Reliance Life Insurance

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Reliance Life Insurance company with a claim settlement ratio of 94.53% is one of the most well-known insurance companies in India. It is known to offer various types of insurance products depending on the various needs of its customers.

Benefits of Reliance Nippon Life Insurance:

With a comprehensive portfolio that covers a variety of life insurance plans that caters to the financial needs of a diverse customer base, Reliance Nippon Life Insurance Company makes it relatively easy to find the policy that perfectly meets your requirements. According to Brand Equity’s Most Trusted Brand Survey 2015, Reliance Nippon Life Insurance Company ranked among the Top Three Most Trusted Life Insurance Service Brands. Whether it is child plans, retirement solutions, savings and investment plans, or protection plans, Reliance Nippon has made all kinds of plans and policies available to individual entities as well as groups.

Different Types of Life Insurance Policies Offered by Reliance Nippon: 

Reliance Nippon Life Insurance Company has emerged as one of the leading insurance providers in the country for a reason, which, apart from its provision of quality products and services, is its knack of designing a comprehensive set of insurance policies to ensure that the varying needs of a diverse customer base are met with relative ease. Following are the different kinds of life insurance policies sold by Reliance Nippon Life Insurance Company: 

Reliance Nippon Life Protection Plans: 

Reliance Nippon Life protection plans are diverse to meet the needs and requirements of a vast customer base. Since the world is full of uncertainties and it is essential to ensure that our near and dear ones are financially secure at all stages of their lives, protection plans gain prime importance as they offer your family a lump sum amount to ensure that their financial needs are taken care of in case of your untimely demise. Following are the protection plans offered by Reliance Nippon Life Insurance Company: 

  • Reliance Nippon Life Protection Plus Plan: The Reliance Nippon Life Protection Plus plan is an individual pure risk, non-linked, non-participating, life insurance plan. It has the following plans under it: 
  • Plan Type   Basic Sum Assured    Tenure   
    Level Cover Plan  Rs.1 crore  35 years 
    Increasing Cover Plan  Rs.1 crore  35 years 
    Level Cover Plus Income Plan  Rs.1 crore  35 years 
    Whole of Life Cover Plan  Rs.1 crore  35 years 
  • Reliance Nippon Life Digi-Term Plan: This term plan is available online and can be availed in just a few clicks. It offers a substantial insurance cover at a very nominal cost. It’s 1 crore from Reliance. It has the following options under it: 
  •    
    Plan Type   Basic Sum Assured  Tenure
    Life Secure  Rs.1 crore  30 years 
    Enhanced Life Secure  Rs.50 lakh  35 years 
    Life and Income Secure  Rs.50 lakh  35 years 
    Life Secure with Increasing Income Benefit  Rs.1 crore  35 years 
    Whole Life Secure  Rs.50 lakh 

    Reliance Nippon Life Savings and Investment Plans: 

    Reliance Nippon Life savings and investment plans provide the dual benefit of returns on the amount of money you invested in addition to whole life cover. If you have long term objectives such as taking your family on a long exotic vacation or buying that dream house you’ve been eyeing for a while, savings and investment plans are designed just to turn your dreams into reality. 

    Following is a comprehensive list of savings and investment plans offered by: 

    • Reliance Nippon Life Guaranteed Money Back Plan: The Guaranteed Money Back plan comes with an accidental death benefit along with waiver of premium benefit to support your family in case of your sudden demise. 
    • Reliance Nippon Life Fixed Savings: This plan offers a lump-sum maturity sum as well as life cover to you and your loved ones. The plan is a systemic savings plan that helps you build a substantial corpus for your future needs. 
    • Reliance Nippon Life Bluechip Savings Insurance Plan: The Bluechip Savings plan ensures a life cover as well as an assured 7% guaranteed addition along with bonuses. 
    • Reliance Nippon Life Increasing Income Insurance Plan: An insurance policy that provides regular monthly income along with a lump sum at maturity and ten times the annualised premium in the case of the unfortunate demise of the policyholder. 
    • Reliance Nippon Life Fixed Money Back Plan: An easy insurance plan with limited paying terms and assured fixed money back and maturity benefits. Payment of fixed money back is done during last five years of the plan, along with loyalty additions. 
    • Reliance Nippon Life Super Money Back Plan: This is a great plan to avail in case you are looking for regular paybacks at periodic intervals. The premiums are not very hefty making it easy on your pocket too. 
    • Reliance Nippon Life Endowment Plan: This is a flexible insurance plan that provides a life cover as well as lets you choose your sum assured depending upon your financial position. 
    • Reliance Nippon Life Lifelong Savings Plan: The Lifelong Savings Plan is designed to provide the family of the policyholder with a whole life cover in case of the untimely demise of the policyholder. 
    • Reliance Nippon Life Future Income: The Future Income plan offers an additional annual income to support your increasing needs and help you realise your dreams whilst ensuring that the financial future of your family is secure in case of your unfortunate death. 
    • Reliance Nippon Life Milestone Plan: The Reliance Nippon Life Milestone Plan ensures you savings during your lifetime and offers your family financial security in the event of your unfortunate death 
    • Reliance Nippon Life Increasing Money Back Plan: The Increasing Money Back plan from Reliance Nippon Life Insurance Company guarantees a payout once every three years to ensure that you can keep up with inflation whilst comfortably addressing your increasing lifestyle needs. 

