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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  September 30.
The private sector insurer also saw its total funds under management grow by 16 per cent in the second quarter of current  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  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