BOARD OF DIRECTORS
Satya Pal Talwar, Independent Director
Satya Pal is an Independent Director of Reliance Life Insurance Company Limited.
He holds an experience of more than 35 years in operations and policy formulation.
Through his distinguished service in the financial industry, Satya Pal has served
as the ‘Chairman and Managing Director’ of renowned organisations such as Bank of
Baroda, Union Bank of India and Oriental Bank of Commerce. His in-depth knowledge
of the sector has seen him rise quickly into pivotal positions at advisory and board
levels in Indian and as well Global organisations such as SEBI, IDBI and MasterCard
International. He has also held the coveted position of Deputy Governor of RBI from
1994 to 2001.
Satya Pal holds a degree in Law. He is a Certified Associate of the Indian Institute
of Bankers and a member of the Indian Council of Arbitration.
Rajendra Chitale, Independent Director
Rajendra is an independent Director at Reliance Life Insurance Company Limited.
Rajendra is the Managing Partner of M/s. M.P. Chitale & Associates, India’s leading
financial boutique specialist with converging expertise in financial structuring,
legal, tax and regulatory advice.Government of Maharashtra. Rajendra serves as independent
director on the boards of the National Securities Clearing Corporation Limited,
Asset Reconstruction Company (India) Limited, Reliance Capital Limited, Ambuja Cements
Limited, Hinduja Global Solutions Limited, Hinduja Ventures Limited, Ishaan Real
Estate Plc, Reliance General Insurance Company Ltd. He is a member of the Insurance
Advisory Committee of the IRDA and the Advisory Committee on Regulations, Competition
Commission of India. He has served on the board of LIC, UTI, NSE, SIDBI, and has
served as a member of Takeover Panel of SEBI, the Company Law Advisory Committee,
Government of India, the Investor Education and Protection Fund, Government of India,
and the Maharashtra Board for Restructuring of State Enterprises,
Rajendra is an eminent Chartered Accountant and law graduate.
Upendra Joshi, Independent Director
Upendra is an Independent Director of Reliance Life Insurance Company Limited.
Upendra is a partner of the corporate and infrastructure team of Khaitan & Co. He
has rich experience in all aspects of law and documentation relating to infrastructure
including power, oil & gas, telecom, mining, ports, airports and project financing
and has headed several large infrastructure related matters. He is also experienced
in aspects relating to nuclear energy as well as mergers & acquisitions, securities
laws, India-centric AIM listings, privatisation of government businesses, in foreign
investment, joint ventures and foreign collaborations and also advised in dispute
resolution and conveyance related matters. He is instrumental in some notable M&A
transactions he has advised on include NTT DoCoMo's investment in Tata Teleservices
and, Vedanta on acquisition of Sesa Goa.
Upendra holds a degree in law and is a Solicitor.
Takeshi Furuichi, Non Executive Director
Takeshi is a Non Executive Director at Reliance Life Insurance Company Limited.
Takeshi is Representative Director & Senior Managing Executive Officer and Chief
Investment Officer (oversees the Investment and International Business) of Nippon
Life Insurance Company, Japan. He joined Nippon Life Insurance Company in the year
1977 and has taken leading roles in various fields including securities investment,
financial planning, risk management, customer service, and international business.
He currently serves as Director on the Boards of foreign subsidiaries including
Nippon Life Insurance Company of America, Nissay Schroders Asset Management Europe
Limited, and Nissay Schroders Asset Management Asia Limited.
Takeshi holds a degree of Bachelor of Arts in Economics from University of Tokyo
and Master of Business Administration from Wharton School, University of Pennsylvania.
Soumen Ghosh, Non Executive Director
Soumen is currently the Group President of Reliance Capital Limited and Non – Executive
Director of Reliance Life Insurance Company Limited.
Soumen has an experience of around 22 years in the areas of General Insurance and
Life Insurance in India and abroad. Soumen was previously responsible for the overall
Allianz operations in India and Middle East. Soumen worked as the Chief Executive
Officer of Bajaj Allianz Life Insurance Company and Country Manager, Bajaj Allianz,
India. At Bajaj Allianz Life Insurance Company, Sam was attributed with bringing
new strategic initiatives on distribution and at the same time launching customer
need based flexible and simple products designed for India.
