IDBI Fortis Life Insurance Company, one of the recent entrants into the private sector is carving a niche for itself. Mr G V Nageswara Rao, its Managing Director and Chief Executive Officer, spoke to K Nitya Kalyani of Premium about the growth of the industry in India, customer needs, pensions and a host of other issues.

Health premium grows 23 per cent to Rs 6,090.38 crore in April 2008 to March 2009 from Rs 4,960.09 crore during the same period in 2007-08.

Individual Non-Single Premium policies contribute 51 per cent of total premium in the period April 2008 to March 2009 compared to 53 per cent in the same period in 2007-08.