21 October, 2007

Reliance Insurance bags HCL, Oracle contracts !!!!!

Anil Ambani group firm Reliance General Insurance has bagged mediclaim contracts from global business software giant Oracle and domestic IT major HCL Technologies to provide insurance cover to their employees.

The company did not disclose financial details of the contracts that will add more than 1.5 lakh policyholders to its kitty, sources said the total premium would be over Rs 50 crore from the two deals.

Reliance General Insurance Ltd (RGIL), part of ADAG's financial services arm Reliance Capital, said it would provide mediclaim cover to employees and their dependents in India.

RGIL expects a group size of about 43,000