The city based non-life insurer Royal Sundaram Alliance
Insurance Company hopes to close this fiscal with a premium
income of Rs.270 crore and a net profit of Rs. 7 crore.
the nine months ended December 31,2003, the company has
posted a premium income of Rs.187 crore and a net profit
of Rs.5 crore.
terms of business mix, personal insurance premium accounted
for Rs.98 crore while the balance Rs.89 crore is from
commercial lines of business. Motor insurance accounted
for 50 per cent of the total business, followed by fire,
engineering, personal accident, transit and health insurance
the third quarter the company added two more bancassurance
partners Lakshmi Vilas Bank and ING Vysya. The
company has a 900 strong agency force and a network of