Leading private sector insurer Reliance Life Insurance Company (RLIC) has recorded a four- fold jump in third quarter net profit to Rs 40 crore on the back of improved product portfolio and distribution base. Read more
Private sector non-life insurer Reliance General Insurance has reported a net profit of Rs. 160 million for the quarter ended December 31, 2012, against a loss of Rs. 340 million in the year-ago period. Read more
Helped by improved pricing and an expanded agent base, leading private sector non-life insurer Reliance General Insurance Company (RGIC) has posted a profit of Rs 16 crore for the quarter ended December 31, 2012, as against a loss of Rs 34 crore in the year-ago period. Read more
Reliance Life Insurance Company has posted an over three-fold surge in its net profit to Rs 31 crore for the quarter ended Â September 30.
The private sector insurer also saw its total funds under management grow by 16 per cent in the second quarter of current Â fiscal to Rs 19,417 crore, Reliance Life said in a statement. Read more
Reliance Life Insurance is targeting over 25 per cent growth in its new business premium at Rs 2,300 crore in the current fiscal, according to a senior Â official.
The company expects new business premium of Rs 2,300 crore in 2012-13, as against Rs 1,809 crore collected in the last fiscal. Read more