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Pak media hails resumption of Indo-Pak talks
Hailing the decision of the two neighbouring countries to resume dialogue, the Pakistan media today said credit must go to both sides for "seizing the moment and breaking the impasse" and that they should build on the "breakthrough" achieved in the meeting between the two Prime Ministers.

Tanla calls off city expansion plans
Tanla Solutions Limited, a city-based telecommunications software and services provider, has called off its plans to set up a new development centre in Hyderabad and a backup/ disaster recovery centre in Bangalore. The company had earmarked Rs 77.26 crore and Rs 12.78 crore respectively for its Hyderabad and Bangalore expansion.

News of the day

Banking disrupted as employees go on strike over merger
Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said.
Home Business

ING Life eyes 60 per cent growth in renewal premium

ING Life Insurance is expecting a 60 per cent growth in renewal premiums during this fiscal. - ING Life eyes 60% growth in renewal premium - ING Life, Suvidhaa to roll out over 700 renewal collection outlets in Guj To achieve this, the company is conducting policy revival campaigns apart from creating alternative facilities for collection of renewal premiums, B Ashwin, chief operating officer, ING Life Insurance, told mediapersons here recently. Last fiscal, ING Life registered a growth of 65 per cent in renewal premium collections at Rs 753 crore compared with the preceding year. This year, it is targeting to collect around Rs 1,200 crore, he said. The company is also tying up with several organisations like e-Seva centres in Andhra Pradesh and post offices in Karnataka. “Of our total renewal premium collections, about 20 per cent is being generating for non branch locations. Our aim is to increase this to 25-30 per cent over the next 6-12 months,” the COO said. During the current financial year, the company is looking at Rs 850 crore new premium as against Rs 700 crore last fiscal.


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