    Reliance Nippon Life Retirement Plans: 

    Reliance Nippon Life Retirement plans are the best way to ensure that you continue to live in comfort after resigning from professional life. These plans require you to make regular contribution which keeps adding up to provide you with a regular monthly income once you have retired so that you can carry on with the same standard of living as you did while working. Reliance Nippon Life offers three comprehensive retirement plans which are as follow: 

    • Reliance Nippon Life Immediate Annuity Plan: Convert your lump-sum savings into a regular income so as not to compromise with your lifestyle once you are retired. 
    • Reliance Nippon Life Smart Pension Plan: This is a non-participating ULIP that helps you save systematically to ensure a better retirement fund once you no longer have that regular income from your job. Avail tax benefits as applicable. 
    • Plan Type Basic Sum Assured Tenure
      Reliance Nippon Life Immediate Annuity Plan  Information not available  Information not available 
      Reliance Nippon Life Smart Pension Plan  Purchase price: Rs.1 lac (exclusive of education cess and service tax)  Life annuity 

    Reliance Nippon Life Unit Linked Insurance Plans: 

    ULIPs, as they are commonly called, are investment as well as protection plans that provide the dual benefits of returns on investment as well as life insurance cover. The variety of funds in which you can invest is truly diverse and offer you the flexibility to switch between and manage different funds. Reliance Nippon Life Insurance Company offers three different unit linked insurance policies as follow: 

    • Reliance Nippon Life Classic Plan II: The Classic plan comes with a life cover as well as long-term investment option that is protected against any uncertainties. The flexibility to choose and manage your funds is in your hands. You get to avail life cover as well as market-linked profits on your premiums paid. 
    • Reliance Nippon Life Smart Savings Insurance Plan: The Smart Savings Insurance Plan offered by Reliance Nippon Life Insurance Company ensure that your risk appetite is automatically adjusted by drawing a balance between debt and equity via the systematic allocation of assets depending upon your life-stage. 
    • Reliance Nippon Life Premier Wealth Insurance Plan: This insurance plan is designed in a manger such that it not only helps in meeting your immediate financial needs, but also helps in ensuring that you are on track with your changing priorities over the course of your lifetime. Premier Wealth Insurance Plan offers the flexibility to balance your investment and protection needs while the policy term is in progress, thereby helping you gain systematic control over your future finances. 
    • Reliance Nippon Life Prosperity Plus Plan: This insurance plan is designed in a manger such that it not only helps in meeting your immediate financial needs, but also helps in ensuring that you are on track with your 
    • Plan Type  Basic Sum Assured  Tenure 
      Reliance Nippon Life Classic Plan II  The minimum sum assured for Regular Pay policies is Higher of (10 x Annualised Premium) or (0.5 x Policy Term x Annualised Premium); and 1.25 x Single Premium in case of Single Pay policies.  15 to 30 years in case of Regular Pay policies and 20 to 30 years in case of Single Pay policies. 
      Reliance Nippon Life Smart Savings Insurance Plan  The Minimum Annualised Premiums for this policy are categorised in the following bands: Band 1: Rs.48,000 Band 2: Rs.1 lac Band 3: Rs.2.5 lacs Band 4: Rs.5 lacs Band 5: 10 lacs  10 years and 15 to 30 years for Regular Pay policies; 15 to 30 years for Limited Pay (10 years) policies; 10 years and 15 to 25 years for Limited Pay (7 years) policies; and in case of Limited Pay (5 years) policies, 10 years and 15 to 20 years for entry between the ages of 1 and 45, and 10 years and 15 years for entry between the ages of 46 and 50. 
      Reliance Nippon Life Premier Wealth Insurance Plan Information not available  Information not available 
      Reliance Nippon Life Prosperity Plus Plan  Information not available  Information not available 

