Chennai: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, has said the company registered 17 per cent growth in its renewal premium to Rs 1,359 core for the year ended 31 March, 2020, against Rs 1,164 crore in the last financial year 2018-19.
The total premium income grew 5 per cent to Rs 2,187 crore in the financial year 2019-20 from Rs 2,076 crore in 2018-19.
The company said its new business premium income stood at Rs.829 crore in the financial year 2019-20, as compared to Rs. 911 crore in the corresponding fiscal period a year ago.
Asset under management witnessed a surge of 21 per cent to Rs, 6,902 crore in for the year ended 31 March, 2020, from Rs 5,699 crore as on 31 March.