including recent additions like IDFC First Bank, Bank of Maharashtra, and Axis Bank. Business from Axis Bank is expected to pick up in H2FY25, and the three new partners are projected to contribute 10-15% of our topline this fiscal. In addition, business from our largest partner, HDFC Bank, has grown 35% year-on-year. We have also made some significant investments including agency and direct business. That will also help the premium growth on the proprietary side of the business.
FM and Irdai chairman recently urged banks to focus on core products rather than selling insurance. Will this impact your distribution strategy?
This story is from the December 17, 2024 edition of Financial Express Bengaluru.
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This story is from the December 17, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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