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Reliance venture into life insurance

Reliance Capital Ltd. aims at expanding its life insurance business in the next few years.

Apnainsurance.com Research Bureau

24 Jun 2008

Reliance Capital Ltd. aims at expanding its life insurance business in the next few years. It plans to invest Rs. 20 billion ($493 million). Part of the Anil Dhirubhai Ambani Group, Reliance Capital has interests in asset management, mutual funds, life and general insurance, private equity, stock broking and other activities in the financial sector. According to  Mr. Anil Ambani, Chairman, the company has been approached by potential partners.