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Birla Sun Life sees Rs 300 cr premium income in 2003-04

The company said it expects to close current fiscal with premium income of over Rs 300 cr as against Rs 151 cr in the last fiscal.

business Updated: Apr 02, 2004 13:00 IST
Press Trust of India
Press Trust of India

Birla Sun Life Insurance (BSLI) on Tuesday said it expected to close the current fiscal with premium income of more than Rs 300 crore as against Rs 151 crore in the last fiscal.

"We expect to close the current fiscal with the premium income of more than Rs 300 crore," its COO Peter Akers told reporters.

The company offered two policies -- retirement plan and single premium bond through Internet and it formed less than one per cent of the current sales, he said.

Lot of policies on Internet were being sold in hi-tech cities like Bangalore and the company had plans to offer other policies on the Net.

Akers said in a recent survey across the Sun Life Financial Asia, BSLI has emerged as 'best in Asia' on several parameters related to new business processing and business administration.

"The processing achievements have enabled BSLI to achieve strong operational cost efficiencies which will contribute towards faster breakevens," he said.

BSLI has also received a thumbs-up from its customers in its recently concluded annual customer satisfaction study among policyholders, he said, adding the company crossed a milestone recently of two lakh policies for individual life.

First Published: Mar 16, 2004 18:18 IST