Cholamandalam General Insurance Company Ltd (CGICL) expects to earn over Rs 100 crore premium income for the year to March 31, 2004.
It expects a bulk of these revenues to come from property and motor insurance portfolios.
Arun Agarwal, chief executive officer, CGICL, said the motor insurance portfolio accounted for 20 per cent of the total premium income earned by the company in the first six months of its operations.
CGICL kicked off operations in October last year and has so far earned Rs 15 crore as premium income. It has sold around 25,000 general insurance policies in the period.
