Reliance Life Insurance, one of the leading life insurance players in India, will invest INR 1000-1200 crore (US$ 250- 300 million) in 2-3 years to expand its insurance business. It also plans to open 400 new branches, for which it has applied to Insurance Regulatory Development Authority (IRDA). They have already invested INR 650 crore (US$ 150m) in the insurance business and plan to infuse fresh capital of INR 1000-1200 crore to expand their operations. The company has a distribution network of over 340 branch offices across India and intends to open 400 more branches. They have applied for licences from IRDA for opening 400 new branches across India. About 20 of these branches would be in Punjab and Haryana. The company has launched ‘Express Life’, an innovative and customer friendly service, targetting customers between 18 and 45 years of age. The customers would enjoy life insurance cover within three days of submitting the duly filled application form, mandatory documents and requisite premium cheques. The company is aiming to sell one million policies across the country in this financial year.