Liberty Videocon hopes to meet business target by March

MUMBAI: Private sector general insurer Liberty Videocon is confident of achieving its initial target of Rs 120 crore in the first year of operations on the back of growth in motor and commercial verticals, a top company official said here today.  "Our target for this fiscal, which is the first year of our operations, is Rs 120 crore. We have already collected a premium of around Rs 65 crore as of now, which is in line with our initial target," Chief Executive Officer of Liberty Videocon General Insurance, Roopam Asthana, told PTI in an interaction here. The new entrant to the general insurance industry said around 70 per cent of premium was collected from its retail business, while rest 30 per cent is from commercial segments.  http://www.myallagents.com/Liberty-Videocon-hopes-to-meet-business-target-by-March/details.html