Reliance General Insurance (RGI), Executive Director & Chief Executive Officer – Rakesh Jain confirmed a profit of 20% in 2nd quarter of the fiscal year. He confirmed that Reliance General Insurance continues to grow having made good profit margin as compared to 13% made by entire Industry. Gross written premium as declared by RGI is Rs. 2,025 crore with a profit of Rs 56 crore. Its overall market share increased from 4.3% to 4.5%.
The company is expected to further growth through compulsory third party insurance and mandatory personal accident cover in motor insurance segment. As per the latest statistics ending quarter 2, Reliance General Insurance got around 130 branches pan India and 29,000 agents. Reliance Capital is the parent company of Reliance General, latter is it’s wholly owned subsidiary. Currently, Reliance General insurance deals in the following Insurance category:-
Other Specialized Insurance Products