Reliance Life Insurance launches ‘Smart Pension Plan’




Reliance Life Insurance Company (RLIC), one of the largest selling private life insurers, announced the launch of its innovative pension scheme ‘Reliance Life Insurance Smart Pension Plan’.

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LIC chosen as default NPS annuity service provider

Pension fund regulator PFRDA has chosen state-run LIC as the default annuity service provider for subscribers exiting from New Pension System (NPS) and seeking withdrawal of accumulated pension wealth. Read more

Life insurance persistency good in first year, not in the long term

Life insurance companies are witnessing healthy growth in persistency in short period of one-year however, that is not the case in long term. As per data on persistency for the financial year 2011-12, insurers registered an average of 64.4 per cent policies renewed in second year, it was 64.3 per cent in last year. However, the average persistency ratio for fifth year was 46.5 per cent, which was 48 per cent in previous year. Read more

Tax violation notices served on Reliance Life Insurance, Sahara Life Insurance and other insurers

Eight private insurance companies, including Reliance Life and Sahara India Life have been served show-cause notices by the Revenue department for alleged tax violation, Parliament was informed. Read more

Tata AIA Life Insurance, Reliance Life Insurance collections plunge

Tata AIA and Reliance Life witnessed steepest decline in the collection of life insurance premium during the six-month period ending September 2012, Parliament was informed. Read more

Reliance Life Insurance hires 200 women insurance advisors

Reliance Life Insurance Company (RLIC) today said it has hired around 200 women insurance advisors for its distribution channel and plans to scale up the recruitment in the next few months. This was announced by the company while launching its ‘Face-to-Face’ distribution channel is aimed at servicing customers whose agents have become inactive. Read more


Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, today announced the launch of ‘Face-to-Face’ distribution channel to service its orphan customers and provide post-sales service to policyholders. 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