Private sector insurer IDBI Fortis Life Insurance, which started its business last year, today said it expects to break even by 2015."We aim to break even in the next seven years (of operation)," IDBI Fortis Life Insurance Managing Director and CEO G V Nageswara Rao told reporters here, launching a guaranteed income product. The company invested Rs 250 crore in March this year, taking its paid up capital...
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Private sector insurer IDBI Fortis Life Insurance today said it plans to enter the group and health insurance portfolios.The company currently offers services in wealth, home, bond and micro-insurance."We are working on the health and group insurance currently. It may not be launched this fiscal..it may take some time", IDBI Fortis Life Insurance Company National-Head (Marketing) Amish Tripathi told...
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IDBI Fortis Life Insurance, which started its business last year, today said it expects to break even by 2015. "We aim to break even in the next seven years (of operation)," IDBI Fortis Life Insurance managing director and CEO G V Nageswara Rao told reporters here, launching a guaranteed income product. The company invested Rs 250 crore in March this year, taking its paid up capital to Rs 450 crore....
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KOLKATA: Fortis Healthcare, India’s second largest healthcare service provider, plans to come up with a new model of healthcare delivery for Tier II and III towns. It intends to set up smaller hospitals with a capacity for upto 200 beds, which will provide treatment at nearly 50% less cost than in the present facilities. To ensure viability of the model, Fortis is also looking at halving the investment...
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Belgian insurance group Fortis has reported a profit for the third quarter of the year.It made net profits of 196m euros ($293m; £177m), with all divisions contributing, and said revenues in 2009 would at least match last year's.But it became one of Europe's largest victims of the global financial crisis - and the company was broken up after being rescued by the government.Fortis' problems started...
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KOLKATA: Fortis Healthcare, India’s second-largest healthcare service provider, plans to come up with a new model of healthcare delivery for tier-II and-III towns. It intends to set up smaller hospitals with a capacity for up to 200 beds, which will provide treatment at nearly 50% less cost than in the present facilities. To ensure viability of the model, Fortis is also looking at halving the investment...
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IDBI Fortis Life Insurance today launched a plan which would provide an additional guaranteed income to the customers....
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Hospital chain FortisHealthcare on Tuesday said that the acquisition of ten hospitals from rivalWockhardt Hospitals for Rs 909 crore announced recently, will be completed byDecember and will start contributing to the financials from the next quarter.Fortis' net profit grew 23% to Rs 13 crore for the second quarterended September over the year ago period, driven by higher revenues from itslarger hospitals....
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PARIS:French bank BNP Paribas has surpassed analyst expectations by reporting a 45 percent increase in the third quarter net profit thanks to investment bankingearnings and after its acquisition of Belgian lender Fortis.Theeuro-zone's largest banking group said in a statement Thursday that it earned anet profit in the July to September quarter of euro1.3 billion compared witheuro901 million a year...
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IDBI Fortis Life Insurance Ltd expects premium incomes to rise over 74% in 2009-'10, a top official said on Wednesday.IDBI Fortis is a joint venture between Belgian insurance group Fortis and Indian banks IDBI Bank and Federal Bank."In the first half of the year (fiscal) we have seen a 74-per cent rise in premium incomes. We expect a similar trend to continue in the next half," said GV Nageswara Rao,...
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