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Reliance Life Insurance plans four new products in health and annuity segments, as it expects the industry to limp back to growth in  third and fourth quarters, with savers queuing up to buy policies to avoid taxes. Read more
Reliance Life Insurance Company has posted an over three-fold surge in its net profit to Rs 31 crore for the quarter ended  September 30.
The private sector insurer also saw its total funds under management grow by 16 per cent in the second quarter of current  fiscal to Rs 19,417 crore, Reliance Life said in a statement. Read more
Taking a leaf out of its Japanese partner Nippon Life’s book, private sector insurer Reliance Life has begun its post-sales service drive across the country and plans to cover over 10 lakh customers by March next.
Reliance Life Insurance Company (RLIC) has asked its 1.5 lakh representatives, including staff, advisors and channel partners to meet about ten per cent (over one million) of its existing customers by end of current fiscal to provide services beyond premium collection.
RLIC, part of Anil Ambani-led Reliance Group’s financial services arm Reliance Capital, has begun this drive under its ‘Reliance Life Plus Club’ initiative. 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
Life insurers agreed that there have been enquiries about commission paid to corporate agents Read more
Leading private insurer Reliance Life has sought approval of the sectoral regulator IRDA for two new health plans and is aiming to  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  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
Reliance Life Insurance, one of India’s leading private life insurance company shared its plans to launch a new pension insurance plan sometime in October 2012. Reliance Life is in the process of obtaining the approval for this product from IRDA. Read more