Online edition of India's National Newspaper
Friday, Dec 03, 2010
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

Bharti AXA General Insurance to expand

Corporate Reporter



Kimsoon Chua

CHENNAI: Bharti AXA General Insurance is planning to expand its operations in Tier-II and Tier-III cities. Addressing presspersons here on Tuesday, Kimsoon Chua, Chief Operating Officer, said the rural and semi-urban markets offered good potential as these markets were largely untapped. The company was expanding in these markets by establishing points of presence outlets.

“Healthcare penetration in India is only 4 per cent which clearly shows that a large section of the society is underpenetrated and hence needs insurance cover”, he said. The company was already operating 122 points of presence across 115 cities employing more than 1,200 people and 3,000 agents, Mr. Chua said. The plan was to add another 100 points of presence next year, he said.

Bharti AXA's focus area was health insurance which had registered a compounded annual growth rate of 30 per cent.

The southern region contributed 27 per cent of the company's overall business with Tamil Nadu contributing 11 per cent.

Bharti AXA General Insurance offers a wide range of products covering health, motor, home as well as property and engineering, fire and marine insurance.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu