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Reliance Life Insurance Company Q3 net profit soars 4-fold

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Reliance Capital, registered a net profit of 40 per cent as against Rs 10 crore in the year-ago quarter. (Thinkstock) Reliance Capital, registered a net profit of 40 per cent as against Rs 10 crore in the year-ago quarter. (Thinkstock)
SummaryReliance Capital, registered a net profit of 40 per cent as against Rs 10 crore in the year-ago quarter.

size of USD 650 billion, holds a 26 per cent stake in Reliance Life, which it had acquired for over Rs 3,000 crore.

Reliance Life was the country's seventh largest private life insurer in terms of total new business premium and sixth in terms of individual new business premium for the last fiscal ended March 31, 2012. At present, the company has a market share of 4.9 per cent of the private sector life insurance industry.

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