A unit of engineering and construction major Larsen & Turbo Group, L&T General Insurance plans to be bullish on its growth prospects the next financial year.

According to the data released by the Insurance Regulatory and Development Authority, L&T Insurance's premium collection soared by a whopping 12 times, or around 1,124 per cent, to Rs 124.46 crore during the April-February period compared to Rs 10.17 crore reported a year earlier.
Referring to the massive spike in premium collection, Roy said, 'going ahead, the premium collection in percentage term may be a little subdued due to increase in the base. But, we are witnessing business traction in all our portfolios.'
The company has set a target of collecting around Rs 1,000 crore in premium by the turn of FY16.
Source-Medindia