Reliance Nippon Life's new business up 3% at Rs 169 cr in Q2

Image
Press Trust of India New Delhi
Last Updated : Oct 24 2017 | 3:48 PM IST
Reliance Nippon Life Insurance, a subsidiary of Reliance Capital, today said it has registered 3 per cent rise in new business to Rs 169 crore for the quarter ended September.
Assets under Management rose by 11 per cent to Rs 17,983 crore at the end of second quarter, Reliance Nippon Life Insurance said in a statement.
Individual weighted received premium rose by 4 per cent to Rs 165 crore during the quarter.
Embedded value of the company rose to Rs 3,147 crore as against Rs 3,047 crore in the same quarter a year ago.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2017 | 3:48 PM IST

Next Story