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.
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|