Reliance General Insurance: Difference between revisions

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{{short description|Indian insurance company}}
{{short description|Indian insurance company}}
{{Multiple issues|
{{unreliable sources|date=October 2021}}
{{primary sources|date=March 2017}}
{{Notability|Corp|date=May 2022}}
}}
{{Use dmy dates|date=May 2018}}
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{primary sources|date=March 2017}}
 
{{Infobox company
{{Infobox company
| name = Reliance General Insurance Co. Ltd.
| name = Reliance General Insurance Company Limited
| logo = File:Reliance General Insurance.svg
| logo = Logo-reliance-general-insurance-1.png
| caption =
| caption =
| type        = [[Private company|Private]]
| type        = [[Private company|Private]]
Line 11: Line 17:
| foundation = {{start date and age|df=y|17 August 2000}}  
| foundation = {{start date and age|df=y|17 August 2000}}  
| founders = [[Anil Ambani]]  
| founders = [[Anil Ambani]]  
| location_city = Santacruz, [[Mumbai]]  
| location_city = Westin, Goregaon, [[Mumbai]]  
| location_country = [[India]]
| location_country = [[India]]
| area_served =  
| area_served =  
| key_people =  Rakesh Jain (CEO)  
| key_people =  Rakesh Jain (CEO)<br>Hemant K Jain (CFO)<br>Prabhdeep Batra (CMO)<br>Raman Arora (COO)
| num_employees = 2,528 (March 2018)
| num_employees = 3,829 (September 2021)
| products    = [[General insurance]]<br>[[Health insurance]]<br>[[Vehicle insurance]]<br>[[Travel insurance]]<br>[[Home insurance]]<br>[[Crop insurance]]<br>[[Marine insurance]]
| products    = [[General insurance]]<br>[[Health insurance]]<br>[[Vehicle insurance]]<br>[[Travel insurance]]<br>[[Home insurance]]<br>[[Crop insurance]]<br>[[Marine insurance]]
| revenue =
| revenue =
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| subsid =
| subsid =
| parent =  [[Reliance Capital]]
| parent =  [[Reliance Capital]]
| homepage = {{URL|https://www.reliancegeneral.co.in/}}
| homepage =  
}}
}}


'''Reliance General Insurance Company Limited''' is an Indian private [[insurance]] company and a part of [[Reliance Anil Dhirubhai Ambani Group]], wholly owned through Reliance Capital. The Gross Written Premium for the year ended 31 March 2018, was at ₹5,122 crores (US$788 million) with a distribution network composed of over 128 branches and more than 27,888 intermediaries.<ref>{{cite news|title=Reliance General Insurance, Universal Sompo earn maiden net profit in FY14 | author=PTI | date=6 July 2014 |url=https://economictimes.indiatimes.com/wealth/personal-finance-news/reliance-general-insurance-universal-sompo-earn-maiden-net-profit-in-fy14/articleshow/37895517.cms?intenttarget=no|access-date=6 May 2018}}</ref>
'''Reliance General Insurance''' Company Limited is an [[India]]-based private [[insurance]] company and is part of [[Reliance Anil Dhirubhai Ambani Group]], wholly owned through Reliance Capital. As of March 31, 2021, Reliance General Insurance's distribution network is composed of over 129 branches with more than 52,595 intermediaries.<ref>{{cite news|title=Reliance General Insurance, Universal Sompo earn maiden net profit in FY14 | author=PTI | date=6 July 2014 |url=https://economictimes.indiatimes.com/wealth/personal-finance-news/reliance-general-insurance-universal-sompo-earn-maiden-net-profit-in-fy14/articleshow/37895517.cms?intenttarget=no|access-date=6 May 2018}}</ref>


== History ==
== History ==
Reliance General Insurance was incorporated on 17 August 2000. It received the license to conduct general insurance business in India from the [[Insurance Regulatory and Development Authority|Insurance Regulatory Development Authority of India]] (IRDAI) on 23 October 2000. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by [[Reliance Capital]].<ref>{{cite web|title=Company Overview of Reliance Capital Limited.|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9438379|website=Bloomberg|access-date=21 March 2017}}</ref>
Reliance General Insurance was incorporated on 17 August 2000.<ref>{{cite news|title=RELIANCE GENERAL INSURANCE COMPANY LIMITED |url=https://economictimes.indiatimes.com/company/reliance-general-insurance-company-limited/U66603MH2000PLC128300|access-date=13 April 2022}}</ref> It received the license to conduct general insurance business in India from the [[Insurance Regulatory and Development Authority|Insurance Regulatory Development Authority of India]] (IRDAI) on 23 October 2000. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by [[Reliance Capital]].{{citation needed|date=May 2022}}
 
