 "IndiaFirst gets Rs 150-cr capital infusion")
Private insurer IndiaFirst Life Insurance is eyeing 20% jump in new retail premium income to Rs 7 billion in the current financial year.
During 2016-17 and 2017-18, its new business retail premium mop up stood at about Rs 4 billion and Rs 5.75 billion respectively. “We are looking at 20% growth in our new retail premium income during 2018-19,” IndiaFirst Life deputy CEO Rushabh Gandhi told Business Standard here.
Last fiscal, the new age life insurer had issued roughly 185,000 policies compared to 126,000 policies during 2016-17. Currently, its asset under management (AUM) stands at almost Rs 130 billion, he
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