The company's total funds under management stood at Rs 18,073 crore as on December 31, 2013.
When asked whether the new product environment and slow economic growth will impact the life insurance business, Rau said: "I am optimistic in the long run. I believe that most of the regulatory changes will pave the way for sustainable growth of the industry in the long-term.
"However, in the short-to-medium term, the industry will have to go through the pains of adjustment. It is a challenging time not just for the life insurance industry but also the economy.
"If you look at the number of uninsured and under-insured in the country, the long-term perspective is very positive. We are confident of a sustained profitable growth for the company in the year ahead."
Reliance Life, a leading player with private sector market share of 6 per cent, has launched over two dozen new and revised products (as per new regulatory guidelines) since January 1, 2014.