    Reliance Nippon Life Child Insurance Plans:

    Caring for the future of a child is the responsibility of every parent, and the increasing costs in addition to your own need for a better lifestyle can make it extremely difficult to ensure that your child will have a comfortable future. Child plans help you save money for the future expenses of your children, such as higher education and marriage, at a very early stage in their lives, so that you have adequate funds to help turn their dreams into reality when the time is right. Reliance Nippon Life Insurance Company offers two unique child plans that will go a long way towards ensuring that your child has a relatively secure future:

    • Reliance Nippon Life Education Plan: A plan meant for parents with variable pay-outs for different requirements of a child’s career and future with death benefits that allow for an annual income for 10 years.
    • Reliance Nippon Life Child Plan: Secure your child’s future with this plan from Reliance Life. Be it your child’s education, higher studies, home or marriage, ensure that you are always there in time of need.
    Plan Type Basic Sum Assured Tenure
    Reliance Nippon Life Education Plan Rs.50,000 9 years to 20 years for Regular Pay policies and Limited Pay (5 years) policies and Limited Pay (7 years) policies; and 12 years to 20 years for Limited Pay (10 years) policies.
    Reliance Nippon Life Child Plan Rs.25,000 10 years to 20 years

    Reliance Nippon Life Group Insurance Plans:

    Reliance Nippon Life Group plans are intended to ensure that the relationship between an employer and his / her employees is always a good one. These plans not only offer life cover to the employees, but also provide them with periodical payments once they have retired by means of pension and gratuity plans. Following are the group plans you can purchase from Reliance Nippon Life Insurance Company: 

    1. Reliance Nippon Life Group Unit Linked Employee Benefits Plan: The Reliance Nippon Life Group Unit Linked Employee Benefits Plan is a unit-linked, fund based, group product which also provides life insurance coverage for the policyholder. 
    2. Reliance Nippon Life Group Term Assurance Plus: The Reliance Nippon Life Group Term Assurance Plus is a non-participating, non-linked, term insurance plan for a group of people. 

    How to Claim Insurance with Reliance Nippon

    Reliance Nippon Life Insurance Company has the highest claim settlement ratio among all private life insurers in India. The company guarantees to settle your claims in only 12 days, and agree to pay 6.5% interest per annum for any delay on their part. In order to claim insurance with Reliance Nippon, you will have to keep the following documents ready:

    Documents required for Death claim:

    • Claim form A: This form need to be filled by the nominee or claimant
    • Claim form B - Certificate of last illness to be filled, signed and stamped by the doctor in attendance during the last illness of the deceased life assured
    • Original policy documents
    • Original death certificate by Death and Birth Registrar
    • Death certificate by the doctor confirming cause of death
    • Nominees photo identification card copy attested by Insurance company official
    • All hospital reports, if hospitalized during the last sickness
    • Post Mortem Report and Viscera report, if performed

    In case of Accident or Suicide”

    • Claim form C - Certificate of Identity, along with Claim forms (A & B)
    • First Information Report and final Police Investigation Report
    • Newspaper cutting on the accident, if available

    Once you have gathered the aforementioned documents, you may submit them at a Reliance branch nearest to your home or send the same by post to The Claims Department, Reliance Life Insurance Co Ltd, 9th Floor - Building No. 2, R-Tech Park, Nirlon Compound, Next to Hub Mall, Behind I- Flex building, Goregaon, (East), Mumbai-400 063.

