Tag: Reliance General Insurance

Reliance General Insurance Introduces Corona Kavach and Corona Rakshak Health Policies
Banking, Finance, Insurance, News

Reliance General Insurance Introduces Corona Kavach and Corona Rakshak Health Policies

Mumbai: Reliance General Insurance has announced the launch of Corona Kavach and Corona Rakshak insurance policies. The two COVID-based standard health policies have been designed in order to insure public health needs in the COVID-era. Corona Kavach is indemnity-based, while Corona Rakshak is a benefit-based health policy. Both policies are available in tenure options of three and a half months (105 days), six and a half months (195 days,) and nine and a half months (285 days). With the evolving number of COVID-19 cases in India every day, India has officially become the third-worst affected country in the world. Corona Kavach policy is available on individual and family floater basis, offering a base cover on an indemnity basis and an optional cover on a benefit basis. The sum assure...
Livelihood Protection Insurance Policy for Daily Income Earners
Banking, Finance, Insurance, News

Livelihood Protection Insurance Policy for Daily Income Earners

Mumbai: Reliance General Insurance today introduced Livelihood Protection Insurance Cover dedicated for Daily-income earners from the grievous impact of weather vagaries on their income and livelihood.  This IRDAI approved product under Sandbox guidelines has been designed in a way where the weather risk is monitored from Automated weather stations from Indian Meteorological Department (IMD) or by private Independent third parties involved in supply of weather data and claim is automatically calculated using this procured weather data. Hence, the claims will be derived comparing the actual weather from defined benchmark. In case, if the actual weather goes above the defined...
Reliance General Insurance Received ISO 31000 Assurance for Its Risk Management Framework
Banking, Finance, Insurance, News

Reliance General Insurance Received ISO 31000 Assurance for Its Risk Management Framework

Mumbai: Reliance General Insurance, a 100% subsidiary of Reliance Capital today announced the success of achieving the ISO 31000 Assurance by Global Certification body DNVGI. The assurance exhibits the international standard that provides principles and guidelines for Enterprise Risk Management. Such a robust risk management framework assures the various stakeholders of an organization of the superior quality of governance and increased operational efficiency. This is achieved by identifying and mitigating losses as well as enhancing risk assessment capacities naturally. It helps in enhancing the confidence of the stakeholders in the performance and sustainability of the organization. On getting past yet another milestone in the brand’s journey, Rakesh Jain, ED & CEO, Reliance G...