Reliance Life

Japan's Nippon Life Insurance Ups Stake in Reliance Life

Business | Press Trust of India | Wednesday March 30, 2016

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

Business | Press Trust of India | Thursday February 11, 2016

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

Business | Press Trust of India | Monday December 7, 2015

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

Business | NDTV | Tuesday November 24, 2015

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%

Business | Thomson Reuters | Tuesday November 24, 2015

It will pay about Rs 2,270 crore ($342.13 million) for the additional 23 per cent stake, it said in a statement.

Paytm Partners Insurance Firms for Cashless Premium Payments

Press Trust of India | Thursday October 29, 2015

Insurance companies ICICI Prudential Life, Religare Health, Reliance Life, and Reliance General have partnered.

Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani

Business | Press Trust of India | Wednesday September 30, 2015

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

Business | Press Trust of India | Friday September 18, 2015

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

Business | Sunday December 28, 2014

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

Business | Wednesday September 3, 2014

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

Business | Monday September 1, 2014

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

Business | Sunday July 27, 2014

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%

Business | Sunday February 23, 2014

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.

Reliance Life to focus on traditional plans, agent productivity

Business | Sunday October 27, 2013

Reliance Life, part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, has undergone a significant product portfolio change, with 80 per cent of its business now coming from traditional products, and only 20 per cent from unit-linked products.

Reliance Life eyes demat insurance policies for 9 million customers

Business | Sunday September 29, 2013

Reliance Life Insurance, part of Anil Ambani-led financial services major Reliance Capital, is amongst the first few private insurers to offer policy holders the option of holding their insurance policies in electronic demat form.