Bharti AXA Insurance posts Rs 3-mn profit in H1 after 10 years of operation

There was overall growth across all product segments such as health insurance, personal accident and travel, and commercial products and crop insurance

Bharti AXA General Insurance posted a net profit of Rs 3 million for the half-year ending September 30, 2018, as against a loss of Rs 593 million in the first half of the previous financial year. This is the maiden net profit for the company as of the first-half of FY2019 since it began operations in 2008.    

Gross written premiums have increased 38 per cent to Rs 10.87 billion for H1 FY2019, as against Rs 7.88 billion in H1 FY2018. 

Sanjeev Srinivasan, managing director and chief executive officer of Bharti AXA General Insurance, said, "We are focused on building sufficient