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IRDAI slaps Rs 85 lakh on Reliance Life for violating norms

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

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 Life's new business up 40% at Rs 1,934 cr in FY14

The company had earned new premium income of 1,377 crore in the previous fiscal (2012-13).

Reliance Life new business income grows 56%

Leading private insurer Reliance Life Insurance has recorded a 56 percent surge in its new business premium income in the first nine months of this fiscal and expects further growth in the current quarter.

Reliance General Insurance hopes to post profit this fiscal

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

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

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

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

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

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

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

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

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.