The transaction pegs the total valuation of Reliance Life Insurance at approximately Rs. 11,500 crore (USD 2.6 billion).
Sam Ghosh, CEO, Reliance Capital
Q -The high valuation you got for Reliance Life must have been a pleasant surprise, specially when the private life insurance industry isn’t doing all that well in India.
A - Well, valuation is a matter of debate. There must be a reason why buyers are willing to pay a premium. Nippon Life is a long-term player and so they have taken a long-term view about the Indian market. All our policies have at least a 15-year term. Regulatory changes will happen but, ultimately, there will be growth. One should not bother too much about short-term issues.