Nov. 5, 2009 (The Hindu Business Line) --

The company is targeting to achieve a gross written premium (GWP) of Rs 230 crore by this fiscal-end.

In the April-September period, the company’s GWP was at Rs 96 crore.

The company’s focus will be on expanding its retail business. “Retail business constitutes around 60 per cent of our total business. We plan to increase it 65 per cent,” Mr Chua said, on the sidelines of a press meet.

Bharti Axa (NYSE:AXA) is planning to almost double its branch strength from 55 to 100 by March 2010. It is also scouting for bancassurance partners to expand its network. At present, the company has no bancassurance partner.

The general insurer leverages the outlets of Airtel for sale of policies.

“At present, around 2-3 per cent of the total policies are sold through Airtel outlets. We plan to increase this to 15-20 per cent,” Mr Chua added.