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The company obtained its license to operate in the general insurance sector from the Insurance Regulatory and Development Authority of India (IRDAI) on 23 October 2000. [6] Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited, a diversified financial services holding company promoted by Reliance Group. [7]
Reliance Group (stylized as ReLIΛNCe) is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. [1] Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Home Finance, and Reliance ...
Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services.
Reliance Global Group, Inc (NASDAQ:RELI) (NASDAQ:RELIW) provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required ...
The Company manages a portfolio of more than 650,000 insurance policies, a turnover of more than € 223 million and an investment portfolio that exceeds € 408 million, with A− to AA+ credit rating. Over the past 43 years, it has zero overdue debts, a high solvency ratio and sufficient insurance reserves.
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...
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