Larsen & Toubro Ltd.

L&T General Insurance Company Limited, a fully owned subsidiary of engineering construction major Larsen and Toubro (L&T), has set a premium collection target of Rs 1000 crore over the next five years. The latest entrant into the country's general insurance sector, which has rolled out 10 products, aims to break even in the next 5-7 years.

The insurance company has been started with an investment of Rs 175 crore and is eyeing a premium collection of Rs 1000 crore over the next five years and expects to break even in 5-7 years. The company has already rolled out 10 insurance products right from the first day of launch and by March 2011, and should be having 25-30 products.crackcrack