Birla Sun Life finishes one year in business
By Our Banking Bureau | 27 May 2002
Mumbai: Birla Sun Life has crossed the one-year milestone since commencing its operations. The company has sold over 20,000 policies with a total sum assured of Rs 1,600 crore, earning an average premium of Rs 15,000 per policy.
The company had singled out the top three income segments for its individual life business and the top corporates for its group business.
Retaining its focus on investment-linked insurance products, the company has been able to garner annualised investment returns of 9.03 per cent for the protector option (low risk), 12.37 per cent for the builder option (medium risk) and 20.24 per cent for the high-risk enhancer option. These returns are net of investment management fees.