July 23, 2014 11:28 AM ET

Insurance

Company Overview of Reliance General Insurance Company Limited

Company Overview

Reliance General Insurance Company Limited provides general insurance products for corporations, small and medium enterprises, and individual customers in India. It offers corporate insurance, including fire insurance; engineering insurance that protects corporate from various risks associated with plant and machinery, erection of machinery, equipment and boilers, and electronic equipment; marine insurance; public liability insurance that covers liability of industries controlling or handling hazardous chemicals by providing compensation to persons affected due to accident; package insurance; and miscellaneous insurance, which include Mediclaim insurance and package insurance. The company al...

570 Rectifier House

1st Floor

Naigaum Cross Road

Next to Royal Industrial Estate Wadala

Mumbai,  400031

India

Founded in 2000

3,000 Employees

Phone:

91 22 3047 9600

Key Executives for Reliance General Insurance Company Limited

Chief Executive Officer and Executive Director
Chief Financial Officer
Chief Underwriting Officer
Head of Retail Claims
Head of Quality & KM
Compensation as of Fiscal Year 2014.

Reliance General Insurance Company Limited Key Developments

Reliance Capital Plans Stake Sale In Reliance General Insurance

Reliance Capital Limited (BSE:500111) plans to divest part of its stake in Reliance General Insurance Company Limited (RGI). Sam Ghosh, Chief Executive Officer of Reliance Capital said: "We would like it (stake sale) to happen this fiscal." He added that the stake sale in RGI may gather pace only after the general elections gets over this month.

Reliance General Insurance Reports Earnings Results for the Second Quarter Ended September 30, 2013

Reliance General Insurance reported earnings results for the second quarter ended September 30, 2013. The Gross Written Premium for the quarter ended September 30, 2013 was INR 5,830 million ($93 million), a year-on-year increase of 19%. The profit for the quarter was INR 160 million ($3 million) as against a loss of INR 1,050 million for the quarter ended September 30, 2012.

Reliance General to Launch Health Insurance Plan in August 2013

Reliance General Insurance announced that it plans to launch health insurance plan in August 2013 for independent woman and girl child at a discount. The objective of the plan is to support healthcare needs of women and empower them. The scheme would offer 5% discount which can be availed by female proposer on the entire policy premium. This discount could be availed in case a girl child is included in the floater plan. Reliance General Insurance targets to cover 0.4 million lives in the first year of the product launch.

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