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Our Founder

Few men in history have made as dramatic a contribution to their country’s economic fortunes as did the founder of Reliance, Shri. Dhirubhai H Ambani. Fewer still have left behind a legacy that is more enduring and timeless. As with all great pioneers, there is more than one unique way of describing the true genius of Dhirubhai: The corporate visionary, the unmatched strategist, the proud patriot, the leader of men, the architect of India’s capital markets, the champion of shareholder interest. But the role Dhirubhai cherished most was perhaps that of India’s greatest wealth creator. In one lifetime, he built, starting from the proverbial scratch, India’s largest private sector enterprise. When Dhirubhai embarked on his first business venture, he had a seed capital of barely US$ 300 (around Rs 14,000). Over the next three and a half decades, he converted this fledgling enterprise into a Rs 60,000 crore colossus—an achievement which earned Reliance a place on the global Fortune 500 list, the first ever Indian private company to do so. Dhirubhai is widely regarded as the father of India’s capital markets. In 1977, when Reliance Textile Industries Limited first went public, the Indian stock market was a place patronised by a small club of elite investors which dabbled in a handful of stocks. Undaunted, Dhirubhai managed to convince a large number of first-time retail investors to participate in the unfolding Reliance story and put their hard-earned money in the Reliance Textile IPO, promising them, in exchange for their trust, substantial return on their investments. It was to be the start of one of great stories of mutual respect and reciprocal gain in the Indian markets. Under Dhirubhai’s extraordinary vision and leadership, Reliance scripted one of the greatest growth stories in corporate history anywhere in the world, and went on to become India’s largest private sector enterprise. Through out this amazing journey, Dhirubhai always kept the interests of the ordinary shareholder uppermost in mind, in the process making millionaires out of many of the initial investors in the Reliance stock, and creating one of the world’s largest shareholder families.

About Reliance Life Insurance
Reliance Life Insurance offers you products that fulfill your savings and protection needs. Our aim is to emerge as a transnational Life Insurer of global scale and standard. Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. Reliance - Anil Dhirubhai Ambani Group also has presence in Communications, Energy, Natural Resources, Media, Entertainment, Healthcare and Infrastructure.

Vision & Mission
Vision Empowering everyone live their dreams. Mission Create unmatched value for everyone through dependable, effective, transparent and profitable life insurance and pension plans. Our Goal Reliance Life Insurance would strive hard to achieve the 3 goals mentioned below:

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Emerge as transnational Life Insurer of global scale and standard Create best value for Customers, Shareholders and all Stake holders Achieve impeccable reputation and credentials through best business practices


RLIC has been one of the fast gainers in market share in new business premium amongst the private players with an incremental market share of 4.1% in the Financial Year 2007-08 – from 3.9% in April 07 to 8% in Feb 08. ( Source: IRDA) Also continues to be amongst the fast growing Private Life Insurance Companies with a YOY growth of 195% in new business premium as of Mar’08. A Company that has crossed 1.7 Million policies in just 2 years of operation, post take over of AMP Sanmar business. Initiated Express Life – an Unique ’Over the Counter’ sales process for Unit Linked Insurance Policies in the Industry. Accomplished a large distribution ramp-up in the Industry in a short span of time by opening 600 branches in 10 months taking the overall branch network above 740. RLIC continues to be one of the two Life Insurance companies in India to be certified ISO 9001:2000 for all the processes. Awarded the Jamnalal Bajaj Uchit Vyavahar Puraskar 2007- Ceritificate of Merit in the Financial Services category by Council for Fair Business Practices (CFBP).

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Leadership Team
BOARD OF DIRECTORS Gautam Doshi, Director Gautam is the Group Managing Director of Reliance Anil Dhirubhai Ambani Group and Director of Reliance Life Insurance Company Limited. In his long and illustrious career spanning 30 years, Gautam has held key positions in various organisations such as M/s. Bansi S. Mehta, RSM & Co. and Ambit Corporate Finance Pvt. Ltd. Presently, as a Board member of various reputed public limited companies, Gautam continues to power the industry with his profound knowledge and expertise. Gautam, a qualified Chartered Accountant, has served as the Chairman of the Institute of Chartered Accountants of India for the year 1982–83. He was also elected to the Council of the Institute of Chartered Accountants of India for two consecutive terms spanning over 1992 to 1998.

