New India Assurance Targets 12% Growth For FY25, Shifts Focus To Retail Amid Rising Claims | ET Now
Автор: ET Now
Загружено: 2024-08-12
Просмотров: 2199
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In an interaction with ET Now, Girija Subramanian, CMD of New India Assurance, shared insights on the company's strategy for FY25. Despite a muted 3.74% premium growth in Q1, the firm aims for a 12% growth target. Key focus areas include shifting from corporate to retail business, phasing out loss-making GMC, and addressing challenges in the Motor TP segment. With inflation rising and claims increasing, especially in government health schemes, the company is implementing annual price hikes and targeting a combined ratio below 110. A recent GST clarification on coinsurance has also provided significant relief.
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