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Nippon Life Insurance

30 Mar 2016

Nippon Life Insurance raises stake in Reliance Life to 49%

Reliance Capital, the holding company of Reliance Life, received Rs 2,265 crore for the deal.

Nippon Life Insurance

21 Mar 2016

Reliance Life gets nod for $350 mn more equity from Nippon Life

The Foreign Investment Promotion Board has granted approval to Japan`s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.

07 Mar 2016

FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod

The Foreign Investment Promotion Board (FIPB) Monday cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers

Year Ender 2015

30 Dec 2015

Insurance FDI cap hike sees inflow in Joint Ventures; $1billion likely in 2016

The long pending demand of insurance players for raising the FDI cap to 49 percent was fulfilled this year leading to greater flow of foreign funds into India's private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016.

Reliance Life Insurance

07 Dec 2015

Reliance Life to hire 5,000 insurance agents, 2,000 sales staff

The company has already hired close to 15,000 insurance advisors in the recent months and the planned hiring activities would take the total recruitment of agents to 20,000 people in the current fiscal ending March 31, 2016.

Nippon Life Insurance

24 Nov 2015

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

30 Sep 2015

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

09 Sep 2014

Reliance Life launches endowment plan with fixed returns

Reliance Life Insurance on Tuesday launched endowment plan that provides fixed returns.

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