We manage the risks better and with whatever processes and controls we have put in place, we are covering our mortality expenses with what we collect from customers
Its renewal premium during the period under review rose four per cent to Rs 7.92 billion
Reliance Nippon Life Insurance Company today said its total premium grew by 8 per cent to Rs 755 crore in April-June quarter compared to the year-ago period. The company said it had assets under management of Rs 19,335 crore as on June 30 this year, up 11 per cent from same period a year ago. Its renewal premium during the period under review rose by 6 per cent to Rs 552 crore. "Our journey of quality and profitability continues with the rise in persistency as well as NBAP (new business achieved profit), led by origination control and, systemic process enhancements towards customer engagement. "In this path of transformation, digital will continue to play an important role and our target is to improve the qualitative parameters further, and thereby grow the embedded value," said Ashish Vohra, ED & CEO, Reliance Nippon Life Insurance. Reliance Nippon Life Insurance Company is a private sector life insurance company promoted by Anil Ambani Group-led Reliance Capital.
The present value of the future business on Sep 30 touched Rs 3,147 cr up from Rs 3,047 cr
Ashish Vohra, CEO said listing of the private life insurance co would happen in FY18
Insurer to ramp up advisors' network to 25,000 from 15,000 at present
Total Premium was up by 12per cent and Renewal Premium growing by 12 per cent during the last fiscal
Reliance Nippon Life Insurance on Friday launched its new product 'Increasing Money Back Plan'