Reliance Life AUM crosses Rs 15,000 cr

Reliance Life AUM crosses Rs 15,000 crThe Reliance life Insurance company owned and run by Anil Ambani asserts to have overgrown the 15000 crore line in the Assets Under Management and also anticipates with great confidence to make it twofold by the close of this financial year.

Statistics show that last year in the month of September, the mark recorded was one of Rs 10,000 crore and plans for doubling this year's 15000 mark into 30,000 by the year 2011-2012 are already in the making with the aim of converting Reliance Life Insurance into the fastest private-owned insurance company to set such a benchmark within a period of just five years.

MalyGhosh, the Executive Director of Reliance Life Insurance is of the opinion that the reason that has led them to achieve such a milestone is the company's impeccable emphasis on growth and the vast array of funding received by the firm.

He is also every optimistic about serving even more than 9.5 million customers which is the data for the present year by introducing a wide-ranging policies that are in accordance to the needs of the customers.