Puducherry, Mar 5 : 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 and crop insurance . UNI