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Bharti Axa General Insurance premium income up 38% to Rs 3,157 cr in FY20

Commercial lines segment focused on SME and MSME to grow by 49% at Rs 430 crore in the year ended March 31 against Rs 289 crore in the corresponding fiscal a year earlier

Photo: Reuters
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The corporate channel increased by 25 per cent in its revenue to Rs 368 crore from Rs 294 crore in 2018-19

ANI
Bharti Axa General Insurance said on Monday its gross written premium surged to Rs 3,157 crore during the financial year 2019-20, up 38 per cent over Rs 2,285 crore in 2018-19.

Driven by crop, commercial lines, motor and health insurance, all product segments witnessed double-digit growth. Crop insurance grew by 59 per cent to Rs 828 crore in the last financial year from Rs 519 crore in 2018-19.

Commercial lines segment focused on SME and MSME to grow by 49 per cent at Rs 430 crore in the year ended March 31 against Rs 289 crore in the corresponding fiscal

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First Published: Jun 15 2020 | 3:24 PM IST

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