How Reliance Nippon Life is shaping the future with valuable services?
Reliance Capital is a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index. It is one of India’s leading and valuable financial service company in the private sector. The company has interests in asset management and mutual funds;general, life and health insurance, commercial & home finance, equities and commodities broking, distribution of financial products, wealth management services, asset reconstruction, proprietary investments and many other accomplishments in financial services. Anil Ambani is the chairman of reliance capital, while Jai Anmol Ambani who has also been appointed on the boards of Nippon Life Asset Management Ltd and Reliance Home Finance Ltd recently,is the executive director of the venture.
Amongst the most popular private sector insurers in India are Reliance Nippon Life Insurance and Reliance General Insurance. With 6 million investor folios, Reliance Mutual Fund is also amongst the top Mutual Funds in India. Apart from this, Reliance Securities is one of the India’s prominent retail broking houses. Reliance Money and Reliance Home Finance are expanding quickly as well.
Reliance Capital is basically a part of Reliance Group, which is also headed by Mr Anil Ambani. Reliance Group is an Indian conglomerate which has four listed companies, including Reliance Power, Reliance communications, Reliance Infrastructure and Reliance Capital. The group also focuses on changing the lives of the people through its CSR activities, which is headed by Tina Ambani, the wife of Anil Ambani. Read more to know about the Ambani family tree and Ambani lifestyle.
Here is a brief description of the two important parts of Reliance Capital:
1. Reliance Nippon Life Asset Management
Reliance Nippon Life Asset Management(RNAM) is a top asset manager in India, managing and advising Rs 3,58,059 crore as per March 2017, across mutual funds, pension funds, alternative investments,managed accountsand offshore funds. It is the only AMC to have the mandate for fund management by EPFO, PFRDA and CMPFO.
The company acts as the advisor for India focused equity and fixed Income funds in Japan (launched by Nissay Asset Management) and Korea (Samsung Asset Management). Through its subsidiaries in Singapore and Mauritius,it manages offshore funds, catering to investors across Asia, Middle East, the UK, the US, and Europe.
2. Reliance Nippon Life Insurance
In terms of individual weighted received premium and new business WRP, Reliance Nippon Life Insurance Company is one of the best life insurance companies in the private sector. With more than 10 million policy holders, it is one of the largest non-bank supported private life insurance company. As on March 31, 2017, the company possessed strong distribution network of over 747 branches and over 75,000 advisors. It has a market share of 5 per cent in India. Reliance Nippon Life Insurance also holds one of the top Claim Settlement Ratios in the industry which stands at 95.21%.
Furthermore, ‘Brand Equity‘s Most Trusted Brands Survey 2017’ rated it amongst the top 3 ‘Most Trusted Life Insurance Service Brands’. Reliance Nippon Life Insurance envisions on becoming the most trusted company for the general public. It aims at providing financial independence to one and all.To complete its mission, it has catered to five distinct segments, namely Protection, Child, Retirement, Saving & Investment and Health for both individuals and corporate entities.
A part of Reliance Capital, Reliance Nippon Life Insurance Company is one of India’s leading private sector financial service companies. It increased its stake in Reliance Life from 26% to 49% in 2016. Also called Nissay, the company has 25% market share and is Japan’s largest private life insurer, which has more than 29 million policies in Japan, offering a wide range of products, including individual and group life and annuity policies. Reliance life caters into five distinct life insurance segments, which include protection plans, saving and investment plans, retirement plans, unit linked plans and child plans.