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Reliance General Insurance Company Limited
Company typePrivate
IndustryFinancial services
Founded17 August 2000; 23 years ago (17 August 2000)
FoundersAnil Ambani
Headquarters
Westin, Goregaon, Mumbai
,
India
Key people
Rakesh Jain (CEO)
Hemant K Jain (CFO)
Prabhdeep Batra (CMO)
Raman Arora (COO)
ProductsGeneral insurance
Health insurance
Vehicle insurance
Travel insurance
Home insurance
Crop insurance
Marine insurance
Number of employees
3,829 (September 2021)
ParentReliance Capital
Websitewww.reliancegeneral.co.in

Reliance General Insurance Company Limited is an India-based private insurance company and is part of Reliance Anil Dhirubhai Ambani Group, wholly owned through Reliance Capital. As of March 31, 2021, Reliance General Insurance's distribution network is composed of over 129 branches with more than 52,595 intermediaries.[1][2]

History

Reliance General Insurance was incorporated on 17 August 2000.[3] It received the license to conduct general insurance business in India from the Insurance Regulatory Development Authority of India (IRDAI) on 23 October 2000. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by Reliance Capital.[citation needed]

Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited (BSE: 500111, NSE: RELCAPITAL) a diversified financial services holding company promoted by Reliance Group.[4]

Services

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In travel, Reliance General Insurance provides plans for overseas trips such as Schengen, Asia, and the US. Travel plans tailored for students and senior citizens are also available.

Under Commercial Line Portfolio insurance such as fire, home, indemnity, public, marine, public liability, director’s & officer’s liability, plant & machinery.

The home insurance portfolio covers house contents against theft and damage.

References

  1. ^ PTI (6 July 2014). "Reliance General Insurance, Universal Sompo earn maiden net profit in FY14". Retrieved 6 May 2018.
  2. ^ Kayastha, Anshika (11 December 2023). "Hinduja Group looking to transfer part of Reliance General stake to domestic LLP". BusinessLine.
  3. ^ "RELIANCE GENERAL INSURANCE COMPANY LIMITED". Retrieved 13 April 2022.
  4. ^ Mehta, Sangita (24 February 2023). "Reliance General Insurance says no new biz if capital not received soon". The Economic Times.
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