NEWS & ADVICE : AUTO INSURANCE
New India Assurance company profit increased by 36%
By Neelima Shankar
Feb 6, 2014
Print    Email    RSS   

One of the major insurance companies New India Assurance company recently reported the growth of 36% in its net profit. The company has earned nearly a profit of Rs 701 crore in the current fiscal year. The profit of the company is much more in comparison to the last year’s profit.

Managing Director of the company stated that the company is planning for the profit of Rs 1,000 crore by the end of March. The growth of the premium income declined by 7%. However the insurer’s premium business of the company increased by 16%, it grew form Rs7216 crore to Rs 8,337 crore. The operating ratio of the company declined to23.65% from 23.82%. Investment income increased from Rs 2,055 crore to Rs 2,344 crore that accounts for an increase of 14%.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Guide to get a an auto insurance claim...
Some New Ways to Save on Your Car...
Factors affecting car insurance premium
Kinds of auto insurance coverage
All about Vintage/Classic car insurance in...


How to check my balance
should i chang rejister number
i have rtn number, branch ifsc code, account number...
Kya mera ATM card aaya hai
how to change the contact number from old to new
HOW TO GET CIF NUMBER OF SBBJ

NEWS THIS WEEK
New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive