During the first nine months, individual business grew by 14 per cent (Rs 1053 crore) and renewal premium by 22 per cent (Rs 2464 crore).
Talking to reporters at a product launch here on Wednesday, Sehgal said gross weighted premium stood at Rs 5567 crore in the first nine months.
He said that the new ULIP product positioned as a retirement plan with life cover would return mortality charges at periodic intervals.
Bajaj Life aims at targeting the number game by launching this product.
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