Reliance Life Insurance net profit soars in Q2

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 aims over 25 per cent growth in new business premium

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