    Reliance Nippon Claim Settlement Ratio:

    Year Total Premium in Crores Claim Settlement Ratio
    2017-18 4069.37 95.17%
    2016-17 4026.82 94.53%
    2015-16 4398.12 93.82%
    2014-15 4621.08 83.84%
    2013-14 4283.4 81.97%

    Documents Required to Purchase a Reliance Nippon Life Insurance Policy:

    Following are the documents you require to purchase a life insurance policy from Reliance Nippon:

    1. Address proof
    2. Identity proof
    3. Income proof
    4. PAN Card
    5. Self-attested bank passbook copy

    How to Check Reliance Nippon Life Insurance Policy Status Online:

    To check the status of your Reliance Nippon Life Insurance policy, all you have to do is visit the official website of the company and click on the ‘Login’ option at the top right side of the homepage. Three options, viz. Customer, Corporate, and Partner will appear above the Login option. Choose the Customer option and you will be redirected to the Login Portal where you will have to enter your Client ID or Policy Number along with the password and hit ‘Sign In’ after which your policy details will appear on screen.

    In case you are a new user who hasn’t yet registered with Reliance Nippon, visit the company’s website and click on the Login option and then select the Customer option. You will then be redirected to a page where an option called Register Now can be found. Click on it and enter the required information, such as Client ID / Policy Number, date of birth, etc. and select I Agree and then hit Submit. Your registration will be complete at this stage and you can login with your policy details to check the status of your Reliance Nippon Life Insurance plan.

    Reliance Nippon Life Insurance Online Payment:

    Reliance Nippon Life Insurance Company has made it possible for customers to pay their premiums without having to leave the comfort of their personal space. All you have to do is visit the company’s website and under My Services, click on Pay Premium Online and enter your User ID and date of birth to log in to your account, choose the policy for which you wish to make a premium payment, and select an option to pay. The options at your disposal include credit card, net banking, mobile wallet, debit card and e-card.

    Reliance Nippon Life Insurance Premium Calculator:

    To calculate the premium applicable to any Reliance Nippon Life Insurance policy, all you have to do is visit the company’s website and locate the premium calculator and enter the required details such as gross monthly income, monthly personal expenses, monthly net income for family expense, assets on hand, liabilities on hand, and current age along with your expectations from the policy and your premium will be calculated and presented on screen in little to no time.

    Reliance Nippon Life Insurance Customer Care:

    Reliance Life Insurance is one of India’s leading insurer’s offering a variety of attractive life insurance plans. Handling a large volume of customers, the insurer has ensured to set up a dedicated customer care department which assists customers with all queries, issues and complaints they may have relating to their policy. The insurer has set up various channels via which customers can get in touch with the support staff at Reliance Nippon. Customers can call on the 24x7 customer support helpline, register their details on the website to get a call back, and also write to the customer care department on the email address provided.

    Reliance Nippon Life Insurance Frequently Asked Questions:

    1. What is the process for taking out a loan against a Reliance Life Insurance policy?

      After the lock-in period has been completed, a loan can be taken out against the policy.

    2. How do I register a claim for Accidental Death Benefit / Total & Permanent Disability?

      A. In order to start the processing of this claim, you must first submit:

      • Claim form A.
      • Claim form B.
      • Original Policy Documents.
      • Hospital records including biopsy reports, diagnosis certificate, lab reports, etc.
      • FIR from the police station, and the relevant investigation report.
      • If possible, a published article in the news of the incident that led to the claim.
    3. What is the process for making a partial withdrawal from my ULIP policy?

      Partial withdrawals can be made after the completion of the lock-in period. You will need to submit a duly filled in and signed request form, details of your savings bank account (including a cancelled cheque from the same account), and a self-attested copy of KYC documents.

    4. What is the process for surrendering a Reliance Life Insurance policy?

      Policies can be surrendered once the lock-in period is over, and requires you to submit a duly filled out and signed Surrender Request Form, details of your savings bank account (including a cancelled cheque from the same account), and a self-attested copy of KYC documents.

    5. How do I register a claim for Death benefit under a Reliance Life insurance policy?

      In order to begin this process for claim of death benefit, you will first have to submit the following documents:

      • Claim form A – to be filled in by the nominee.
      • Claim form B – to be signed & stamped by the attending doctor.
      • Original Policy Documents.
      • Hospital records
      • Original copy of the death certificate as issued by the Registrar of Births and Deaths.
      • Death certificate which confirms the cause of death – to be issued by the doctor.
      • Photo ID (attested by a Reliance official) of the nominee.
      • Post Mortem and Viscera report, if performed.
      • Claim form C – identity certificate.
      • FIR from the police station, and the relevant investigation report.
      • If possible, a published article in the news of the incident that led to the claim.
    6. What is the process of changing the nominee in my Reliance Life Insurance policy?