== Management ==
Rakesh Jain serves as the chief executive officer and executive director. Before taking this role, he served as the director – Corporate Centre & CFO at [[ICICI Lombard]] GIC Ltd. He has received the 'Best CFO' award in the financial services Sector given by the [[Institute of Chartered Accountants of India|Institute of Chartered Accountants Of India]].<ref>{{cite web|title=Company Overview of Reliance General Insurance Company Limited|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=28526399|website=Bloomberg|access-date=21 March 2017}}</ref>


Hemant K Jain is the chief financial officer. Prabhdeep Batra holds the position of chief marketing officer for corporate business. Anand Singhi serves as the chief distribution officer.
Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited ({{Bombay Stock Exchange|500111}}, {{National Stock Exchange of India|RELCAPITAL}}) a diversified financial services holding company promoted by Reliance Group.{{citation needed|date=May 2022}}


== Services ==
== Services ==
Reliance General Insurance offers insurance services across the domains of motor, health, travel and home. The commercial insurance services include commercial vehicle, office and marine.
{{Unreferenced section|date=May 2022}}
In travel, Reliance General Insurance provides plans for overseas trips such as [[Schengen]], [[Asia]], and the [[US]]. Travel plans tailored for students and senior citizens are also available.


[[Motor insurance]] covers four-wheeler, two-wheeler and commercial vehicles. Services such as roadside assistance and cashless facilities through a network of around 2400 garages are provided. Under Health, there are several plans to choose from. They include Healthgain (can be availed in installments), Wellness, Critical Illness and Personal Accident.
Under Commercial Line Portfolio insurance such as fire, home, indemnity, public, marine, public liability, director’s & officer’s liability, plant & machinery.


In travel, Reliance General Insurance provides plans for overseas trips such as [[Schengen Area|Schengen]], [[Asia]] and the US. Travel plans tailored for students and senior citizens are also available. The home insurance portfolio covers house contents against theft and damage.
The [[home insurance]] portfolio covers house contents against theft and damage.
 
== Reliance Capital ==
{{Main|Reliance Capital}}
 
Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited (BSE: 500111, NSE: RELCAPITAL), a diversified financial services holding company promoted by Reliance Group.
 
== Awards ==
Reliance General Insurance was awarded as India's first insurance company to get an ISO 9001:2008 certification for end-to-end services of general insurance product offerings across India. It won the "General Insurance company of the year" award at the Indian Insurance Awards in 2015. In 2016, the company received ET Best BFSI Brands.<ref>{{cite web|title=Awards and Recognitions|url=https://www.reliancegeneral.co.in/Insurance/About-Us/Awards-and-Recognition.aspx|website=Reliance General Insurance|access-date=21 March 2017}}</ref>


== References ==
== References ==
{{Reflist}}
{{Reflist}}
== External links ==
* {{official}}


{{Major insurance companies}}
{{Major insurance companies}}
{{Insurance in India}}
{{Insurance in India}}


[[Category:Financial services companies established in 2000]]
[[Category:Financial services companies established in 2000]]

Latest revision as of 01:50, 13 May 2022



Reliance General Insurance Company Limited
IndustryFinancial services
Founded17 August 2000; 24 years ago (17 August 2000)
Founder(s)sAnil Ambani
Headquarters
Westin, Goregaon, Mumbai
,
India
Key people
Rakesh Jain (CEO)
Hemant K Jain (CFO)
Prabhdeep Batra (CMO)
Raman Arora (COO)
ProductsGeneral insurance
Health insurance
Vehicle insurance
Travel insurance
Home insurance
Crop insurance
Marine insurance
Number of employees
3,829 (September 2021)
ParentReliance Capital

Reliance General Insurance Company Limited is an India-based private insurance company and is part of Reliance Anil Dhirubhai Ambani Group, wholly owned through Reliance Capital. As of March 31, 2021, Reliance General Insurance's distribution network is composed of over 129 branches with more than 52,595 intermediaries.[1]

History[edit]

Reliance General Insurance was incorporated on 17 August 2000.[2] It received the license to conduct general insurance business in India from the Insurance Regulatory Development Authority of India (IRDAI) on 23 October 2000. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by Reliance Capital.[citation needed]

Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited (BSE: 500111, NSE: RELCAPITAL) a diversified financial services holding company promoted by Reliance Group.[citation needed]

Services[edit]

In travel, Reliance General Insurance provides plans for overseas trips such as Schengen, Asia, and the US. Travel plans tailored for students and senior citizens are also available.

Under Commercial Line Portfolio insurance such as fire, home, indemnity, public, marine, public liability, director’s & officer’s liability, plant & machinery.

The home insurance portfolio covers house contents against theft and damage.

References[edit]

  1. ↑ PTI (6 July 2014). "Reliance General Insurance, Universal Sompo earn maiden net profit in FY14". Retrieved 6 May 2018.
  2. ↑ "RELIANCE GENERAL INSURANCE COMPANY LIMITED". Retrieved 13 April 2022.

Template:Major insurance companies

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