Reliance Life ties up with insurance repositories

Thiruvananthapuram, Dec 4 (IANS): Reliance Life Insurance Company (RLIC) Wednesday announced their tie up with all five designated insurance repositories to provide life insurance policies in electronic form across all its products.

The Insurance Regulatory and Development Authority (IRDA) has approved five companies -- Database Management Ltd., Central Insurance Repository Ltd, SHCIL (Stock Holding Corporation of India Ltd) Projects Ltd, CAMS Repository Services Ltd, and Karvy Insurance Ltd -- as insurance repositories (IR).

Reliance Life Insurance has tied up with all these insurance repositories to enable and encourage policy holders to keep their policies in Demat form.

The company is one of the first few private insurers to offer this facility to its customers, it said in a statement.

This green initiative will facilitate customers to buy and monitor multiple life insurance policies in a single Demat account.

Reliance Life Insurance Company Ltd, associate of Reliance Capital Ltd, is one of India's top private sector life insurance company with renewal premium of over Rs.4,015 crore for the year ended March 31, 2013.

The company has sold over 7.5 lakh policies during this financial year and has an asset under management of more than Rs.18,189 crore (as on March 31, 2013).



Top Stories


Title : Reliance Life ties up with insurance repositories


You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image