Oriental Insurance shows growth
Puducherry, Mar 5 (UNI) A V Girijakumar, Chairman and Managing Director of Oriental India Insurance has said that ahead of the merger of the three insurance companies, Oriental India Insurance Company is growing at the rate of 14.36 per cent in the current financial year.
Talking to news persons here on Monday evening, he said this is higher than market growth of 13 per cent. As on February 2019, the company has done a business of Rs 11,680 crores as compared to a total premium of Rs 11,737 crore done in 2017-2018, he said and added that the company will cross the figures.
The insurance sector was growing steadily with a total business of 1,50,000 crores, said Girijakumar who addressed a CMD’s club members and agents meet at Puducherry on Monday. The growth is significant in health insurance and crop insurance .
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
