By IANS,
Mumbai: Reliance Life Insurance, a part of Reliance Capital of the Reliance Anil Dhirubhai Ambani Group (ADAG), registered a record high market share of 14.51 percent in March 2010 and a 10.5 percent growth for the 2009-10 financial year.
The company sold the highest number of policies in fiscal 2010 among the private sector players and stood second in terms of selling individual premium WRP (weighted received premium).
“Retail focus, innovative products and strong distribution network were key growth drivers during the year that helped us improve our market share and retain number one slot in terms of number of policies sold in the private sector,” said Malay Ghosh, president of Reliance Life Insurance.
He said the company this year would focus on smaller cities.
“We would continue to reach out to more customers, especially across tier-2 and tier-3 cities, in this fiscal,” Ghosh said.
The company achieved 9.8 percent growth last year.