Reliance Life Insurance, a part of Anil Dhirubhai Ambani group, is targeting a new premium income of Rs 12,000 crore in 5-year, a top company official said. “We are growing 20 percent each year. We intend to earn a premium income of Rs 12,000 crore in 5-year time,” president and executive director of Reliance Life Malay Ghosh said.
Launching Reliance Life’s maiden health insurance product in the city today, Ghosh said in the current fiscal, the target premium income is Rs 5,000 crore. Ghosh said that from the health insurance product, the company is eyeing a premium of Rs 150 crore in the first year, which is likely to touch Rs 2,000 crore over the next 5-years.