Reliance Nippon Life Insurance is targeting double-digit growth in premium income this fiscal, supported by new products, agent expansion and entry into the bancassurance segment.
The company is preparing to have bancassurance tie-ups with at least three banks this year as it has received necessary approvals. It is in the process of appointing a CEO.
The private insurer, the largest life insurance player in the non-bancassurance space, will roll out at least five new products this year. While it has secured approvals for two, it is awaiting the regulator’s approval for three more.