Satya Pal Talwar, Director Satya Pal is the Director of Reliance Life Insurance Company Limited. He holds an experience of more than 35 years in operations and policy formulation.

Through his distinguished service in the financial industry, Satya Pal has served as the ‘Chairman and Managing Director’ of renowned organisations such as Bank of Baroda, Union Bank of India and Oriental Bank of Commerce. His in-depth knowledge of the sector has seen him rise quickly into pivotal positions at advisory and board levels in Indian and as well Global organisations such as SEBI, IDBI and MasterCard International. He has also held the coveted position of Deputy Governor of RBI from 1994 to 2001. Satya Pal holds a degree in Law. He is a Certified Associate of the Indian Institute of Bankers and a member of the Indian Council of Arbitration.

Sam Ghosh, Group President Sam is currently the Group President of Reliance Capital Limited. Sam has worked in the UK for one of the leading Chartered Accountancy firms and then moved to Australia to join a subsidiary of the Allianz Group where he held various senior positions in the finance and international division. In his immediate past assignment, before joining Reliance Capital Limited, Sam was responsible for the overall Allianz operations in India and Middle East. Sam is a qualified Chartered Accountant and is a member of the Institute of Chartered Accountant in England & Wales and Australia.

P Nandagopal, Chief Executive Officer P Nandagopal joined Reliance Life Insurance Company Limited as CEO on October 4, 2005—the day the share holdings of AMP Sanmar were transferred to Reliance Capital Group. Nandagopal’s career in the financial services industry spans over two glorious decades. He started his career with Andhra Bank followed by other reputed firms such as New India Assurance and GIC Asset Management, where he expertly managed various assignments in finance, underwriting, claims and mutual fund marketing. In 1999, he joined Birla Sun Life Insurance as one of the founder-members, where he successfully managed the Alternate Channels, Group Insurance and Pensions businesses. Nandagopal’s passion for finance motivated him to write a book titled ‘Investor’s Handbook’. Amazed by the simple lessons and tips the book offered, finance professionals promptly made the book a bestseller! It is today a prescribed reference book for the AMFI exams. P Nandagopal is an MBA – Finance and Marketing. He is also an Associate Company Secretary and a Fellow of the Insurance Institute of India.

Malay Ghosh – Deputy Chief Executive Officer Malay leads all Sales & Distribution activities at Reliance Life Insurance Company Limited. His key focus is on rapid expansion of all channels and accelerating the company’s growth trajectory. Malay has over 24 years of work experience in the insurance industry. He has worked for 17 years with LIC across various functions and for 7 years with Bajaj Allianz Life Insurance where he was last designated Head of Sales. Malay holds a Masters degree in statistics.

Maneesha Thakur, Chief Human Resources Officer Maneesha in her role as the Chief Human Resource Officer at Reliance Life Insurance Company Limited, has developed a performance driven and employee centric culture. She has been at the forefront of the organization growth by facilitating talent acquisition and management.

Maneesha in her career span of 15 years has worked with companies like SHCIL, ALLTEL, Transamerica, ICICI Bank and VSNL. In addition to an MA in English Literature, Maneesha holds a Post Graduate Diploma in Personnel Management & Industrial Relations from XLRI, Jamshedpur.

