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IRDAI slaps Rs 85 lakh on Reliance Life for violating norms

Last Updated: Friday, August 7, 2015, 22:43

Insurance sector regulator IRDAI has slapped a penalty of Rs 85 lakh on Reliance Life for violation of various norms, including outsourcing guidelines.

Ordinance boost: RCap eyes foreign funds in insurance ventures

Last Updated: Sunday, December 28, 2014, 15:16

Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 percent stakes.

Reliance General Insurance hopes to post profit this fiscal

Last Updated: Sunday, January 12, 2014, 20:21

Private-sector insurer Reliance General Insurance hopes to register profit in the current financial year on the back of a diversified portfolio and reduced dependence on motor segment, a top company official has said.

Rel Life to focus on traditional plans, agent productivity

Last Updated: Sunday, October 27, 2013, 12:45

Leading private sector insurer Reliance Life Insurance says it is focussing on traditional products and agent productivity to boost insurance penetration in the country.

New Reliance health insurance plan for women, girl child

Last Updated: Sunday, July 14, 2013, 17:39

With just 2 percent of working women having health insurance cover in India, Reliance General Sunday announced a new product for their inclusion and empowerment which also covers the girl child.

Reliance General Insurance hopes to grow 20% in FY14

Last Updated: Sunday, June 9, 2013, 21:24

The private general insurer had a premium growth of 17.37 percent to Rs 2,010 crore by the end of last financial year.

Reliance General Insurance hopes to grow 20% in FY14

Last Updated: Sunday, June 9, 2013, 16:27

Private sector general insurer Reliance General Insurance expects to grow around 20 percent in the current financial year, a top company official said.

SBI, Reliance witness steep decline in life insurance premium

Last Updated: Tuesday, April 30, 2013, 18:13

The life insurance industry witnessed a drop of six percent in premium collection during the 2012-13 fiscal, with large private sector insurers like SBI Life and Reliance Life recording a steep fall in premium income.

Reliance Life Insurance unveils new distribution channel

Last Updated: Wednesday, November 21, 2012, 17:18

Reliance Life Insurance, a unit of Reliance Capital, Wednesday unveiled a new distribution system called "face-to-face" to focus on servicing customers whose agents have become inactive.

Cost rationalisation to improve R-Cap profits: Deutsche Bank

Last Updated: Monday, October 8, 2012, 15:07

Deutsche Bank said the growth prospects are improving for various subsidiaries and Reliance Life is expected to witness new business growth of 10-12 percent over next two years in life insurance, compared to 35-45 percent decline in last two years.

Reliance Life Insurance launches new ULIP

Last Updated: Tuesday, February 28, 2012, 22:46

Reliance Life Insurance Company (RLIC), part of Reliance Capital Ltd, Tuesday announced the launch of a new unit-linked insurance plan, offering both regular as well as single premium options.