Opening up of China's insurance and pension sector is credit positive: Moody's Foreign financial institutions will also be allowed to set up or invest in pension fund management companies and hold more than 25% in insurance asset management firms. At the same time, foreign life insurers operating in China will be given greater management autonomy and more flexibility in their expansion plans. According to a commentary from Moody's Investors Service (financial institutions group) VP-senior analyst Frank Yuen and associate managing director Sally Yim, these rules are credit positive for China’s insurance industry because they will raise foreign participation in the industry and...
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The Insurance Regulatory and Development Authority (IRDA) is examining the proposal from Reliance Life Insurance to rope in Japanese insurer Nippon Life Insurance Company as a strategic partner with 26 per cent stake. “We received an application from them, I think, yesterday. We are examining it,” Mr J. Hari Narayan, Chairman, IRDA, told Business Line here on Wednesday. On Monday, Nippon Life signed an agreement with Reliance Capital, of which Reliance Life is a wholly-owned subsidiary, to acquire 26 per cent stake for Rs 3,062 crore. When asked whether there was any merger proposal from Reliance General Insurance and Royal Sundaram General Insurance Company, the Chairman said: “Yes. They...
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reliance-life-traditional-plans:traditional plan Reliance Life Insurance is amongst the top 5 private sector life insurance companies. The company is one of the largest non-bank supported private life insurer and currently it has 10 million policy holders, 800 branches and over 1, 00,000 advisors. Reliance Life caters to five distinct segments, namely Protection, Child, Retirement, Saving & Investment and Health; for individuals as well as Groups/Corporate entities. Reliance Life Insurance is a part of Reliance Capital of the Reliance Group. Reliance Capital is one of India's leading private sector financial services companies, and ranks among the top private sector financial services...
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Reliance Life Insurance Company Ltd in Ramdas Peth, Nagpur A part of the expansive branch network, Reliance Life Insurance Company Ltd. near Ramdas Peth, Nagpur caters to the insurance needs of the citizens. A unit of Reliance Capital, this organisation is a leading private sector life insurance company in India. It was established with a vision to become a company that people are proud of, trust in, and grow with, and to provide financial independence to every life they touch. With this vision in mind, this insurance company caters to five distinct segments, namely protection, child, retirement, saving and investment, and health. In FY 2016, Nippon Life increased its stake in the company,...
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Nippon Life Insurance (NLI), a Fortune 500 company and one of the largest life insurers in the world, has signed definitive agreements to increase its stake in Reliance Life Insurance (RLIC), a part of Reliance Capital Ltd. from the existing 26 per cent to 49 per cent. “We are delighted that the outstanding relationship between our two companies has now grown into an equal partnership, with NLI increasing their stake – first, in our asset management business, and now, in our Life Insurance business - to 49 per cent. Life Insurance is one of Reliance Capital’s major businesses, and we believe Nippon Life’s experience of over 125 years will accelerate our growth in this space,” said Mr. Anil...
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Compare Reliance life and income protection policies Who is Reliance Life Insurance? Reliance Life Insurance Company is a leading life insurance provider that offers its policies to more than nine million customers worldwide. Reliance offers life insurance products for both individuals and groups, with an extensive network of more than 1,200 branches and over 100,000 insurance agents. Founded in India by Shri. Dhirubhai H. Ambani, Reliance is now India’s largest private sector enterprise. The company is a part of Reliance Capital, which has interests in mutual funds, asset management, stock broking, private equity, general insurance and a range of other financial products and services....
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Nippon to acquire 23% more in Reliance Life Insurance for Rs 2,500 cr New Delhi: Japan's Nippon Life Insurance plans to acquire another 23 percent stake in Reliance Life Insurance for about Rs 2,500 crore. Nippon's stake in the company, when the deal comes through, will increase to 49 percent - the upper limit for a foreign player in the private sector insurance firm. Sources said it has agreed to pay Rs 2,500 crore for the additional stake acquisition, putting Reliance Life Insurance's valuation at around Rs 11,000 crore. "The due diligence process is complete and final documents for the deal are being drawn up. The deal is expected to be announced in next 2 to 3 weeks," the sources added...
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About Reliance Life Insurance Co. Reliance Life Insurance Company (RLIC) is a joint venture of Reliance Capital of the Reliance Group and Japan’s largest private life insurer Nippon Life Insurance Company. The company evolves itself as the largest non-bank supported private life insurance company which has the quantum of over 10 million policyholders supported by a strong delivery network of over 700 branches and more than 75,000 advisors as on March 31, 2017. RLIC offers products targeted at individuals and groups/corporate entities, catering to five distinct segments – Protection, Health, Child, Saving & Investment, and Retirement plans. How Claim Settlement Ratio (CSR) is...
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Nippon Life to pay Rs2,265 crore to raise stake in Reliance Life to 49% Reliance Life Insurance will change its name to Reliance Nippon Life Insurance in line with the new shareholding structure Mumbai: Japan-based Nippon Life Insurance Co. on Tuesday signed definitive agreements to increase its stake in Reliance Life Insurance to 49% from 26%. Japan’s second largest life insurance company will invest Rs. 2,265 crore to acquire the additional 23% stake in the company that is part of Anil Ambani-controlled Reliance Capital Ltd. The company’s name will be changed to Reliance Nippon Life Insurance Co. Ltd in line with the new shareholding structure. The transaction pegs Reliance...
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Best of The Best: Top 3 Reliance Life Insurance Plans for You Every day in our lives comes with its own twists and turns, and there is no way that one could know what is going to happen next. But, that does not in any way mean that we cannot prepare for the future. And with the availability of so many diverse lives cover and life insurance plans, preparing for the future is now easier than ever. Reliance Life Insurance Company is one such establishment that offers a wide range of life insurance policies that the general public can choose from and buy to secure their own as well as their family’s life for the future. Reliance Life Insurance: The Best Three Plans Out of the many life...
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