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Reliance Life launches highest NAV advantage ULIP

October 12, 2010 · Filed Under Reliance Insurance · Comment 

Reliance Life Insurance Company (RLIC), part of Reliance Capital promoted by Anil Ambani , Tuesday announced the launch of a new unit linked insurance plan (ULIP).

The Reliance Life Insurance Highest NAV Advantage Plan offers guarantee on maturity with the highest Net Asset Value (NAV) per unit achieved during the entire 15-year policy term.

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Reliance Life forays into health insurance business

October 7, 2010 · Filed Under Reliance Insurance · Comment 

Reliance Life Insurance, part of the Anil Dhirubhai Ambani Group company Reliance Capital , Thursday forayed into health insurance , launching a family floater plan, Reliance Life Care for You Plan.

We are targeting to become the third largest player in health cover segment within three years, Malay Ghosh, Reliance Life Insurance president and executive director, told reporters here.

The company this year is targeting to cover 500,000 lives and first year premium income of Rs 150 crore. In three years, it expects to mop up Rs.1,000 crore by covering 1.5 million lives and Rs 2,000 crore in the fifth year by covering 5 million lives, said Ghosh.
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Reliance Life Insurance new products:Jan Samriddhi Plan and Super InvestAssure Plan

January 6, 2010 · Filed Under Reliance Insurance · Comment 

Anil Dhirubhai Ambani Group firm Reliance Life Insurance on Tuesday launched two new products -Jan Samriddhi Plan and Super InvestAssure Plan here and aims to garner Rs 600 crore premium from them within this fiscal.

Jan Samriddhi Plan, which is targeted at the rural population, will have premium instalments of Rs 50 per month and will offer guaranteed returns along with accidental cover and maturity benefits.

Available to a group of a minimum 5,000 members, its minimum annualised premium will be Rs 5,000, while maximum limit will be at Rs 10,000.
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China Life May Invest In Reliance Life Insurance

December 14, 2009 · Filed Under Reliance Insurance · Comment 


Reliance Life is in talks with Chinese insurance giant China Life for a pre-initial public offer (IPO) placement. The Anil Dhirubhai Ambani group company is also in discussions with a private equity player for a total placement of 15% stake. The private insurer has been contemplating public offer for over six months now and is awaiting a government waiver to allow the IPO. However, the company said it has not entered into any discussions with any insurance firm for pre-IPO placements, as the process would start only after the IPO guidelines were in place.
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Reliance Life IPO likely in Q1 of next financial year: Sam Ghosh

December 13, 2009 · Filed Under Reliance Insurance · Comment 

Anil Ambani Group’s life insurance venture Reliance Life expects to tap the capital market with its initial public offer in the first quarter of next fiscal, a top company official said here.

It will be realistic to think that the Reliance Life IPO happens sometime in the first quarter of the next financial year, Reliance Capital CEO Sam Ghosh told.
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Reliance General Insurance Goes the Virtual Way

November 4, 2009 · Filed Under Reliance Insurance · Comment 

Reliance General Insurance plans to deploy VMware virtualization solutions at its disaster recovery site to ensure business continuity. It is also looking to virtualize its storage and desktop infrastructure.

Earlier this year, the company had virtualized its server infrastructure to improve CPU utilization, overcome performance bottlenecks and ensure resources that can be quickly scaled to support new initiatives or business growth, a project that lead to 30-35% reduction in operating expenses. It has also achieved a server consolidation ratio of 10:1, which would need only two administrators to remotely manage the entire infrastructure, further improving application availability to near 100%.
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Reliance Life applies for Initial Public Offering in India

October 7, 2009 · Filed Under Reliance Insurance · Comment 

Reliance Life Insurance, a unit of billionaire Anil Ambani’s Reliance Capital Ltd., plans to sell as much as 20 percent of its equity if it gets approval from the Indian government for an initial public offering.

The company has applied to the finance ministry for a waiver on existing rules tied to listings, it said in an e- mailed statement today. The Mumbai-based firm has been in operation for seven years. Indian rules mandate life insurers be in business for 10 years before they are allowed to sell shares to the public.
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Reliance Life will focus more on health insurance products

October 6, 2009 · Filed Under Reliance Insurance · Comment 

RELIANCE LIFE Insurance, the insurance company which works under the Anil Ambani owned Reliance Capital, is focusing more on its health insurance segment rather than promoting its general insurance category. The company has taken this step after analysing a better distribution network of its health insurance business.

Chief Executive of Reliance Capital, Sam Ghosh said that the company is planning to sell three or four types of health insurance products through the life insurance company. The company is targeting a position among top three players in this segment with total 10 per cent market share in the next three years.
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Reliance Life to strengthen its health insurance products

October 3, 2009 · Filed Under Reliance Insurance · Comment 

Eyeing a place among the top-three health insurers in the country within three years, Anil Ambani group firm Reliance Life Insurance today said it is strengthening its portfolio of health insurance products in the coming months.
Reliance Life Insurance currently has one hybrid health product providing wealth accumulation along with health insurance.
The company will be strengthening the portfolio in the coming months with a basket full of health insurance products total reimbursable health expenses, individual and family floater on both group and individual product platforms, long term care among others, Reliance Capital CEO Sam Ghosh said.
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Rel Life Insurance targets indian rural mart

September 22, 2009 · Filed Under Reliance Insurance · Comment 

After growing its life insurance business at above average growth rate in the last three years, ADA Group is now entering the rural market in a big way.

Reliance Life Insurance is targeting about Rs 500 crore of new premium from rural areas over the next three years, compared to just about Rs 10 crore now. The group is also on track to infuse additional equity capital into its life business, taking the total equity base of Reliance Life to over Rs 3,000 crore from Rs 2,700 crore now, said Sam Ghosh, CEO, Reliance Capital, which is the parent company for ADAG’s life insurance business.
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