The Anil Ambani-led Reliance General Insurance Company
has registered its profit more than double to Rs 24.3 cr in the first quarter
of fiscal year 2014-15. During the period, the leading private general
insurance firm sold more than 10 lac policies.
In the first quarter that ended on June 30, 2014, the insurer's profit rose by 138% to Rs 24.3 crore from Rs 10.2 crore in the same period of previous year.
“While the industry is going through a phase of slow growth, we at Reliance General are trying to reach out to the under-insured population and businesses to sustain growth. We have one of the biggest agency strength which has helped us significantly,“ Reliance General Insurance Company Chief Executive Officer Mr. Rakesh Jain told reporters.
The insurer registered its first full-year net profit at Rs 64 crore for the last fiscal year that ended on March 31, 2014.
In the first quarter that ended on June 30, 2014, the insurer's profit rose by 138% to Rs 24.3 crore from Rs 10.2 crore in the same period of previous year.
“While the industry is going through a phase of slow growth, we at Reliance General are trying to reach out to the under-insured population and businesses to sustain growth. We have one of the biggest agency strength which has helped us significantly,“ Reliance General Insurance Company Chief Executive Officer Mr. Rakesh Jain told reporters.
The insurer registered its first full-year net profit at Rs 64 crore for the last fiscal year that ended on March 31, 2014.
Source: http://www.insuringindia.com/
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