March 06, 2015 7:02 AM ET

Insurance

Company Overview of Reliance Life Insurance Company Limited

Company Overview

Reliance Life Insurance Company Limited provides life insurance products to individuals and corporates in India. It offers solutions for individuals, such as protection, term, credit guardian, endowment, wealth creation with health coverage, cash flow, savings and investment, unit linked investment and insurance, automatic investment, market return, retirement, and child plans. The company also provides solutions for groups, which include employers’ liability, group superannuation, group gratuity, group leave encashment, employee protection, group credit shield, group term assurance, and employee voluntary benefit plans. It offers its products through agents. The company was incorporated in ...

Level 1, Midas Wing - A

Sahar Plaza

Andheri Kurla Road

Andheri (East)

Mumbai,  400059

India

Founded in 2001

Phone:

91 22 3088 3444

Fax:

91 22 3088 6587

Key Executives for Reliance Life Insurance Company Limited

Chief Executive Officer and Executive Director
Age: 40
Chief Financial Officer
Chief Operating Officer
Director, Chief Executive Officer of Reliance Capital Limited and Group President of Reliance Capital Limited
Chief Risk Officer
Compensation as of Fiscal Year 2014.

Reliance Life Insurance Company Limited Key Developments

Reliance Life Insurance Reports Unaudited Earnings Results for the Third Quarter Ended December 31, 2014

Reliance Life Insurance reported unaudited earnings results for the third quarter ended December 31, 2014. For the quarter, the company achieved a profit of INR 400 million, year on year increase of 45%. Total premium (net of reinsurance) was INR 10,520 million, year-on-year increase of 8%.

Reliance Life Insurance Reports Earnings Results for the Second Quarter Ended September 30, 2014

Reliance Life Insurance reported earnings results for the second quarter ended September 30, 2014. The company achieved a profit of INR 530 million. Total premium (net of reinsurance) was INR 11,980 million for the quarter, year-on-year increase of 11%.

Nippon Life To Boost Investment In Indian Insurer

Nippon Life Insurance Company is thinking about raising its stake in Reliance Life Insurance Company Limited, life insurance arm of Indian conglomerate Reliance Group. Nippon Life owns a 26% interest in Reliance and plans to invest hundreds of millions of dollars in order to lift the figure as high as the proposed new limit of 49%. The two sides are in talks and will likely seal the deal as soon as the legislation raising caps on foreign investment in Indian insurers passes, according to Reliance Group Managing Director Amitabh Jhunjhunwala. Relevant legislation establishing the new cap could pass as early as November.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 7, 2014
Dhanlaxmi Bank Limited
 

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To contact Reliance Life Insurance Company Limited, please visit www.reliancelife.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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