close
This ad will auto close in 10 seconds

Nippon Life Insurance raises stake in Reliance Life to 49%

Reliance Capital, the holding company of Reliance Life, received Rs 2,265 crore for the deal.

Reliance Life gets nod for $350 mn more equity from Nippon Life

Reliance Life gets nod for $350 mn more equity from Nippon Life

The Foreign Investment Promotion Board has granted approval to Japan`s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.

FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod

FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod

The Foreign Investment Promotion Board (FIPB) Monday cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers

Insurance FDI cap hike sees inflow in Joint Ventures; $1billion likely in 2016

The long pending demand of insurance players for raising the FDI cap to 49 percent was fulfilled this year leading to greater flow of foreign funds into India's private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016. 

Reliance Life to hire 5,000 insurance agents, 2,000 sales staff

Reliance Life to hire 5,000 insurance agents, 2,000 sales staff

The company has already hired close to 15,000 insurance advisors in the recent months and the planned hiring activities would take the total recruitment of agents to 20,000 people in the current fiscal ending March 31, 2016.

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

 

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

Zee Media Bureau

New Delhi: Anil Ambani on Wednesday said that Japanese financial services giant Nippon Life is in talks to hike its stake in Reliance Life Insurance from 26 percent to 49 percent and in Relaince MF from the existing 35 percent to 49 percent.

Reliance Life launches endowment plan with fixed returns

Reliance Life Insurance on Tuesday launched endowment plan that provides fixed returns.

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 Insurance launches online life cover plan

Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, Monday launched an online life cover plan called "Reliance Online Term".

Reliance Life launches new traditional product

The new plan is a regular premium non-linked scheme that offers a mix of long-term protection and savings along with the benefit of guaranteed lump sum payment every three years, a company release said.

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 Life to launch nine new products by Jan-end

Private life insurer Reliance Life Insurance today said it plans to launch nine products, which are complied with the new product guidelines, by the end of this month.

IRDA asks Reliance Life to tighten anti-money laundering norms

The Insurance Regulatory and Development Authority (IRDA) said, "The receipt of this letter be acknowledged and compliance submitted before December 31, 2013."

Reliance Life proprietary channel hiring to grow by 20% in FY15

"With the customer-centric distribution channels we are focusing on small towns and non-urban India and aiming to reach out to those 70 percent of the populace who are yet to benefit from life insurance.

R-Life relies on 'old is gold' strategy; lines up 25 new plans

Reliance Life Insurance Company (RLIC) Thursday said it will launch 25 new products beginning next year with a focus on 'traditional plans' and provide need-based insurance solution to customers.

Reliance Life launches initiative to revive lapsed policies

Reliance Life Insurance Company said Wednesday it has launched a new initiative to revive lapsed policies for its policy-holders.

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.

Reliance Life Insurance lodges complaints against fraudsters

The company is taking the assistance of police and investigating agencies to check the increasing incidences of frauds.

Reliance Life Insurance launches new pension plan

Reliance Life Insurance Monday said it has launched a new pension plan, which encourages early saving for post-retirement financial independence.