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Court asks Reliance Insurance to pay medi claim
The district Consumer Disputes Redressal Forum has directed Reliance General Insurance Company to pay Rs 1 lakh as mediclaim to an advocate member of the High Court Lawyers Public Charitable Trust. The company has also been directed to pay Rs 10,000 as compensation for causing mental agony and harassment.
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Reliance Life Insurance introdues plans with guaranteed returns
Anil Dhirubhai Ambani Group firm Reliance Life Insurance on Monday said it has launched two unit-linked insurance plans with insurance and pension options, which assure investors of guaranteed returns on maturity.
The new plans launched under the ‘Reliance Guaranteed Return Plan Series I’ with insurance and pension options would have fixed term of five years, Reliance Life Insurance said in a statement.
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Reliance Life has big hiring plans. 2,500 managers, 90k advisers by March
As per ET report, Reliance Life Insurance is set to hire 2,500 managers, besides 90 thousand advisers in the next four months.
“We are planning to add close to 2,500 employees and 90,000 advisers by the end of March next year,” Reliance Life Insurance Chief Executive Officer P Nandagopal said.
Reliance Life launches Project School on Wheels
Reliance Life Insurance has announced the launch of its ‘School on Wheels’ project in association with Project Crayon, an NGO focused on child rights and youth development. The project, which is part of Reliance Life’s corporate social responsibility endeavor, was launched by Tina Ambani in Mumbai on Friday. Continue Reading »»
Reliance Life Insurance launches “Super Invest Assure Plan†in market
Anil Ambani’s Reliance Life Insurance, the fourth largest private insurer in the country has launched the first-of-its-kind Reliance Super InvestAssure Plan (RSIP) in the market.
RSIP is company’s first pure equity unit linked insurance plan (ULIP), which offers guaranteed additional contribution for policyholders, apart from rich investment returns and maturity benefits.
Reliance Life Insurance launches RSIP
Anil Dhirubhai Ambani Group firm Reliance Life Insurance today launched a pure equity unit linked insurance plan that provides investors an opportunity to invest in eight different fund options, including a Shariah compliant fund.
Reliance Life Insurance, the fourth largest private insurer in the country, has introduced ‘Reliance Super InvestAssure Plan (RSIP)’ that offers guaranteed additional contribution for policyholders, apart from returns on investment and maturity benefits.
This is Reliance Life’s first pure equity unit linked insurance plan (ULIP) and has added Shariah compliant features like having no investments into industries such as non-banking finance, liquor, cigarettes, tobacco, and sugar among others, a company statement said.
RSIP is designed to provide an opportunity to invest funds in eight different fund options, including the Gilt and sectoral funds like infrastructure, energy and mid-cap which provide relatively higher returns, it said.
“One of the unique propositions of RSIP is that it contributes into a policyholder’s account from 50 per cent (in 10th year) to 250 per cent (by 30th year) of the paid annualised premiums. This is the additional income which policyholders will get from the company and it will have compounded growth as well, depending on market conditions,” Reliance Life Insurance CEO P Nandagopal said.
We aim to make it our top-selling product given the additional values and sound maturity benefits and expect a sales contribution of 20-25 per cent by the end of this financial year, Nandagopal added.
It also provides a plan for a child of 30 days and covers life of the insured up to 20 times of the annual premium, depending on the age.
Source: business-standard.com
Haryana inks MoU with Reliance Insurance
Haryana inks MoU with Reliance Insurance
Business Standard - Mumbai,Maharashtra,India
The Haryana government has entered into a Memorandum of Understanding (MoU) with Reliance General Insurance Company Ltd for implementing Rajiv Gandhi …