Reliance Nippon Life Insurance Company (RNLI) is a life insurance company in India. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.
The company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments: protection, children, retirement and investment plans. Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100,000 agents.[2][3][4][5]
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
Descriptionedit
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.
^. Hindustan Times. 23 August 2010. Archived from the original on 1 November 2010. Retrieved 21 December 2010.
^ ab"Reliance Life Insurance Company | IBEF". www.ibef.org. Retrieved 4 May 2021.
^. Archived from the original on 2 February 2014. Retrieved 1 July 2013.
^"Reliance Capital completes MF stake sale to Nippon Life". Business Standard. 17 August 2012. Retrieved 29 July 2018.
^"Nippon Life to buy 26% in Reliance Life". Thehindu.com. 14 March 2011. Retrieved 29 July 2018.
^"About reliance life insurance". Slideshare.net. Retrieved 29 July 2018.
^"Reliance Capital Limited : Reliance Capital announces results for year ended March 31, 2013". 4-traders.com. Retrieved 29 July 2018.
^"Reliance Capital FY13 net profit at Rs8120mn". www.indiainfoline.com. Archived from the original on 1 July 2013. Retrieved 3 February 2022.
External linksedit
Official website
December 18, 2023
reliance, life, insurance, confused, with, reliance, reliance, nippon, life, insurance, company, rnli, life, insurance, company, india, firm, offers, life, insurance, products, targeted, individuals, groups, catering, four, distinct, segments, protection, chil. Not to be confused with Reliance LYF Reliance Nippon Life Insurance Company RNLI is a life insurance company in India The firm offers life insurance products targeted at individuals and groups catering to four distinct segments protection children retirement and investment plans Reliance Nippon Life Insurance Company LimitedReliance Nippon Life InsuranceTypeJoint ventureIndustryFinancial servicesFounded14 May 2001HeadquartersSantacruz Mumbai IndiaKey peopleAnil Ambani Chairman Ashish Vohra CEO ProductsLife insuranceInvestment managementTotal assets 150 billion US 1 9 billion 1 ParentReliance CapitalNippon LifeWebsitewww wbr reliancenipponlife wbr com Contents 1 History 2 Description 3 Important landmarks 4 See also 5 References 6 External linksHistory editThe company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments protection children retirement and investment plans Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium WRP and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100 000 agents 2 3 4 5 2001 AMP Sanmar Life Insurance Company was formed2002 AMP gets IRDA approval to commence business2005 Reliance Life Insurance takes over AMP Sanmar2006 Name changed to Reliance Life Insurance Co Ltd 2007 ISO 9001 2000 Certification2008 Becomes 4th largest private insurer2010 Becomes the largest private insurer in number of policies2011 Nippon Life signs definitive agreement to acquire 26 of the company 2016 Nippon acquires 49 stake in Reliance Life Insurance CompanyDescription editAs 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 editSome 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 editNippon LifeReferences edit Reliance Life Insurance assets cross Rs 15 000 crore Hindustan Times 23 August 2010 Archived from the original on 1 November 2010 Retrieved 21 December 2010 a b Reliance Life Insurance Company IBEF www ibef org Retrieved 4 May 2021 Govt approves 26 stake sale of Reliance life insurance to Nippon Economic Times Archived from the original on 2 February 2014 Retrieved 1 July 2013 Reliance Capital completes MF stake sale to Nippon Life Business Standard 17 August 2012 Retrieved 29 July 2018 Nippon Life to buy 26 in Reliance Life Thehindu com 14 March 2011 Retrieved 29 July 2018 About reliance life insurance Slideshare net Retrieved 29 July 2018 Reliance Capital Limited Reliance Capital announces results for year ended March 31 2013 4 traders com Retrieved 29 July 2018 Reliance Capital FY13 net profit at Rs8120mn www indiainfoline com Archived from the original on 1 July 2013 Retrieved 3 February 2022 External links editOfficial website Retrieved from https en wikipedia org w index php title Reliance Life Insurance amp oldid 1177712727, wikipedia, wiki, book, books, library,
