Reliance Life Insurance has reported a 196 per cent growth in new business premium at Rs 2,754 crore in 2007-08 against Rs 930 crore in the previous year. The agency force was increased by 1 lakh to 1.75 lakh in 2007-08. It also added 600 branches in the last one year which has taken the network to 744. In current fiscal, the company mulls to get over 100 percent growth by doubling its agency as well as branch network. The company has a capital base of Rs 1,300 crore, of which Rs 600 crore was invested in 2007-08.
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