Reliance Life Insurance Expects Break Even Next Year

Reliance Life Insurance Co. - a unit of Reliance Capital Ltd. - expects to break even next fiscal year by cutting expenses and including more cost-effective products in its portfolio, the chief executive of its parent said Tuesday.

"We are streamlining our product portfolio, will exclude products which have high cost overruns, and also increase the productivity of the (selling) agents," Sam Ghosh told Dow Jones Newswires...

WSJ: Reliance Life Insurance Expects Break Even Next Year
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