      In order to change the named nominee in your life insurance policy, you will need to submit a duly filled out and signed Nomination Form, along with a self-attested set of KYC documents at your nearest branch. The records take 2 working days to update.

    7. How do I register a critical illness claim?

      In order to register a critical illness claim, one must submit the following documents:

      • Critical Illness Claim Form A.
      • Claim Form B – certificate of illness. The attending doctor must affix his signature and stamp to this.
      • Original Policy Documents.
      • Hospital records
    8. How do I submit a claim for Survival and Maturity Benefits?

      There is no need to submit a claim for Survival Benefits, as they are automatically credited to the savings bank account of the policyholder as and when they become due.

      Maturity Benefits, too, are paid to the policyholder on policy maturity, for in force and paid-up policies.

    9. What do I do if I want to change my premium paying frequency?

      A. The frequency of premium payments can be changed only on policy anniversaries after submitted a duly filled in and signed request form.

    10. What is the process to change the fund allocation in my Reliance Life Insurance ULIP policy?

      Fund allocation can be changed at any time simply by submitting a signed request for the same at your nearest branch office. If you wish to make the change online, you can log on to the Self Help portal on the Reliance Life Insurance website.

    11. How much money will I receive when I make an insurance claim?

      The amount of money you are eligible for will be determined by the duration of your policy, the status of the policy, and the cause of the policyholder’s death. In case of participating policies, unpaid premiums for the policy year in which the life assured passed away will be subtracted and the declared bonus will be added to the sum assured.

    12. How long will it take for the company to settle my insurance claim?

      Reliance Nippon Life Insurance Company has built a strong reputation for quick and effective settlement of claims. The company usually takes three days to dispatch the cheque to the beneficiaries from the date on which it receives the claim forms and documents. The company also has a 12-day guarantee and if it takes longer than that to settle a claim, then it offers the customer a 6.5% p.a. interest for delayed payment.


News About Reliance Insurance

  • Reliance Nippon Life declares Rs 306.8 crore bonus to policyholders

    Insurance company Reliance Nippon Life announced a total bonus of Rs.306.88 crore for its policyholders in 2020-21.

    The issuance of bonus will benefit over 6,85,000 policyholders.

    As of now all the participating policies which are active as of 31 March 2021, have been credited with the bonus.

    For policies which are eligible to receive reversionary bonuses, the policyholders will see an increase in the guaranteed benefits on death and maturity.

    The bonus is paid after the company generated profits for the year FY 2020-21. The insurance company registered a profit after tax of Rs.50 crore for the year ended 31 March 2021.

    Reliance Nippon Life Insurance is a joint venture between Nippon Life Insurance, Japan and Reliance Capital.

    As of 31 March 2021, its total assets under management was recorded to be Rs.24,383 crore and the total sum assured recorded at Rs.78,847 crore. The claims settlement ratio of the insurer is 98.48%.

    13 July 2021

  • As Nippon Life takes control of Reliance mutual, it’s largely status quo for unit holders

    There’s change in the air at India’s fifth-largest asset management company. Reliance Nippon Asset Management – with assets worth Rs 2,02,649 crore as of September 2019 – has been fully taken over by partner Nippon Life Insurance. The fund house will now be called Nippon India Mutual Fund (NIMF). Thanks to the Reliance brand, the fund house has been popular with many investors.

    The market capitalization of the listed entity was Rs 16975 crore at Monday’s prices, representing around 8.4 per cent of its assets. But Nippon Life has bought a 75 per cent stake for Rs 6000 crore. Thus, the deal may have gone through at a significant discount to Reliance Nippon AMC’s current market valuation.

    Deal valuations aside, the key question in the minds of investor’s in the mutual fund schemes of the house is one of whether there would be continuity of investment philosophies. Also, unit holders may be worried about whether fund managers would continue or move out. In short, mutual fund investors may now like to know if they should persist with their investments in the new entity or if they should redeem.

    10 October 2019

  • Reliance Capital’s 43% Acquired by Nippon Life

    Nippon Life Insurance, one of the popular and reputable life insurance providers operating in India, recently acquired an added 43% interest of its partner Reliance Capital, according to media sources. As a result of the news, the shares of Reliance Nippon Life Asset Management and Reliance Capital grew by 4%. Reliance Nippon Life Insurance Company has a wide range of products for its customers – ranging from life and investment products to pension plans and child plans. Customers looking for comprehensive life insurance solutions must turn to Nippon Life Insurance in order to receive the best financial product and services.

