Description : Corporate Date : Aug-04-2010 For the quarter ending June 2010, the Birla Sun Life Insurance (BSLI) netted a profit of around INR 9 crore. This was the first time that the company reported profits, since the time of its commencement. Last year the company reported a loss of around INR 111 crore. The statement issued by the company said, "Driven by the growing size of in-force book, BSLI achieved a net profit of Rs 9 crore." In addition to this, between April 2010 and June 2010 the company witnessed a growth of around 18% in the total premium income. The total premium income reached around INR 1,143 crore during the same period. Also, during the same period the income from new business premiums reached INR 473 crore, representing a growth of around 7%. Also, the income from the asset management grew by around 44% to reach INR 16,841 Crore during Q1 FY 2011 up from around INR 11,670 crore in Q1 FY 2010. Established in 2000, Birla Sun Life Insurance Com
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