Your gross direct premium income (GDPI) till November was ₹3,622 crore. What is your projection for FY25 based on the current growth rate?
Last year, we closed with ₹4,622 crore GDPI. For FY25, we expect a GDPI base of ₹5,060 crore. Motor insurance will contribute around 46%, crop insurance 25% and health 17%. Commercial lines comprising fire, marine, and miscellaneous insurance will have a 12% contribution.
Aren't you highly concentrated on a single segment—motor insurance?
Initially, Universal Sompo focused heavily on crop insurance, which at one point accounted for 70% of our total premium portfolio. About four and a half years ago, we decided to diversify into other segments, including motor, health and commercial lines.
Esta historia es de la edición December 25, 2024 de Financial Express Delhi.
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Esta historia es de la edición December 25, 2024 de Financial Express Delhi.
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At the G, India up against Head-strong Australia
● In-form batter declared fit for Boxing Day Test
5 trains to run between Delhi and Kashmir
Heated coaches, airport-like security check
Noted Malayalam writer Vasudevan Nair dies
NOTED WRITER AND Jnanpith award winner M T Vasudevan Nair, who had been undergoing treatment at a private hospital in Kozhikode (Kerala) following heart failure, has passed away, hospital sources said on Wednesday. He was 91.
Despite rising volume, muted crude prices help lower oil import bill
THE SOFTENING IN global crude oil prices over recent months has resulted in India's oil import bill contracting on a year-on-year basis in September, October, and November, despite import volumes rising in each of these months, latest petroleum ministry data shows.
Heated coaches, airport-like security check
Heated coaches, airport-like security check
Prosperity through cooperation
The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
Office Leasing in Top Six Cities Hits Record: Report
WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.
The Angry Young Man
₹ impact on auto sector
Investors Get Good Exits in IPO Frenzy
A whopping ₹1.6 lakh crore has been mopped up in the primary market in 2024 by 90 firms, the highest so far in a year, topping the ₹1.19 lakh crore raised through IPOs in 2021 by 63 companies.
Impact on auto sector
However, the falling rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.
