Reliance Life Insurance Company

Go Back

Reliance Life Insurance Company

  • One of the largest life insurance companies in India
  • ISO 9001:2000 certified
  • Total Premium was Rs 4,283 crores (US$ 677.41 million)
  • Rated amongst the top 4 most life insurance brand

Reliance Life Insurance Company (RLIC) is amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP. The company has over 1 crore policy holders with a strong distribution network of over 900 branches with over 100,000 agents as of March 31, 2014. Reliance Life offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.

As of March 31, 2014, the Total Premium (net of re-insurance) was Rs 4,283 crores (US$ 677.41 million), whereas new business premium stood at Rs 1,934 crores (US$ 305.86 million). The company achieved a profit of Rs 359 crores (US$ 56.77 million). The company sold 580,000 policies during 2013-14 with total managed funds valuing to Rs 18,328 crores (US$ 2.89 trillion), through a wide network of distribution with 900 offices and over 100,000 advisors.

Rated amongst the top 4 most life insurance brand by Brand Equity & Nielsen Most Trusted Brand Survey 2014, the company aims to emerge as a transnational life insurer of global scale and standards.

Source: http://www.reliancelife.com/

Reliance Life Insurance Company: A Reliance Capital Company

2010 Becomes the largest private insurer in number of policies
2008 Becomes 4th largest private insurer
2006 Name changed to Reliance Life Insurance Co Ltd
2005 Reliance Life Insurance takes over AMP Sanmar
2001 AMP Sanmar Life Insurance Company was formed

Updated: December, 2014

Insurance
The total market size of the insurance sector in India is projected to touch US$ 350-400 billion by 2020.
x IBEF : India Brand Equity Foundation