The Board of Directors of Reliance General Insurance today announced the appointment of Rakesh Jain as their new CEO and Executive Director of the company.

Rakesh Jain is 41 years old and brings with him over 17 years of experience. Prior to his new role with Reliance General Insurance, he served as the Director - Corporate Centre and CFO of ICICI Lombard General Insurance. He succeeds Vijay Pawar, Executive Director and CEO, Reliance General Insurance.

Reliance General Insurance is a...  Read More »

Most people would know that Dominos Pizza claims to deliver pizzas within 30 minutes else the customer gets the order for free. But little did Dominos know that this promise would cost them dearly.
 

A school student was injured by one of the delivery boys hired by Dominos Pizza in an attempt to keep the 30 minute promise. The delivery boy’s motorcycle hit Ravi Mishra who is studying in the tenth standard. On October 29, 2010, the minor child was riding his bicycle in Delhi’s North University...  Read More »

Reliance General Insurance Company has been asked to pay a compensation of Rs 20.75 lakh to the family of a Delhi Government official, who died last year in February after battling for life for nearly 2 months.
 

In December 2009, Prasad who was working as an accounts officer with the Delhi Government was on his way to work when he was hit by a tempo in an unfortunate road accident. Following this, he was admitted in Aruna Asif Ali Hospital and then later to Lok Nayak Jai Prabha Hospital in...  Read More »

The premium collections of Reliance General Insurance have dipped by 16.38% in financial year 2010-11 over the previous year.

As per the latest insurance business figures released by Insurance Regulatory and Development Authority (IRDA), Reliance General Insurance has collected only Rs. 1655.43 crores during FY 2010-11 as compared to Rs. 1979.65 crores in FY 2009-2010.

Amongst all the general insurance companies, Reliance General is the only insurance company that has registered a fall in...  Read More »

IRDA, the insurance sector regulator in India has fined 2 general insurance companies, 1 health insurance company and 2 life insurance companies for non-compliance with various regulations laid down by them. The total penalty imposed was Rs. 50 lakhs and the majority of it came as the result of non-compliance towards meeting their rural and social obligations. The General Insurance Council was fined for non-compliance to investment norms.
 

While HDFC Ergo, LIC, HDFC Life and GIC were fined...  Read More »