Reliance Life Insurance - Revision history

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← Older revision		Revision as of 08:39, 13 May 2022
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	\| type = [[Joint venture]]		\| type = [[Joint venture]]
	\| industry = [[Financial services]]		\| industry = [[Financial services]]
	\| products = [[Life insurance]]<br>[[Investment management]]		\| products = [[Life insurance]]<br />[[Investment management]]
	\| location = [[Santacruz, Mumbai\|Santacruz]], [[Mumbai]], India		\| location = [[Santacruz, Mumbai\|Santacruz]], [[Mumbai]], India
	\| founded = 14 May 2001		\| founded = 14 May 2001
	\| key_people = [[Anil Ambani]] <br> {{small\|(Chairman)}} <br> Ashish Vohra <br> {{small\|(CEO)}}		\| key_people = [[Anil Ambani]] <br /> {{small\|(Chairman)}} <br /> Ashish Vohra <br /> {{small\|(CEO)}}
	\| assets = {{INRConvert\|150\|b}}<ref>{{cite web \|url=http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx \|title=Reliance Life Insurance assets cross Rs 15,000 crore \|work=Hindustan Times \|date=23 August 2010 \|access-date=21 December 2010 \|url-status=dead \|archive-url=https://web.archive.org/web/20101101034913/http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx \|archive-date=1 November 2010 \|df=dmy-all }}</ref>		\| assets = {{INRConvert\|150\|b}}<ref>{{cite web \|url=http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx \|title=Reliance Life Insurance assets cross Rs 15,000 crore \|work=Hindustan Times \|date=23 August 2010 \|access-date=21 December 2010 \|url-status=dead \|archive-url=https://web.archive.org/web/20101101034913/http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx \|archive-date=1 November 2010 \|df=dmy-all }}</ref>
	\| homepage = {{URL\|https://www.reliancenipponlife.com/}}		\| homepage = {{URL\|https://www.reliancenipponlife.com/}}
	\| parent = [[Reliance Capital]]<br>[[Nippon Life]]		\| parent = [[Reliance Capital]]<br />[[Nippon Life]]
	\| footnotes =		\| footnotes =
	}}		}}
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	As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over {{formatnum:124000}} advisors.		As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over {{formatnum:124000}} advisors.

	Reliance Nippon Life Insurance is a part of [[Reliance Capital]] of the Reliance [[Anil Dhirubhai Ambani Group]]. <ref>{{cite web\|url=http://www.slideshare.net/abhineetpsingh/about-reliance-life-insurance\|title=About reliance life insurance\|website=Slideshare.net\|access-date=29 July 2018}}</ref>		Reliance Nippon Life Insurance is a part of [[Reliance Capital]] of the Reliance [[Anil Dhirubhai Ambani Group]].<ref>{{cite web\|url=http://www.slideshare.net/abhineetpsingh/about-reliance-life-insurance\|title=About reliance life insurance\|website=Slideshare.net\|access-date=29 July 2018}}</ref>
	<ref>{{cite web\|url=http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-Capital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-16866779/\|title=Reliance Capital Limited : Reliance Capital announces results for year ended March 31, 2013 \|website=4-traders.com\|access-date=29 July 2018}}</ref><ref>[https://archive.today/20130701130939/http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781] </ref>		<ref>{{cite web\|url=http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-Capital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-16866779/\|title=Reliance Capital Limited : Reliance Capital announces results for year ended March 31, 2013 \|website=4-traders.com\|access-date=29 July 2018}}</ref><ref>{{cite web \|url=http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781 \|title=Archived copy \|website=www.indiainfoline.com \|access-date=3 February 2022 \|archive-url=https://archive.today/20130701130939/http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781 \|archive-date=1 July 2013 \|url-status=dead}}</ref>

	==Important ~~Landmarks~~==		==Important landmarks==

	Some of the important landmarks achieved by the company are:<ref name="Reliance Ref1">{{cite news \|title=Reliance Life Insurance Company {{!}} IBEF \|url=https://www.ibef.org/industry/insurance-sector-india/showcase/reliance-life-insurance-company \|access-date=4 May 2021 \|publisher=www.ibef.org}}</ref>		Some of the important landmarks achieved by the company are:<ref name="Reliance Ref1">{{cite news \|title=Reliance Life Insurance Company {{!}} IBEF \|url=https://www.ibef.org/industry/insurance-sector-india/showcase/reliance-life-insurance-company \|access-date=4 May 2021 \|publisher=www.ibef.org}}</ref>

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← Older revision		Revision as of 15:05, 6 October 2021
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	== History ==		== History ==

	The company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments: protection, children, retirement and investment plans. Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100,000 agents.<ref name="Reliance Ref1" />		The company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments: protection, children, retirement and investment plans. Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100,000 agents.<ref name="Reliance Ref1" /><ref>{{Cite web \|url=http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman \|title=Archived copy \|access-date=1 July 2013 \|archive-url=https://web.archive.org/web/20140202224314/http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman \|archive-date=2 February 2014 \|url-status=dead \|df=dmy-all }}</ref><ref>{{cite web\|url=http://www.business-standard.com/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-112081700109_1.html\|title=Reliance Capital completes MF stake sale to Nippon Life\|date=17 August 2012\|access-date=29 July 2018\|publisher=[[Business Standard]]}}</ref><ref>{{cite web\|url=https://www.thehindu.com/business/companies/Nippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece\|title=Nippon Life to buy 26% in Reliance Life\|date=14 March 2011\|access-date=29 July 2018\|website=Thehindu.com}}</ref>
	{\| class="wikitable"		{\| class="wikitable"
	\|-		\|-
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	\| 2016 \|\| Nippon acquires 49% stake in Reliance Life Insurance Company		\| 2016 \|\| Nippon acquires 49% stake in Reliance Life Insurance Company
	\|-		\|-
	<ref>{{Cite web \|url=http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman \|title=Archived copy \|access-date=1 July 2013 \|archive-url=https://web.archive.org/web/20140202224314/http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman \|archive-date=2 February 2014 \|url-status=dead \|df=dmy-all }}</ref>
	<ref>{{cite web\|url=http://www.business-standard.com/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-112081700109_1.html\|title=Reliance Capital completes MF stake sale to Nippon Life\|date=17 August 2012\|access-date=29 July 2018\|publisher=[[Business Standard]]}}</ref>
	<ref>{{cite web\|url=https://www.thehindu.com/business/companies/Nippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece\|title=Nippon Life to buy 26% in Reliance Life\|date=14 March 2011\|access-date=29 July 2018\|website=Thehindu.com}}</ref>
	\|}		\|}

