Reliance posts promising resultsReliance General Insurance Company Ltd. has collected total of premium Rs. 1,946 crore, a growth of 113% prior to this year.
Apnainsurance.com Research Bureau
12 Sep 2008
Reliance General Insurance Company Ltd. has collected a total of premium Rs. 1,946 crore, a growth of 113 per cent as against the previoius year.
The company has collected over Rs. 1,000 crore in its total premium against Rs. 912 crore last year. As the growth is more than 100 per cent, the company nearly doubled its market share from four per cent to seven per cent. The industry has collected a total premium of Rs 2,824 crore till February and out of which Reliance General Insurance alone contributed about 36 per cent.
During the year, the company added 115 branches and the personnel strength has increased to over 3,000.
The company has issued over 36 lakh policies against 14 lakh policies a year ago.