Realv the Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
History of insurance
In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form than the first. In such an economy and community, we can see insurance in the form of people helping each other. For example, if a house burns down, the members of the community help build a new one. Should the same thing happen to one's neighbour, the other neighbours must help. Otherwise, neighbours will not receive help in the future. This type of insurance has survived to the present day in some countries where modern money economy with its financial instruments is not widespread (for example countries in the territory of the former Soviet Union.
Ralve Insurance Company Limited has been at the forefront of providing innovative insurance solutions for you, your family and business. We became the first private insurer in the country to be licensed post privatisation in 2001. Since then we have been innovating constantly for our customers. Like being the first to offer cashless hospitalisation, the first to offer segment specific business solutions, first to offer cobranded credit cards, first to introduce industry-specific proposition.
Our product range is designed to provide extra cover to a varied range of customers starting from the common man to corporate conglomerates. You can reach us directly and also through our partners, agents, and brokers. We do business in over 150 cities through a combination of our own branches and those of our partners.
We cover a wide range of insurance products and are proud to offer not only great quotes, but also a wealth of information for you, the visitor, that will asses you further while making practically any insurance related decision.
Realv is the first life insurer in India to receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. For three years in a row,Realv has been voted as India's Most Trusted Private Life Insurer, by The Economic Times - AC Nielsen ORG Marg survey of 'Most Trusted Brands'. As we grow our distribution, product range and customer base, we continue to tirelessly uphold our commitment to deliver world-class financial solutions to customers all over India.
We began our operations in December 2000 after receiving approval from Insurance Regulatory Development Authority . Today, our nation-wide team comprises of 2074 branches (inclusive of 1,116 micro-offices), over 225,000 advisors; and 7 bancassurance partners.
