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Reliance Life Insurance takes over AMP Sanmar 2006: Name changed to Reliance Life Insurance Co. Ltd. 2007: ISO 9001:2000 Certification 2008: Becomes 4th largest private insurer 2010: Becomes the largest private insurer in number of policies 2011: Nippon Life signs definitive agreement to acquire 26% of the company. 2016
Reliance Securities Limited is a broking arm of Reliance Capital. [1] It is one of India ’s largest retail broking houses with over 1 million customers and a pan- India presence at more than 1,700 locations. [ 2 ]
In the quarter ending March 2024, Reliance General Insurance reported a net profit of ₹58.31 crore and revenue of ₹1,741.55 crore, with year-on-year growth of 1.13% and 16.21%, respectively. [18] In the fiscal year 2023, Reliance General Insurance reported a turnover of ₹103,390 crore, marking a 9.88% increase from the previous year. [19]
The speed and size of Reliance's collapse in turn caused uncertainty about the foremost insurance rating agencies, such as A.M. Best Co., who until June 2000 rated Reliance's financial strength as an A− (excellent), and Standard & Poor's, who had assigned the insurer an A(strong) rating. [10]