Royal Sundaram sees 40% growth
Financial Express, 31 December, 2005
Place : Chennai
Buoyed by the increasing demand from the motor, property, fire and health insurance products, non-life insurance company Royal Sundaram Alliance Insurance Ltd is looking at a healthy growth of around 40% during the current fiscal as against 28% during 2004 fiscal.
The company, which has underwritten Rs 335 crore worth premium during 2004 fiscal, is targeting Rs 475 crore worth premiums during the current fiscal, said the company''s managing director Antony Jacob.
"Towards this, the company has proposed to introduce various products under motor, health, property to give a wider choice to the public," he said.