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Liberty Videocon General Insurance to tap bancassurance to boost growth

The company is looking at Rs 1,000 crore premium collections in next two years, says MD

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Gireesh Babu Chennai
Liberty Videocon General Insurance Company Limited, a joint venture between Videocon Industries and Liberty Citystate Holdings Pte Limited, part of US-headquartered multinational Liberty Mutual Insurance Group, is looking at a 40 per cent growth in gross written premium, and hopes to cross the Rs 1,000 crore mark by fiscal 2018-19. It is also planning to tie up with public sector banks for bancassurance, said a top management official from the company.

The company has posted a premium of Rs 370 crore during the last fiscal year and is expecting this to grow 48 per cent to Rs 550 crore by