Reliance General Insurance Company Limited is a part of Reliance Anil Dhirubhai Ambani Group (owned by Reliance Capital Limited). It is an Indian-based private insurance company which provides solutions for umbrella sectors. From motor, home, health, travel and marine, etc. Reliance General Insurance provides insurance solutions for every domain, and with its strategic practices, the company has managed to secure its name as the leading insurance provider in India.
Reliance General Insurance share price has become a topic of interest for unlisted shares investors as the company has managed to forge strong and enduring bonds with millions of consumers. This financial services company was a retail initiative by the Reliance group. It has gained an excellent profile in the industry by providing unlimited choice, superior quality, outstanding value proposition and unparalleled experience across all its stores.
Incorporation Details
| CIN | U66603MH2000PLC128300 |
| Registration Number | 128300 |
| Founding Year | 17 August 2000 |
| Founders | Anil Ambani |
| Category/Sub Category Of Company | Non-Govt Company |
| Class Of Company | Public |
| ISIN Number | INE124D01014 |
| Company Age | 22 years |
| Industry | Financial Services |
| Products | General Insurance
Health Insurance Vehicle Insurance Home Insurance Travel Insurance Crop Insurance Marine Insurance |
| Parent | Reliance Capital Limited |
The Reliance General Insurance share price reported an all-time high net profit of Rs 59 crore for the 3rd quarter that ended in December 2022, which is higher by 23% than the Rs 48 crore reported in the previous year. If you are willing to invest in Reliance unlisted shares, you must check the Reliance Insurance share price and make good returns profit. During the April-December period, the Reliance Insurance company’s gross written premium rose by 13% year on year to Rs 8,208 crore against the corresponding gross of Rs 7,294 of the previous year.
The Reliance General Insurance company is operating at 6.6 times the investment AUM, which it claims is one of the industry’s best. The profit before tax for the 9-month period that ended December has risen 6% to Rs 334 crore, compared with Rs 314 crore in the same period the previous year. So check Reliance share price and invest in profit-making Reliance unlisted shares.
For FY 2023, Reliance General Insurance, the 5th largest general insurance company in India, recorded a gross written premium of Rs. 8,208 crores, and it’s PAT( profit after tax) was estimated at Rs. 334 crores. It also keeps on reinvesting revenue to grow business and maintain solvency metrics with high settlement ratios.
The company has a robust network across the country which is manned by over 7,000 people offering its products and services. According to the regulator Irda’s annual report for the year 2021-22, Reliance General insurance company has settled over 23 lakh claims, of which 98.65% of claims were settled in less than 3 months. The company invests in retail health distribution & new digital alliances and plans to infuse AI into the general insurance company. So checking Reliance shares price would be a good decision!
Reliance General Insurance shows an increased year-on-year growth of an estimated 25%. Additionally, the company launched new developments for services to expand its revenue and growth. Let’s take a look at these reforms and updates.
One of the innovative solutions rolled out by Reliance General Insurance is a dynamic car insurance facility that focuses on customer driving patterns. It will allow users to customise an insurance policy based on vehicle usage and preferred kilometre ranges. So, if the distance coverage remains unused, it can be carried forward to another year for policy benefits.
Next, on the updates, Reliance General Insurance Limited added a new policy of Reliance Health Global, which aims to provide benefits for Indians to access global healthcare facilities. This new scheme will reshape the health insurance landscape to address the concerns of policyholders.
So, investing in the Reliance General Insurance unlisted shares will add value to an investor’s portfolio. The brand image of Reliance Limited and the extended policy of the company will keep the stakes high in the market in the upcoming years.
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* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)
