Reliance General Insurance Company (Co) Ltd
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Reliance General Insurance
Reliance General Insurance Company Limited is known as a leading general insurance company in India. It offers a multitude of insurance products in health insurance, motor insurance, home insurance and travel insurance. The company has also launched India’s first over-the-counter health and home policies which guarantees complete satisfaction and convenience to the customers. With 139 offices and over 12,000 intermediaries across the country, Reliance General Insurance Co. enjoys its presence in every nook & corner of the country. The company provides its customers an easy way to access its wide array of products through 24x7 call center and a website.
Reliance General Insurance has been appreciated for its quality management system by international quality standards auditing organization - Det Norske Veritas (DNV). It is India’s first insurance company to be given ISO 9001:2008 certification for offering end to end services of general insurance product on all India bases. It is the first non life insurance company in India to work with a license from IRDA in 2000. Also, it was the only Indian company to win prestigious award of “Risk Management-Services provider for 2013 at Global Risk Awards”. It won “Quality Council of India – D. L. Shah Quality Awards 2014 Commendation Award" for Financial Services.
Reliance Insurance Product Portfolio
Reliance is a trusted brand and has proved its worth in all business areas. It revolutionized the insurance sector by innovative health products and exemplary customer service. When you buy a health plan from Reliance you can be rest assured that you are in good hands.
Car insurance plans help you to escape from expenses on your car or any other vehicle due to any calamity and cover benefits of comprehensive motor insurance but also provide post accident assistance.
Your two-wheeler is the chariot that epitomizes freedom and two-wheeler insurance plans have been designed to set you free. These insurance plans offer hassle-free protection to your two-wheeler against physical damage, theft and third-party liability.
Your business depends on commercial vehicles so it is imperative to insure them. Commercial vehicle insurance protects your vehicle against own and third party damages.
Reliance plans give you the benefit of travelling with confidence either abroad or domestic thereby ensuring you a complete hassle free travel with peace of mind.
- Reliance Overseas Travel Insurance
- Reliance Student Travel Insurance
- Reliance Annual Multi-trip travel insurance plan
- Reliance Senior citizens Travel Insurance
- Reliance Asia Travel Insurance
- Reliance Schengen Travel Insurance
Reliance Plans plan give you comprehensive cover for your home and its contents at a reasonable premium and help to safeguard your home and its contents in case of an ill fated event.
Despite taking all precautionary measures, accidents do occur. This may lead to disablement or sometimes sudden death. To combat this problem, insurers have devised personal accident plan which provides compensation in case insured sustains injuries, solely caused from an accident, resulting into death, permanent or temporary disablement.
It is advisable to compare all Reliance General insurance plans from other General insurance companies in India to choose the best insurance plan that suits you the most.
Reliance Distribution Network:
The Reliance General Insurance Company operates with the help of more than 200 branch offices spread across 173 cities and 22 states throughout the country. Moreover, company provides for its customers easy channels of access to its products through its 24x7 call center and a transactional website.
Reliance General Insurance - Latest News
Anil Ambani is in talks to divest stake in reliance general insurance by bringing a strategic investor in general insurance business. Executive Director of Reliance Capital told that 49% of stake in reliance general insurance can be taken by investors. He also mentioned that these stake sales will be finalized by next fiscal year. Though, Soumen Ghosh (Executive Director of Reliance Capital) did not disclose the names of potential partners. It is to be noted that reliance capital reported of Rs 235 crore fore December 2015 quarter, which is 10% more from last year figure. At present, Reliance holds 100 percent of stakes in the Reliance general Insurance.
Reliance Capital looks forward to bring in investors in its business of general insurance with 49% stake. Even though the investors have not yet been revealed, the company expects to finalize its deal of stake by the next financial year. The company recently reported its net profit to be Rs. 235 crore at the end of Q3 of FY’2015-2016, which leads the net profit of Rs. 213 crore, as per the statistics from the previous year. This financial growth by Reliance Capital is due to its mutual fund business that raised a net profit of 12% while company’s AUM (assets under management) climbed 24%. As per Soumen Ghosh, Executive Director at Reliance Capital, the prime source of company’s growth is its commercial finance business. The AUM growth rate was 19% each year with a net profit of Rs. 112 crore. Meanwhile, the life insurance arm of the company earned Rs. 8 crore as profit while general insurance arm bagged Rs. 15 crore.
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