National Insurance Company expects income to grow by 30%

Kolkata: National Insurance Company Ltd aims to grow its premium income by 30 per cent this financial year.

"While the premium income of National Insurance grew by 15 per cent, those of the other three public general insurers grew by a mere 2-3 per cent in the year ended March 2003. We aim to grow by 30 per cent this year," says S Majumder, general manger, National Insurance.

Four months into the new financial year, the company has clocked a premium income of Rs 1,127 crore, registering a growth of 15.5 per cent over the corresponding period of the previous year.

For the year ended March 2003, the premium collection had totalled to Rs 2,907 crore, with a large chunk coming from personal line of insurance products and auto insurance.