India | Insurance | Reliance Captial
Subhomoy Bhattacharjee |
Last Updated at December 8, 2022 23:00 IST
Among the list of 23 Indian life insurers, Reliance Nippon Life Insurance Company (RNLI) can be considered fairly middle-of-the-road. It does not figure among the top 10 in terms of premium underwritten. Yet, as the fallout of the bankruptcy of Reliance Capital, the holding company of the insurer shows, there is a veritable dogfight for the insurer. Nippon Life, the existing 49 per cent shareholder, wants to become the majority owner while the Aditya Birla Group wishes to merge the company with its own venture.
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First Published: Thu, December 08 2022. 19:18 IST
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