Rajesh Bahl, Sr VP -Legal & Chief Financial Officer Rajesh, in the capacity of the Sr Vice President Legal & Chief Financial Officer, heads the overall Finance and Accounts operations at Reliance Life Insurance. Rajesh has 14 years of experience in the field of financial and strategic planning, business controlling, audit and compliance. He began his career with AF Fergusson & Co. He moved on to lend his financial expertise to worldrenowned companies such as Ericsson, Pepsi,Modi Xerox, and Tata AIG Life Insurance, where he was Chief Compliance Officer and Financial Controller. Rajesh is a Commerce graduate from Delhi University and a qualified Chartered Accountant from the Institute of Chartered Accountants of India.

Pournima Gupte, Appointed Actuary Pournima is the Appointed Actuary at Reliance Life Insurance Company Limited where she has the overall responsibility for statutory reporting, risk appetite, pricing, valuation, reinsurance, etc. Prior to joining Reliance, Pournima served at Life Insurance Corporation of India for 20 long and rewarding years. Her stint with LIC included a four-year deputation at the London branch, as Manager. She then moved on to be the Chief Manager – Actuarial, at Kotak Mahindra Life Insurance Company and Associate Vice President – Actuarial at Bajaj Allianz Life Insurance Company. Pournima is a graduate in Statistics and a Fellow of the Actuarial Society of India (FASI).

C Mohan, Chief Technology Officer Mohan is the Chief Technology Officer (CTO) of Reliance Life Insurance Company Limited and he is responsible for Information Technology Strategy Formulation and Deployment. Mohan has over 11+ years of IT Experience of which he spend more than 7+ years Executive Management Experience in overseas. He worked with Cathay Pacific Airways and Computer Sciences Corporation in AsiaPacific Role at Singapore before he joined Reliance Life. Mohan is an Engineering Graduate MCSE,CCNA,CNE,CBCP,PMP etc. and holds many International IT Certification like

R Rangarajan, Chief Investment Officer Rangarajan is the Chief Investment Officer at Reliance Life Insurance Company Limited. He alongwith his team, strives to give the best possible returns on investments to shareholders and policyholders, keeping in mind their appetite for risk. Rangarajan draws on his in-depth knowledge of investment and experience of 25 years to ensure that the goals of the organisation are met—without any compromise on the benefits of the investors. Prior to being a part of Reliance Life Insurance, Rangarajan worked with AMP Sanmar Life Insurance as Head – Investments for three years. His earlier assignment was with a large Mutual Fund organization. Rangarajan is a qualified Chartered Accountant.

S V Sunder Krishnan, Chief Risk Officer Sunder is the Chief Risk officer for Reliance Life Insurance and is responsible for overseeing Risk Management, Internal Audit and Compliance functions at Reliance Life Insurance. Sunder came with 23 years of experience and knowledge in Internal Audits, Compliance, Assurance Consulting and Risk Management. He has worked for various leading organizations such as DSP Merrill Lynch, ING Vysya, Credit Lyonnais, Standard Chartered, Bank International Indonesia, Ernst & Young and Delloitte at senior and middle management positions with exposure to businesses and operations in more than 12 countries. Sunder is a qualified FCA, CISA, and CCSA. He is also the President of Information Systems Audit Control Association (ISACA-USA), Mumbai Chapter for the year 2007-08 and was a member of the Board of Advisors to Bombay Chartered Accountants Society (BCA’S) for Internal Audit studies for the year 2005-06.

Saroj K Panigrahi, Company Secretary Saroj K Panigrahi heads the Legal and Company Secretarial function of Reliance Life Insurance. He is armed with twelve years of valuable experience in the Corporate Legal, Commercial, Regulatory Compliance and Corporate Governance domains. Prior to joining Reliance, he headed the Legal & IP department at Accenture’s India Outsourcing Business. During his fulfilling tenure, he skilfully managed the Legal, Intellectual Property, Regulatory Risk & Compliance aspects of several Fortune 500 companies. Prior to his assignment with Accenture, Saroj was Company Secretary at ING Vysya Life Insurance and was also associated with ICRA, an associate of Moody’s Investors Inc. Saroj holds a degree in Law. He is also a Fellow Company Secretary, a Chartered Secretary (UK) and a Chartered Financial Analyst (CFA).