Reliance Nippon Life Insurance Company Limited - Company Profile
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Reliance Nippon Life Insurance Company Limited (Reliance Nippon Life), a subsidiary of Reliance Capital Limited, is a provider of life insurance products to individuals and corporate customers. It serves individuals by offering endowment plans, protection plans, pension plans, term plans, credit guardian plans, smart cash plus plans, money multiplier plans, premier wealth insurance plans, savings and investment plans, guaranteed money back plans, unit-linked investment plans, retirement plans, health plan and child plans. The company also offers a range of group plans such as group superannuation, group credit assure, group gratuity, employers’ liability, employee protection, group leave encashment and group term assurance. Reliance Nippon Life is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, 400051
Website
www.reliancenipponlife.com/
Telephone
91 22 33031000
No of Employees
12,313
Industry
Financial Services
Revenue (2024)
$1.1B
Reliance Nippon Life Insurance Company Limited premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Protection Plans: | Reliance |
| Term Plans | |
| Simple Term Plans | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In October, the company introduced “Nishchit Pension”, a new deferred annuity plan. |
| 2024 | New Products/Services | In April, the company launched 'Digi Daftar,' a comprehensive mobile app designed specifically for financial advisors, aimed at professionalizing their work tools. |
| 2023 | Corporate Awards | In December, the company was honored with the esteemed National Energy Conservation Award. |
Competitor Comparison
| Key Parameters | Reliance Nippon Life Insurance Company Limited | Life Insurance Corporation of India | SBI Life Insurance Co Ltd | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 12,313 | 84,565 | 25,672 | 38,291 | 19,303 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ashish Vohra | Director; Chief Executive Officer | Executive Board | 2016 | - |
| Poornima Subramanian | Chief Financial Officer | Senior Management | - | - |
| Shiv Tiwary | Chief Marketing Officer | Senior Management | - | - |
| Prerak Parmar | Chief Distribution Officer | Senior Management | - | - |
| Srinivas Ladwa | Chief Human Resources Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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