Soumen is a member of the Institute of Chartered Accountant in England & Wales and
Institute of Chartered Accountant of Australia
Amit Bapna, Non Executive Director
Amit is currently the Chief Financial Officer at Reliance Capital Limited and Non
Executive Director of Reliance Life Insurance Company Limited.
Amit has been with the Reliance Group since 1999. In his existing role, he provides
financial direction, oversight and control for Reliance Capital Limited and its
group companies and further provides strategic leadership for Corporate Treasury.
He has over thirteen years of experience in varied business environments e.g. manufacturing
and financial services. He has earlier worked in the capacity of Chief Financial
Officer of Reliance Capital Asset Management Limited and Reliance Consumer Finance
where he played a key role and had been a significant contributor to the exponential
growth of the business bringing operational & process disciplines. Earlier still,
he had worked in the Corporate Treasury of Reliance Industries Limited.
Amit is a Chartered Accountant.
Top Management Team-Reliance
Anup Rau – Chief Executive Officer and Executive Director
Anup Rau, is the Chief Executive Officer and Executive Director of Reliance Life Insurance Company Limited, one of the largest life insurance companies in India. Reliance Life is a joint venture between Reliance Capital Limited and Nippon Life. His key focus areas at Reliance Life includes ensuring a sustainable and profitable growth for the Company with a vision to become the most admired Life Insurance Company in the Country and to strengthen the company’s partnership with Nippon Life by adopting their long sustaining values and singular focus on customers. He brings tremendous amounts of energy and belief in ideas that would help realise this vision.
Prior to joining Reliance Life, Anup was Head – Sales & Distribution at HDFC Life Insurance. Under his leadership at HDFC Life, the company enjoyed a consistent Top 3 position, achieved amongst the lowest cost of acquisition in the industry, dominated the Bancassurance channel, fostered the Agency distribution channel that scaled to the top quartile and introduced new distribution channels like Broker and International Business, which also grew to enjoy leadership positions in the industry.
Anup has over 17 years of experience in the Financial Services and FMCG sectors. He started out in the life insurance industry with ICICI Prudential, where he spent almost a decade. He began as a Branch Manager – Agency, and worked across geographies in various key positions in Sales, Sales Planning & Strategy since their formative years. He was Senior Vice President – Agency Distribution for West and South before he became Head – Bancassurance & Alliances.
A philanthropist by nature, Anup is passionate about Corporate Social Responsibility (CSR) and strongly believes in giving back to the community.
Anup is an Economics Graduate from University of Delhi and holds a Masters in Management Studies from Mumbai University.
Srinivasan Iyengar – Chief Operating Officer
Srinivasan Iyengar is the Chief Operating Officer of Reliance Life Insurance Company
Srinivasan has over 26 years of rich experience in Operations, Customer Service
and Techonolgy. His key focus areas at Reliance Life are, integrating systems and
processes for delivering operational excellence, customer value proposition and
developing cost efficient service delivery platform
Prior to joining us ,Srinivasan was with Aegon Religare Life Insurance where in
capacity of the COO he led several projects to achieve Service Excellence and Operational
Efficiencies to support business strategy.
He has also been associated with companies like LIC, ICICI-Prudential, Prudential
Malaysia & TCS in various capacities.
Srinivasan has done his Graduation in Commerce from Mumbai University and an advanced
course in Systems Management & Technology.
Andleeb Rabbi – Chief Human Resources Officer
Andleeb is the Chief Human Resources Officer and is responsible for providing leadership
for Human Resources, Administration and Infrastructure functions of Reliance Life
Andleeb is one of the founding team members of Reliance Life Insurance and has been
involved from the acquisition of AMP Sanmar days. He has been with the Reliance
Capital and worked for Reliance Commercial Finance and Home Finance as their Head
of HR and Admin. Begining his career as a management trainee in Elbee-UPS, he subsequently
worked with ICICI Bank and Hutch-3G in the Human Resource function.
Andleeb holds a Management degree in Human Resources from Symbiosis Institute of
Business Management - Pune, a Diploma in Labour Laws from Pune University and has
over thirteen years of experience post management degree.