    17 May 2019

  • Ashish Vohra Assumes Position As CEO of Reliance Life

    Ashish Vohra, Chief Distribution Officer, Max Life, has recently taken up the position as the Chief Executive Officer (CEO) with Reliance Life. Max Life , one of India’s leading insurers, recently merged with HDFC Life. Following the merger, several members of the middle to senior management have left the company.

    At Max Life, where Mr. Vohra started off in the year 2010, he was mainly engaged with the distribution channels, which included direct selling (online & agency), bancassurance. As the CDO, he was responsible for maintaining the company’s distribution network across India and also securing bank distribution alliances and key partnerships. Prior to joining Max Life, he has worked with other major names in the financial sector such as Citibank and Fullerton India Credit.

    5 August 2016

  • Reliance and Nippon deal gets the good to go

    Nippon Life gets the green signal to increase their stake in Reliance Mutual Fund to 49%. The Securities and Exchange Board of India gave their approval to the companies on Thursday. Nippon has raised their stake in Reliance from 35% to 49%. Nippon already held 26% in Reliance worth Rs. 1,450 crore in 2012, and then an additional 9%, this time worth Rs. 657 crore. Now the Japanese insurance giant, will be investing an approximate value of Rs 1,196 crore for the additional 14%.

    4 March 2016

  • Japanese insurer Nippon can increase its stake in Reliance Life Insurance says CCI

    Reliance Life Insurance will now provide the Japanese insurer Nippon with a higher stake in their company. The deal is worth Rs. 2,265 crores, making the stake reach 49%. This deal between the two insurance companies will be the largest. Nippon has made an investment Rs 3,303 crore for their 49% share and the investment in the Reliance Capital Asset Management, making its total investment to Rs 8,630 crore.

    12 February 2016

  • Reliance Capital’s net profit rises to 10.3%.

    Reliance Capital - the leading financial services company in India witnesses a 10.3% rise in its net profit at the third quarter of 2015 -2016. The total net profit of the company at Q3 is Rs. 235 crore. The growth in broking business and mutual funds of the company has added to this net profit. In the previous year, the company's consolidated net profit was Rs. 213 crore. This year, the total income of the company also rose to Rs. 2,318 crore compared to Rs. 2,106 crore in the previous year.

    22 January 2016

  • Lifelong Savings Plan launched by Reliance Life Insurance

    Reliance Lifelong Savings Plan, a non-linked, participating endowment plus whole life plan was recently launched by Reliance Life Insurance Company. This plan aims to provide dual benefits of protection and goal based saving to policyholders, with two options, standard and extended cover. A maturity benefit will be provided to policyholders, consisting of the base sum assured and guaranteed additions. This policy has premiums starting from Rs 12,000, with a minimum sum assured of Rs 80,000. Individuals can choose to enhance their policy by adding riders, ensuring they stay protected against any eventuality.

    22 December 2015

  • Nippon Life to raise stake in Reliance Life to 49% with Rs.2,265 crore investment

    Nippon Life Insurance Company, based in Japan, signed agreement papers on Tuesday to increase its stake in the Reliance Life Insurance Company from 24% to 49%.

    The company’s new name will be Reliance Nippon Life Insurance, in line with this new structuring of shareholders.

    Nippon Life Insurance, Japan’s second largest life insurer, plans to invest a massive Rs.2,265 crore to increase its stake in Anil Ambani’s Reliance Capital Ltd by 23%.

    After this transaction, Reliance Life Insurance Company’s valuation stands at around Rs.10,000 crore – which is among the highest valuations for any life insurance company in India.

    25 November 2015

  • Reliance Life Insurance to sell another stake of 23% worth Rs. 2, 500 crores to Nippon Life

    Nippon Life will be buying another stake worth 23% in Reliance Life Insurance, the transaction is estimated to cost Rs. 2, 500 crores. This is the 2nd transaction between the Japanese based insurance company and Reliance Life in the same month, and the second investor to increase their stake in an Indian company after the foreign holding was increased to 49% in this sector. The cumulative investment of Nippon Life is now said to be Rs 8,865 crore. The Japanese giant has invested about Rs. 6, 365 in two subsidiaries of Reliance, namely Reliance Life Insurance and Reliance Capital Asset Management.

    28 October 2015

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