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Aditya Birla Sun Life plans to double its business by FY-27

Aditya Birla Sun Life plans to double its business by FY-27
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Kamlesh Rao: Aim is to double individual first-year premiums in 3 yrs

Currently, our individual first premium would be in the Rs 3,000-Rs 3,200 crore range. We want to take that to about Rs 6,000 crore in three years.

Our business from policies above Rs 5 lakh is down by 10%: Kamlesh Rao, Aditya Birla Sun Life Insurance

"The business from policies with premiums higher than Rs 5 lakh is down by an absolute 10%. The number of policies has grown by 20% and we have lost the contribution from plans above Rs 5 lakh by 10%. So, our business for the first nine months was 10%," said Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance.

Policyholders exiting long-term plans early will lead to asset-liability management issues, MTM losses for insurers, says Aditya Birla Sunlife CEO

There must be provisions against mis-selling – for instance, measures to say that a 10-year premium payment policy cannot be sold to someone over the age of 60 years. If there is mis-selling, then there should be a mechanism to give the entire premium back to policyholders, says Kamlesh Rao, MD and CEO, Aditya Birla Sunlife Insurance. Tune into Simply Save for details.

Music is in the Air at Rancho Sans Souci

Music is in the Air at Rancho Sans Souci
eichlernetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eichlernetwork.com Daily Mail and Mail on Sunday newspapers.

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