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

Malay Ghosh, Executive Director & President

Malay is the Executive Director and President of Reliance Life Insurance Company.

Malay leads all activities at Reliance Life Insurance Company Limited and his key focus is on rapid expansion of all channels and accelerating the Company’s growth trajectory. Malay has over 24 years of work experience in the insurance industry. He has worked for 17 years with LIC across various functions and for 7 years with Bajaj Allianz Life Insurance where he was last designated Head of Sales.

Malay holds a Masters degree in statistics from Indian Statistical Insititute, Kolkata.

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 Life Insurance

Malay Ghosh – Executive Director & President

Malay is the Executive Director and President of Reliance Life Insurance Company

Malay leads all activities at Reliance Life Insurance Company Limited and his key focus is on rapid expansion of all channels and accelerating the Company’s growth trajectory. Malay has over 24 years of work experience in the insurance industry. He has worked for 17 years with LIC across various functions and for 7 years with Bajaj Allianz Life Insurance where he was last designated Head of Sales.

Malay holds a Masters degree in statistics from Indian Statistical Insititute, Kolkata.

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 Insurance Company.

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 Life Insurance.

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 (CFO) of Reliance Life Insurance Company Limited and he is responsible for Financial strategy formulation and implementation.

Sunil has over 10+ years of post qualification experience of which he has more than 9+ years experience in the insurance industry in financial function. Prior to joining Reliance Life Insurance, he has worked 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).

Saroj K Panigrahi, Head – Legal, Compliance & Company Secretary

Saroj K Panigrahi heads the Legal, Compliance and Company Secretarial function of Reliance Life Insurance'. He is armed with twelve years of valuable experience in the Corporate Legal, Commercial, Regulatory Compliance and Corporate Governance domains.

Prior to joining Reliance, he headed the Legal & IP department at Accenture’s India Outsourcing Business. During his fulfilling tenure, he skillfully managed the Legal, Intellectual Property, Regulatory Risk & Compliance aspects of several Fortune 500 companies. Prior to his assignment with Accenture, Saroj was Associate Legal Counsel & Company Secretary at ING Vysya Life Insurance and was also associated with ICRA, an associate of Moody’s Investors Inc.

Saroj holds a degree in Law. He is also a Fellow Company Secretary, a Chartered Secretary (UK) and a Chartered Financial Analyst (CFA).

Pournima Gupte, Appointed Actuary

Pournima is the Appointed Actuary at Reliance Life Insurance Company Limited where she has the overall responsibility for statutory reporting, risk appetite, pricing, valuation, reinsurance, etc.

Prior to joining Reliance, Pournima served at Life Insurance Corporation of India for 20 long and rewarding years. Her stint with LIC included a four-year deputation at the London branch, as Manager. She then moved on to be the Chief Manager – Actuarial, at Kotak Mahindra Life Insurance Company and Associate Vice President – Actuarial at Bajaj Allianz Life Insurance Company.

Pournima is a graduate in Statistics and a Fellow of the Actuarial Society of India (FASI).

R Rangarajan, Chief Investment Officer

Rangarajan is the Chief Investment Officer at Reliance Life Insurance Company Limited. He alongwith his team, strives to give the best possible returns on investments to shareholders and policyholders, keeping in mind their appetite for risk.

Rangarajan draws on his in-depth knowledge of investment and experience of 25 years to ensure that the goals of the organisation are met—without any compromise on the benefits of the investors.Prior to being a part of Reliance Life Insurance, Rangarajan worked with AMP Sanmar Life Insurance as Head – Investments for three years. His earlier assignment was with a large Mutual Fund organization.

Rangarajan is a qualified Chartered Accountant.

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 officer.

Murli holds many certifications relating to Information Security like Chief Information systems auditor (CISA), CISSP, BS 7799 Lead Auditor, MSCE (Microsoft certified systems engineer).

He's a Physics graduate and also holds a Diploma in Management studies from Bombay University.