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Reliance Life Insurance Company (RLIC) is a fragment of Reliance Capital of the Reliance Group. Which is led by Anil Ambani-led Reliance Group. It is a joint venture with Japan's largest private life insurer Nippon Life Insurance Company, which holds 26 % share capital of the Company and the remaining 74% is held by the Reliance Capital of the Reliance Group.
The company evolves itself as the largest non-bank supported private life insurance company which has the quantum of 10 million policy holders supported by a strong delivery network of over 800 branches and more than 1,00,000 agent advisors as on March 31, 2015. The Claim Settlement Ratio rises high at 94.53% as of March 31, 2015. RLIC offers products targeted at individuals and groups/corporate entities, catering to five distinct segments - Protection, Health, Child, Saving & Investment, and Retirement plans.
Reliance Easy Care Fixed Benefit Plan
Reliance Care For You Advantage Plan
Reliance Health Total
Saturday, Jul 23, 2016 10:00 AM
The company sold 3.60 lakh insurance policies while it collected fresh premium to the tune of Rs 914 Crore in the last financial year, said Sahoo.Sahoo saw a big potential in selling life insurance products because of less penetration.
Tuesday, May 17, 2016 10:00 AM
Reliance Capital, which has completed five years of partnership with Nippon Life, May 16 said it plans to strengthen the association with more products in mutual fund and life insurance spaces going ahead.
Monday, May 09, 2016 02:00 PM
Anil Ambani’s financial services firm Reliance Capital on Friday reported a 29% increase in its net profit to Rs 526 Crore for the quarter ended 31 March 2016. The profit growth was boosted by the sale of its stake in the life insurance and asset management arm.