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Growth in new premium business for Max New York life insurance

In the fiscal year 2007-08, Max New York Life Insurance (MNYL) has achieved 74 per cent growth in the new premium business.

Apnainsurance.com Research Bureau

29 Apr 2008

In the fiscal year, 2007-08 Max New York Life Insurance (MNYL) has achieved 74 per cent growth in the new premium business. The new premium business collections were Rs.1, 598 crore compared to Rs.920 crore of the previous fiscal year. These figures were attained because of the unit-linked insurance plans (ULIP). ULIP contributed around 78 per cent of the company's business. The growth rate for the quarter ended March 2008 was almost 90 per cent.



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