Reliance Life new business income grows 56%

Feb 23 2014, 15:25 IST
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SummaryLeading private insurer Reliance Life Insurance has recorded a 56 per cent surge in its new business premium income in the first nine months of this fiscal and expects further growth in the current quarter.

pave the way for sustainable growth of the industry in the long-term.

"However, in the short-to-medium term, the industry will have to go through the pains of adjustment. It is a challenging time not just for the life insurance industry but also the economy.

"If you look at the number of uninsured and under-insured in the country, the long-term perspective is very positive. We are confident of a sustained profitable growth for the company in the year ahead."

Reliance Life, a leading player with private sector market share of 6 per cent, has launched over two dozen new and revised products (as per new regulatory guidelines) since January 1, 2014.

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