Malay Ghosh elevated as President at Reliance Life Insurance

Mumbai, July 16, 2009: Reliance Life Insurance Company (RLIC), part of the Reliance Anil Dhirubhai Ambani Group, on Thursday announced that Mr. Malay Ghosh has been elevated as President, as part of the company's overall growth plans.

The announcement was made by Mr. Sam Ghosh, Chief Executive Officer, Reliance Capital Limited, here today.

Mr. Malay Ghosh has taken over as the President, Reliance Life Insurance, from his previous role of Deputy Chief Executive Officer to further lead and strengthen the organisation and continue to provide direction and focus.

With this project, Reliance ADA Group becomes one of the largest private sector investor in the state of Uttar Pradesh with an investment outlay of over Rs. 10,000 crore.

''In his new and expanded role, Mr. Malay Ghosh will provide overall leadership to the organization and will be responsible for all external stakeholders like the regulatory authority and industry interfaces,'' said Mr. Sam Ghosh.

Mr. Malay Ghosh joined RLIC over a year back and has provided leadership to the sales and distribution and other functions with remarkable success, during which Reliance Life showed a positive growth of 28 per cent against an industry de-growth of -6 per cent.

"I am happy to take over the new role and responsibilities. Along with my team, I would work towards setting new benchmarks in business leadership, product and services and creating value for customers,'' said Mr. Malay Ghosh.

About Reliance Life Insurance Company Limited

www.reliancelife.com

Reliance Life Insurance Company Limited is one of the India's top private sector life insurance companies with business premium including renewal premium of over Rs 3,225 crore (as on 31st March 2008). It has a pan-India presence and a range of products, as many as 33, catering to individual as well as corporate needs. Reliance Life Insurance Company Limited is an associate company of Reliance Capital Limited, which is a part of the Reliance Anil Dhirubhai Ambani Group. The company aims to attain a leadership position in the market in the next few years by further expanding and strengthening its distribution network.

[ Top ]