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Reliance General Insurance
About Reliance General Insurance
Reliance General Insurance, a Subsidiary of Reliance Capital, is one of the first non-life companies to get the license
from the IRDA. RGICL offers an exhaustive range of insurance products that covers most risks including Property, Marine, Casualty
and Liability.
Vision
To be an insurer of World Standards and the most preferred choice for clientele at the domestic and global level.
Mission
Our Mission is to keep the customer satisfaction as focal point of all our operations, adopt the best international practices
in underwriting, claims and customer service, be the most innovative in product development, establish presence all over India,
ensure sustained value addition to all stake holders and to uphold Corporate Value & Corporate Governance.
Objectives
* Make affordable insurance accessible to all
* Keep customer as focal point for all operations
* Protect policy holders interests
* Adopt best international practices in claims, underwriting and policy servicing
* Be the most innovative in product development
* Establish Pan India presence
Value propositions
Risk Evaluation: Provide expertise in risk evaluation and risk mitigation leading to the most appropriate risk transfer
solution.
Post sales services: Differentiate on service parameters by ensuring prompt and correct documentation& fair, transparent,
speedy claims settlement.
New products: Introduce innovative products suited to specific market segments
Reliance General Insurance Company Limited
Reliance group has announced its plans to enter the Indian insurance sector - both in the life and general insurance businesses.
Reliance Industries plans to bring in around Rs. 300 Crores into its insurance venture through its financial arm Reliance
Capital Ltd. Reliance group will be the lead investor for this initiative. The two companies will have an initial authorised
capital of Rs. 200 crores (US$ 43.62 million) each. This is the first application from an Indian company without a foreign
insurance tie-up. However, Reliance will associate with international insurance consultants to bring the best practices in
the business to India.
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