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.