Reliance Nippon Life Insurance Corporation

General information

A private life insurer having insured over 1 crore lives (Policies issued since inception) and secured financial independence through a strong network of over 700 branches (as on 31.10.2016) and 1,00,000 advisors (as on 31.3.2016).

According to Brand Equity’s Most Trusted Brands Survey 2016, we’ve been voted amongst India’s Top 4 Most Trusted Life Insurer.

Reliance Nippon Life Insurance Company is a part of Reliance Capital, (http://www.reliancecapital.co.in/) one of India's leading private sector financial services companies, which ranks amongst the top private sector financial services & non-banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life & general insurance, proprietary investments, private equity & other activities in financial services.

In FY'16, post the enabling regulations, Nippon Life increased its stake in Reliance Life from 26% to 49%, subsequent to the receipt of all regulatory approvals.

Nippon Life Insurance, also called Nissay, with 25% market share, is Japan's largest private life insurer with revenues of Rs. 3,68,747 crore (US$ 55.66 Billion) and profits of over Rs. 39,750 crore (US$ 6 billion) as of Mar 31, 2016. The Company, with over 24 million policies in Japan, offers a wide range of products, including individual and group life and annuity policies through various distribution channels and mainly uses Face to Face sales channel for its insurance products. The company primarily operates in Japan, North America, Europe and Asia and is headquartered in Osaka, Japan. It is ranked 114th in Global Fortune 500 firms in 2016.