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Tata AIA Life expects total premium income to cross Rs 14,000 crore in FY22: CEO Naveen Tahilyani

The industry growth for the first 10 months of the year has been about 20 per cent mainly because of the base effect and if you look at the growth of the company, it is about 32 per cent on weighted new business premium, Naveen Tahilyani, MD & CEO, Tata AIA Life Insurance Co Ltd, told told PTI in an interaction.

March 28, 2022 / 01:31 PM IST

Tata AIA Life Insurance’s total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said.

The industry growth for the first 10 months of the year has been about 20 per cent mainly because of the base effect and if you look at the growth of the company, it is about 32 per cent on weighted new business premium, Naveen Tahilyani, MD & CEO, Tata AIA Life Insurance Co Ltd, told told PTI in an interaction.

The life insurer had earned a total premium income of Rs 11,105.09 crore in 2020-21.

“We grew at 32 per cent in the first nine months of this fiscal and close to 40 per cent in the first ten months of the year. So, I expect to close the year with about 35 per cent business growth in new business premium and about 30 per cent growth in total premium. Our total premium should certainly cross Rs 14,000 crore this year,” Tahilyani said.