Bharti Axa Life posted profit of Rs. 50 million

Bharti Axa life Insurance firm posted its first net profit of Rs 50 million for the year ended March 2018, as against a net loss of Rs 1.2 billion during the previous financial year.

The new premium has risen by 20 % from Rs 6 billion in FY17 to 7.3 Billion at the end of FY18, while renewal of premium has grown 21 % from Rs 7.8 billion in FY17 to Rs9.54 billion at the end of FY18.