Reliance Life Insurance today announced the appointment of Anup Rau as the new chief executive of the company. His appointment is however subject to the approval from Insurance Regulatory and Development Authority (IRDA). Read more
Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, announced the launch of Career Agency, a new distribution channel aimed at enhancing the companyâ€™s reach and footprints across the country.Â The new sales format offers a fixed stipend structure to prospective advisors, looking at insurance as a long-term professional career, during the training period.
This is a first-of-its-kind distribution channel based on stipend and variable commission pay-out structure by any private insurer in the domestic insurance Industry. Read more
Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, today announced the launch of â€˜Face-to-Faceâ€™ distribution channel to service its orphan customers and provide post-sales service to policyholders.Â Face-to-Face is a unique service-based sales platform introduced by Reliance Life Insurance in India, which aims at servicing customers whose agents have become inactive. Read more
Reliance Life Insurance plans four new products in health and annuity segments, as it expects the industry to limp back to growth in Â third and fourth quarters, with savers queuing up to buy policies to avoid taxes. Read more
Reliance Life Insurance Company (RLIC) introduced a distribution channel – Life Plaza – aimed at creating awareness about life insurance and said it plans to set up about 200 branches across the country by the end of the current financial year.
“The main objective of our new distribution format is to generate greater awareness about life insurance in and around different locations where these Life Plazas will operate and create a pull for life insurance products,” Malay Ghosh, President and Executive Director, Reliance Life Insurance, said.
RLIC targets to hire about 1,000 people under this new distribution format within this fiscal and would focus on Tier II, Tier III and Tier IV cities for recruitment and setting up of Life Plazas, he said. Read more
Leading private insurer Reliance Life has sought approval of the sectoral regulator IRDA for two new health plans and is aiming to Â launch them in current quarter.
“We have filed two health plans with the regulator. One is a reimbursement health plan and another one is a simple fixed benefit plan. Â We are awaiting approval from the regulator,” Reliance Life Insurance President and Executive Director Malay Ghosh told PTI. Read more
Reliance Life Insurance is targeting over 25 per cent growth in its new business premium at Rs 2,300 crore in the current fiscal, according to a senior Â official.
The company expects new business premium of Rs 2,300 crore in 2012-13, as against Rs 1,809 crore collected in the last fiscal. Read more
Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, today announced that the company has hired over 10,000 insurance advisors in the current financial year. Read more
Leading private sector insurer Reliance Life is targeting a total premium income of Rs 6,100 crore and over 10 per cent growth in the current financial year, a top company official said. Read more