A Reliance Nippon Life statement said it earned a net premium of Rs 963 crore for the quarter ended on September 30 and its embedded value (present value of the future business) on that date touched Rs 3,147 crore, up from Rs 3,047 crore.
According to the company, the average ticket size improved to over Rs 34,000 during the second quarter, an year-on-year improvement of 33 per cent.
"We have achieved significant progress across business parameters in this fiscal, driven by robust strategy and strong execution capabilities. Our focus continues towards building a profitable and customer centric growth story, driven by higher agency productivity and a favourable product mix," Ashish Vohra, Executive Director and CEO, said in the statement.
The company's 13-month persistency rose from 61 per cent to 68 per cent in the second quarter of the current fiscal.
The life insurer's individual new business went up by 3 per cent during the period under review at Rs 169 crore, the statement said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.