On Monday, Bharti AXA Life Insurance had reported a 33 per cent growth in its weighted new business premium to Rs 285 crore in the first half of FY2022 compared to Rs 214 crore in the year-ago period. The company recorded growth of 53 per cent in weighted new business premium in September 2021, a release said.

Its renewal premium grew by 8 per cent to Rs 645 crore in the April-September of FY2022 compared to Rs 594 crore in the year-ago period.

Total premium income grew moderately to Rs 1,024 crore in the April-September period of this fiscal from Rs 912 crore in the first six months of the last financial year.

“We have registered steady performance on many parameters and achieved one of the highest industry growth for our new business premium collection in the first six months of the current financial year, its Managing Director and Chief Executive Officer Parag Raja said in the release.

The insurer’s asset under management witnessed a strong growth of 28 per cent and has doubled over the past three years.