Reliance Life
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Nippon Launches India Funds, to Partner Reliance Group for Bank
As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life said on Monday that it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and launched two India-focussed funds for Japanese investors.
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Nippon to Raise Stake in Reliance Life Post FDI Hike
Nippon Life currently holds 26 per cent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore. This deal was completed in October 2011 and it had valued the Indian insurer at over Rs 11,500 crore at that time.
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HDFC, Birla Sun, Reliance Life Top Irda's Unfair Business Chart
According to the data on 'Unfair Business Practices', compiled by the insurance regulator Irda, 10,819 complaints were filed by consumers against HDFC Standard life during April 1-July 20, 2014.
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Japan's Nippon Life Insurance Ups Stake in Reliance Life
Japan's Nippon Life Insurance on Wednesday increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent.
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Nippon Gets Competition Regulator's Nod For Hiking Stake in Reliance Life
For the deal, Nippon Life Insurance and Reliance Life Insurance had entered into a share purchase agreement in November. The pact was between Reliance Capital, Management Services, Nippon Life and Reliance Life Insurance.
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Reliance Life to Hire 5,000 Insurance Agents, 2,000 Sales Staff
Leading private insurer Reliance Life plans to hire 5,000 insurance advisors and nearly 2,000 front-end sales staff in the next three months as part of its distribution network expansion plans.
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Reliance Capital Jumps as Nippon Raises Stake in Insurance Business
Shares of Reliance Capital jumped as much as 3.5 per cent to hit an intraday high of Rs 422.75 in an otherwise subdued market after Japan's Nippon raised stake in Reliance Life Insurance to 49 per cent from existing 26 per cent.
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Nippon Life to Lift Stake in Reliance Life to 49%
It will pay about Rs 2,270 crore ($342.13 million) for the additional 23 per cent stake, it said in a statement.
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Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
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Regulator Slaps Rs 5 Lakh Fine on Reliance General Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed penalty of Rs 5 lakh each on Reliance General Insurance and Reliance Life Insurance (RLIC) for violating regulations and non-disclosure of information about subsidiary company.
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Reliance Capital Eyes Foreign Funds in Insurance Ventures
Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 per cent stakes.
-
Nippon to Raise Stake in Reliance Life Post FDI Hike
Nippon Life currently holds 26 per cent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore. This deal was completed in October 2011 and it had valued the Indian insurer at over Rs 11,500 crore at that time.
-
Nippon Launches India Funds, to Partner Reliance Group for Bank
As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life said on Monday that it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and launched two India-focussed funds for Japanese investors.
-
HDFC, Birla Sun, Reliance Life Top Irda's Unfair Business Chart
According to the data on 'Unfair Business Practices', compiled by the insurance regulator Irda, 10,819 complaints were filed by consumers against HDFC Standard life during April 1-July 20, 2014.
-
Reliance Life new business income grows 56%
Helped by a significant increase in individual insurance segment, Reliance Life saw its new business premium collection rising to Rs 1,424 crore during April-December period of 2013-14, from Rs 911 crore in the year-ago period.
-
Nippon Launches India Funds, to Partner Reliance Group for Bank
As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life said on Monday that it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and launched two India-focussed funds for Japanese investors.
-
Nippon to Raise Stake in Reliance Life Post FDI Hike
Nippon Life currently holds 26 per cent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore. This deal was completed in October 2011 and it had valued the Indian insurer at over Rs 11,500 crore at that time.
-
HDFC, Birla Sun, Reliance Life Top Irda's Unfair Business Chart
According to the data on 'Unfair Business Practices', compiled by the insurance regulator Irda, 10,819 complaints were filed by consumers against HDFC Standard life during April 1-July 20, 2014.
-
Japan's Nippon Life Insurance Ups Stake in Reliance Life
Japan's Nippon Life Insurance on Wednesday increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent.
-
Nippon Gets Competition Regulator's Nod For Hiking Stake in Reliance Life
For the deal, Nippon Life Insurance and Reliance Life Insurance had entered into a share purchase agreement in November. The pact was between Reliance Capital, Management Services, Nippon Life and Reliance Life Insurance.
-
Reliance Life to Hire 5,000 Insurance Agents, 2,000 Sales Staff
Leading private insurer Reliance Life plans to hire 5,000 insurance advisors and nearly 2,000 front-end sales staff in the next three months as part of its distribution network expansion plans.
-
Reliance Capital Jumps as Nippon Raises Stake in Insurance Business
Shares of Reliance Capital jumped as much as 3.5 per cent to hit an intraday high of Rs 422.75 in an otherwise subdued market after Japan's Nippon raised stake in Reliance Life Insurance to 49 per cent from existing 26 per cent.
-
Nippon Life to Lift Stake in Reliance Life to 49%
It will pay about Rs 2,270 crore ($342.13 million) for the additional 23 per cent stake, it said in a statement.
-
Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
-
Regulator Slaps Rs 5 Lakh Fine on Reliance General Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed penalty of Rs 5 lakh each on Reliance General Insurance and Reliance Life Insurance (RLIC) for violating regulations and non-disclosure of information about subsidiary company.
-
Reliance Capital Eyes Foreign Funds in Insurance Ventures
Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 per cent stakes.
-
Nippon to Raise Stake in Reliance Life Post FDI Hike
Nippon Life currently holds 26 per cent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore. This deal was completed in October 2011 and it had valued the Indian insurer at over Rs 11,500 crore at that time.
-
Nippon Launches India Funds, to Partner Reliance Group for Bank
As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life said on Monday that it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and launched two India-focussed funds for Japanese investors.
-
HDFC, Birla Sun, Reliance Life Top Irda's Unfair Business Chart
According to the data on 'Unfair Business Practices', compiled by the insurance regulator Irda, 10,819 complaints were filed by consumers against HDFC Standard life during April 1-July 20, 2014.
-
Reliance Life new business income grows 56%
Helped by a significant increase in individual insurance segment, Reliance Life saw its new business premium collection rising to Rs 1,424 crore during April-December period of 2013-14, from Rs 911 crore in the year-ago period.
