Reliance Life Insurance

Reliance Nippon Life Insurance Company (RNLI) is one of the

life insurance companies in India. The firm offers life insurance Reliance Nippon Life
products targeted at individuals and groups, catering to four Insurance Company
distinct segments: protection, children, retirement and investment Limited
plans.

Reliance Nippon Life Insurance

Contents
Type Joint venture
History Financial services
Industry
Description Founded 14 May 2001
Important landmarks
Headquarters Santacruz,
See also Mumbai, India
References Key people Anil Ambani
(Chairman)
External links
Ashish Vohra
(CEO)

History Products Life insurance

Investment
management
The company offers life insurance products aimed at individuals
and groups broadly classified into four distinct segments: Total assets ₹150 billion
protection, children, retirement and investment plans. Till year (US$1.9 billion)[1]
2014 it was ranked amongst the top five private sector life Parent Reliance Capital
insurance companies in terms of individual weighted received Nippon Life
premium (WRP) and new business WRP and had over 1 crore www
Website
policy holders with a strong distribution network of over 900 .reliancenipponlife
branches and around 100,000 agents.[2][3][4][5] .com (https://www.r
eliancenipponlife.c
om/)
 2001 AMP Sanmar Life Insurance Company was formed

2002 AMP gets IRDA approval to commence business

2005 Reliance Life Insurance takes over AMP Sanmar

2006 Name changed to Reliance Life Insurance Co. Ltd.

2007 ISO 9001:2000 Certification

2008 Becomes 4th largest private insurer

2010 Becomes the largest private insurer in number of policies

2011 Nippon Life signs definitive agreement to acquire 26% of the company.

2016 Nippon acquires 49% stake in Reliance Life Insurance Company

Description
As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business
premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold
760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide
network of distribution with 1,230 offices and over 124,000 advisors.

Reliance Nippon Life Insurance is a part of Reliance Capital of the Reliance Anil Dhirubhai Ambani
Group.[6] [7][8]

Important landmarks
Some of the important landmarks achieved by the company are:[2]

2010 - Achieves status as largest private insurer in number of policies.

2008 - Establishes as 4th largest private insurer.

2006 - Renamed to Reliance Life Insurance Co Ltd.

2005 - Acquires AMP Sanmar.

2001 - Incorporation of AMP Sanmar Life Insurance Company.

See also
Nippon Life

References
1. "Reliance Life Insurance assets cross Rs 15,000 crore" (https://web.archive.org/web/201011
01034913/http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-
crore/Article1-590811.aspx). Hindustan Times. 23 August 2010. Archived from the original (h
ttp://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article
1-590811.aspx) on 1 November 2010. Retrieved 21 December 2010.
2. "Reliance Life Insurance Company | IBEF" (https://www.ibef.org/industry/insurance-sector-in
dia/showcase/reliance-life-insurance-company). www.ibef.org. Retrieved 4 May 2021.
 3. "Govt approves 26% stake sale of Reliance life insurance to Nippon - Economic Times" (http
s://web.archive.org/web/20140202224314/http://articles.economictimes.indiatimes.com/201
1-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman). Archived
from the original (http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_
1_insurance-act-reliance-life-insurance-irda-chairman) on 2 February 2014. Retrieved 1 July
2013.
4. "Reliance Capital completes MF stake sale to Nippon Life" (http://www.business-standard.c
om/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-11208170010
9_1.html). Business Standard. 17 August 2012. Retrieved 29 July 2018.
5. "Nippon Life to buy 26% in Reliance Life" (https://www.thehindu.com/business/companies/N
ippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece). Thehindu.com. 14 March 2011.
Retrieved 29 July 2018.
6. "About reliance life insurance" (https://www.slideshare.net/abhineetpsingh/about-reliance-lif
e-insurance). Slideshare.net. Retrieved 29 July 2018.
7. "Reliance Capital Limited : Reliance Capital announces results for year ended March 31,
2013" (http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-C
apital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-1686677
9/). 4-traders.com. Retrieved 29 July 2018.
8. "Reliance Capital FY13 net profit at Rs8120mn" (https://archive.today/20130701130939/htt
p://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/56
83843781). www.indiainfoline.com. Archived from the original (http://www.indiainfoline.com/
Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781) on 1 July 2013.
Retrieved 3 February 2022.

External links
Official website (http://www.reliancenipponlife.com/)

Retrieved from "https://en.wikipedia.org/w/index.php?title=Reliance_Life_Insurance&oldid=1105663994"

This page was last edited on 21 August 2022, at 06:08 (UTC).

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