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The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over 124,000 advisors. Reliance Nippon Life Insurance is a part of Reliance Capital of the Reliance Anil Dhirubhai Ambani Group.
New insurance subsidiaries were spawned to handle the company's increasing expansion into selected specialty lines, including Commonwealth Land Title Insurance Company (c. 1976), Reliance Insurance Company of New York (1978), Reliance Lloyds (1980). In the early 1980s, the expansion included the incorporation of several new life insurance ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
Term life insurance: Term life insurance is generally the cheapest kind of life insurance. It provides coverage over a specific term period, usually between 10 and 30 years.
The company was founded in Oregon in 1906. [2] On February 24, Leo Samuel founded the Oregon Life Insurance Company. [3] In 1946 the company name was changed to Standard Insurance Company. [2] Then in 1962, the company moved its headquarters into the newly constructed Standard Plaza building. [4]
Fidelity Mutual Life Insurance Company occupied the building from 1927 to 1972. [3] In 1982, it was acquired and restored by the Reliance Standard Life Insurance Company, which in turn relocated in 1999. [4]
It is licensed in 49 states and Washington, DC. In New York it has Standard Life Insurance Company of New York. The average loan-to-value ratio on new loans was 64 percent in 2008. Standard Insurance Company has maintained an “A” rating or higher from A.M. Best Company since 1928. Assets $14.56 billion (March 31, 2009). 3,400 employees in 2008.
Reliance Nippon Life Insurance Company: Private Mumbai: 2001 12: Aviva Life Insurance Company India Ltd. Private Gurugram: 2002 13: Sahara India Life Insurance Co. Ltd. Private Lucknow: 2004 14: Shriram Life Insurance Co. Ltd. Private Hyderabad: 2005 15: Bharti AXA Life Insurance Co. Ltd. Private Mumbai: 2008 16: Future Generali India Life ...