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Reliance Life crosses Rs.15,000-cr mark in AUM

NEW DELHI: Anil Dhirubhai Ambani-owned Reliance Life Insurance has announced that it has crossed the Rs.15,000-crore-mark in assets under management (AUM). “This milestone closely follows the Rs.10,000-crore AUM mark recorded by the company in September 2009,” the company said in a statement. The company is targeting to double the AUM to Rs.30,000 crore by 2011-12.

In the current fiscal, the company will infuse Rs.250 crore to fund business expansion plans, out of which Rs.70 crore was pumped in during the first quarter itself. With the Rs.70 crore infusion, the total paid-up capital of the company crossed the Rs.3,000-crore mark.

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