The company’s life fund had grown 21 per cent to 14.4 billion rupees by end-2006.
We are satisfied with the growth achieved, particularly in the context of the ever increasing levels of competition in the market," Ceylinco Life’s Chief Executive Director R. Renganathan said in a statement.
"The momentum we have built up as the market leader and our commitment to continuous improvement in all spheres of activity enabled Ceylinco Insurance reinforce its market share in 2006, despite the challenging environment.
Renganathan said the firm had opened new branches in areas that they believed were under-serviced last year.
The company had sta