Next 3-4 years to be good for private insurers

Jun 07 2014, 09:45 IST
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SummaryDespite being a new entrant in the life insurance space, Edelweiss Tokio Life Insurance is poised...

We are at about 58 offices now, but a reasonable number should be 100-150 offices. Also there is a wealth of knowledge exists in established firms due to failed experiments, which we don't have.

What is your outlook for the year?

Last year we did an annual premium of about Rs 80-85 crore and a total premium of Rs 100-110 crore. This year we are looking to cross annual premium of Rs 100 crore. We will make ourselves relatively well known in the alternative distribution space, specially in the broker-led space. We are at about 58 branches now and this year we will spend in consolidating whatever we have grown in the past. We will surely add four or five branches, but there will be consolidation and improvement of our processes.

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