business

January 24, 2014 4:55 IST | India Infoline News Service
Max Life Insurance on Wednesday said it is aiming for around 15% growth in new premium for 2013-14, according to a media report.

In the last three quarters, the private insurer had registered about 13% growth in business. In 2012-13 new premium income was close to Rs. 18 billion.

In H1 FY14, the company's profit before tax growth was 3% over the corresponding period of year before. The insurer would launch more products and currently has an active portfolio of 14 with the riders of three ULIPs, the report added.

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