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{{distinguish|Reliance LYF}}
{{EngvarB|date=February 2014}}
{{Use dmy dates|date=February 2014}}
{{Infobox company
| name = Reliance Nippon Life Insurance Company Limited
| logo = RelianceNipponLifeLogo.png
| logo_caption = Reliance Nippon Life Insurance
| type = [[Joint venture]]
| industry = [[Financial services]]
| products = [[Life insurance]] [[Investment management]]
| location = [[Santacruz, Mumbai|Santacruz]], [[Mumbai]], India
| founded = 14 May 2001
| key_people = [[Anil Ambani]] {{small|(Chairman)}} Ashish Vohra {{small|(CEO)}}
| assets = {{INRConvert|150|b}}<ref>{{cite web |url=http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx |title=Reliance Life Insurance assets cross Rs 15,000 crore |work=Hindustan Times |date=23 August 2010 |access-date=21 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20101101034913/http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx |archive-date=1 November 2010 |df=dmy-all }}</ref>
| homepage = {{URL|https://www.reliancenipponlife.com/}}
| parent = [[Reliance Capital]] [[Nippon Life]]
| footnotes =
}}

'''Reliance Nippon Life Insurance Company''' (RNLI) is one of the life insurance companies in [[India]]. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.

== History ==

The company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments: protection, children, retirement and investment plans. Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100,000 agents.<ref name="Reliance Ref1" />
{| class="wikitable"
|-
| 2001|| AMP Sanmar Life Insurance Company was formed
|-
| 2002 || AMP gets IRDA approval to commence business
|-
| 2005 || Reliance Life Insurance takes over AMP Sanmar
|-
| 2006 || Name changed to Reliance Life Insurance Co. Ltd.
|-
| 2007 || ISO 9001:2000 Certification
|-
| 2008 || Becomes 4th largest private insurer
|-
| 2010 || Becomes the largest private insurer in number of policies
|-
| 2011 || [[Nippon Life]] signs definitive agreement to acquire 26% of the company.
|-
| 2016 || Nippon acquires 49% stake in Reliance Life Insurance Company
|-
<ref>{{Cite web |url=http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman |title=Archived copy |access-date=1 July 2013 |archive-url=https://web.archive.org/web/20140202224314/http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman |archive-date=2 February 2014 |url-status=dead |df=dmy-all }}</ref>
<ref>{{cite web|url=http://www.business-standard.com/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-112081700109_1.html|title=Reliance Capital completes MF stake sale to Nippon Life|date=17 August 2012|access-date=29 July 2018|publisher=[[Business Standard]]}}</ref>
<ref>{{cite web|url=https://www.thehindu.com/business/companies/Nippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece|title=Nippon Life to buy 26% in Reliance Life|date=14 March 2011|access-date=29 July 2018|website=Thehindu.com}}</ref>
|}

== Description ==
As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over {{formatnum:124000}} advisors.

Reliance Nippon Life Insurance is a part of [[Reliance Capital]] of the Reliance [[Anil Dhirubhai Ambani Group]]. <ref>{{cite web|url=http://www.slideshare.net/abhineetpsingh/about-reliance-life-insurance|title=About reliance life insurance|website=Slideshare.net|access-date=29 July 2018}}</ref>
<ref>{{cite web|url=http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-Capital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-16866779/|title=Reliance Capital Limited : Reliance Capital announces results for year ended March 31, 2013 |website=4-traders.com|access-date=29 July 2018}}</ref><ref>[https://archive.today/20130701130939/http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781] </ref>

==Important Landmarks==

Some of the important landmarks achieved by the company are:<ref name="Reliance Ref1">{{cite news |title=Reliance Life Insurance Company {{!}} IBEF |url=https://www.ibef.org/industry/insurance-sector-india/showcase/reliance-life-insurance-company |access-date=4 May 2021 |publisher=www.ibef.org}}</ref>

2010 - Achieves status as largest private insurer in number of policies.

2008 - Establishes as 4th largest private insurer.

2006 - Renamed to Reliance Life Insurance Co Ltd.

2005 - Acquires AMP Sanmar.

2001 - Incorporation of AMP Sanmar Life Insurance Company.

==See also==
* [[Nippon Life]]

==References==
{{Reflist|2}}

== External links ==
* {{official website|http://www.reliancenipponlife.com/}}

{{Reliance Anil Dhirubhai Ambani Group}}
{{Insurance in India}}

[[Category:Financial services companies established in 2001]]
[[Category:Life insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Reliance Group]]
[[Category:Nippon Life]]
[[Category:2001 establishments in Maharashtra]]