Reliance General's profit of Rs 56 crores

Reliance General's profit of Rs 56 crores.

Reliance General Insurance

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Non-life insurance company Reliance General Insurance has reported a net profit of Rs 56 crore in the quarter ended September 30.

In its statement, the company said in a statement that its gross premium income in the quarter under review was Rs 2,025 crores, which is a growth rate of 20 percent on a year-on-year basis.

The company said that its profit grew 20 percent year-on-year basis to 56 crore rupees.

Reliance General Insurance Company, Reliance Capital Ltd. Is a pre owned subsidiary company.

During the reporting period, the company's investment book has seen an increase of 19 per cent over the year-on-year basis, which is Rs 8,650 crore.

"The industry will benefit from favorable regulatory regulations, in which long term insurance of motor vehicles and indispensable personal accident cover increases," said company executive director and chief executive officer Rakesh Jain in a statement. We focus on our journey of profitable development Our premium income increased by 20 percent in the second quarter, while the industry average 13 percent.

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