Reliance Nippon Life Insurance gives assurance
Operations unaffected by the problems faced by Anil Ambani-led Reliance Capital
Anil Dhirubhai Ambani
(Pic: Reliance Capital)
Calcutta
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Published 26.11.19, 09:30 PM
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Reliance Nippon Life Insurance on Tuesday said its operations were unaffected by the problems faced by its Indian promoter — Anil Ambani-led Reliance Capital.
“Our operation is ring fenced. We are a joint venture and we have an independent board of directors and separate operations. Moreover, we operate in a highly regulated industry,” said Ashish Vohra, executive director and CEO, Reliance Nippon Life Insurance Company Limited.
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Meanwhile, Reliance Capital said it has defaulted on payments towards its obligations on bonds and interest generated towards the same.