S V Sunder Krishnan, Chief Risk Officer
Sunder is the Chief Risk officer for Reliance Life Insurance and is responsible
for overseeing Risk Management, Internal Audit and Compliance functions at Reliance
Sunder came with 23 years of experience and knowledge in Internal Audits, Compliance,
Assurance Consulting and Risk Management. He has worked for various leading organizations
such as DSP Merrill Lynch, ING Vysya, Credit Lyonnais, Standard Chartered, Bank
International Indonesia, Ernst & Young and Delloitte at senior and middle management
positions with exposure to businesses and operations in more than 12 countries.
Sunder is a qualified FCA, CISA, and CCSA. He is currently the advisor to the Board
of Information Systems Audit Control Association (ISACA-USA), Mumbai Chapter. He
was president of Information Systems Audit Control Association (ISACA-USA), Mumbai
Chapter for the year 2007-08.
Sunil Agrawal, Chief Financial Officer
Sunil Agrawal is the Chief Financial Officer at Reliance Life Insurance.
In his role as CFO he provides effective leadership to the finance function and
plays a key role in managing the affairs of the company.
Sunil has over 14 years of experience of which 13 years experience comes from the
insurance industry. Sunil joined Reliance life Insurance in December 2005 after
a 5 1/2 years stint with ICICI Prudential Life Insurance in various roles right
from the inception of the company including compliance, special projects, financial
control and finance operations.
He is a B.E. Computer Science, a Chartered Accountant and DISA (ICAI).
Sameer Karekatte, Head - Legal and Compliance
Sameer Karekatte heads the Legal and Compliance functions of Reliance Life Insurance'.
He has twenty years of valuable experience in the Corporate Legal, Litigation, Advisory,
and Regulatory Compliances.
Having completed his Law, he has worked in various sectors like machine tools, Pharmaceuticals,
Banking and Insurance. Prior to joining Reliance, he was Senior Vice President –
Legal with The Hongkong and Shanghai Banking Corporation Limited (HSBC) initially
heading the team servicing all legal requirement of retail Banking then as part
of Credit Control Unit within the Risk team strategizing the corporate recoveries,
restructuring, portfolios sale etc. Prior to joining HSBC he was heading Legal at
ICICI Lombard General Insurance Company Limited.
Rajesh Dalmia, Appointed Actuary
Rajesh is the Appointed Actuary and has the overall responsibility for statutory
reporting, risk appetite, pricing, valuation, reinsurance, etc.
Rajesh joins us from Ernst & Young, where he was an Associate Director. He has more
than a decade of experience and he has worked for companies like Birla Sun Life
Insurance, Watson Wyatt and AMP Sanmar in various capacities. Rajesh is a graduate
in Statistics from Indian Statistical Institute, MBA from IISWBM, Fellow from IIM-Bangalore,
FIAI from Institute of Actuaries of India and FIA from Institute and Faculty of
Manoranjan Sahoo , Head- Agency
Manoranjan is the Head- Agency at Reliance Life Insurance Company Limited.
Manoranjan started his career in Pharma before Joining LIC as an Administrative
officer. Manoranjan has 20 years of experience in insurance industry. He has indepth
knowledge of Life Insurance Business by virtue of working in different functions
at Life Insurance Corporation of India. His core competence is setting up of new
business.Prior to joining the Company, he was with Bajaj Allianz Life Insurance
Company Limited as Zonal Head – Sales (North & Central).
Manoranjan holds a Masters Degree in Science from Utkal University. Manoranjan has
undergone many Leadership development courses at ISB,IIM(K) & Michigan University.
Murli Nambiar , Chief Technology Officer
Murli Nambiar is the Chief Technology Officer of Reliance Life Insurance and is
responsible for Information technology and Information security strategy and implementation.
Having 19 years of IT experience, he's worked for premier organizations like Mashreqbank
in Dubai, and ICICI Bank where he held the position of Chief Information security
Murli holds many certifications relating to Information Security like Chief Information
systems auditor (CISA), CISSP, BS 7799 Lead Auditor, MSCE (Microsoft certified systems
He's a Physics graduate and also holds a Diploma in Management studies from Bombay