ING Life India, part of the ING Group, has posted a profit Rs 7 crore in the March quarter of 2010-11. The profit made in the March quarter has helped the life insurer reduce its full year losses to Rs 70 crore, half of what was in 2009-10.
The company aims to grow its premium income by 17% to Rs 2,000 crore in the current financial year (2011-12).
Kshitij Jain, MD & CEO, ING Life India said: ‘Our results have come at a time when the industry has seen steep decline in new business. The good results have been achieved because of our sharp focus on building efficiency, offering balanced product portfolio and keeping strong check on our costs.’
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app