Reliance Life Insurance, has major plans to expand its business and stregthen its position in the insurance sector. The company is looking at a investment of Rs 1000-1200 crore in the next couple of years to expand its insurance business. The company has plans to open 400 new branches, for which it has applied to Insurance Regulatory Development Authority (IRDA).
“We have already invested Rs 650 crore in the insurance business and plan to infuse fresh capital of Rs 1000-1200 crore to expand our operations.” said P Nandagopal, CEO of Reliance Life Insurance while speaking at the launch of its new service "Express Life" in Chandigarh.
The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. He said, “We have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana.”
The company is aiming to sell one million policies across the country in this financial year.
“We have already invested Rs 650 crore in the insurance business and plan to infuse fresh capital of Rs 1000-1200 crore to expand our operations.” said P Nandagopal, CEO of Reliance Life Insurance while speaking at the launch of its new service "Express Life" in Chandigarh.
The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. He said, “We have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana.”
The company is aiming to sell one million policies across the country in this financial year.
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