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Reliance Life Insurance is looking at a 10 per cent growth rate in the Kerala market this year through the sale of its different products.
The company in FY-14 had collected ₹44 crore as insurance premium from the state market with over 20,000 new policies issued in the region through 36 branch network locations and over 2,800 advisors, Manoranjan Sahoo, Chief Agency Officer, Reliance Life Insurance Company Ltd, said.
He was in Kochi to launch the company’s new child insurance product — Reliance Education Plan — in the state. Among the top 10 private life insurance companies, he said Reliance has got a 7.6 per cent market share in Kerala.
“Given the higher level of consciousness towards education in the state, he said Kerala customers would find this plan relevant for their children’s career,” he said, adding that the company’s other products cater to different segments of society.
On the national front, he said the company had garnered new premium business of ₹1,208 crore through the sale of policies in the last fiscal and is looking at similar double-digit growth in the current fiscal.
The company offers a range of products, including protection, investment, and retirement, targeted at individuals and groups.
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