New India Assurance eyes premium of Rs 14k crore

Against the backdrop of registering a higher growth rate than the industry, general insurance major New India Assurance is eyeing total premia of Rs 14,500 crore including from its global operations for 2013-14, a top official said on Friday. 

“We are growing at a rate of 15 per cent, higher than the market growth rate of 13 per cent. For 2013-14, the total premium is about Rs 14,500 crore. For 2014-15, we are looking at total premia of Rs 16,500 crore including our global operations,” New India Assurance (NIA) Chairman and Managing Director, G Srinivasan said. 

The company’s profit after tax for the third quarter ending December 31, 2013 at Rs 701 crore up by 36 per cent on a year-on-year basis.

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