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HISTORY the Milwaukee Land Company Purchased Land from C.C HISTORY The Milwaukee Land Company purchased land from C.C. and Anna Herron for a town site in 1905 and the town was named Herron, but changed to Reliance when it was decided that the name Herron sounded too much like Huron. To the southwest stood a town site named Dirkstown and all of the buildings from there were moved into Reliance once it was learned the railroad would not be going through Dirkstown. Town sites were set up by the railroad company at about 10-mile intervals. Businesses, of the day, were set up immediately, probably the land office being the first. That and the first bank and the newspaper to advertise the land transactions. The lots sold for $200 for corner lots, $150 for inside business lots, $150 for residential corner lots and $100 for inside residential lots. Peter B. Dirks and a Mr. Montgomery, of the Farmers and Merchants State Bank from Dirkstown, purchased the first corner lot. Dirks' Trust and Title Company also opened a hardware and general store. Lafferty and Schoessler also had general stores. The school was built in 1921; high school was discontinued in 1972 and the school was finally closed in 1996. All children now go to Kennebec and Lyman High School in Presho. The community has had three churches: Catholic, Methodist and Lutheran, almost since its beginning. The first residence built in Reliance was the two and one half story home most of us remember as the Andy and Florence (Dirks) Anderson home until 1972. This home has been purchased by Wade and Chyree Hamiel and now sits on their land north of Reliance. In 1910 the west side of Reliance's Main Street was almost completely wiped out by fire. Businesses were rebuilt and along with the railroad came two lumberyards, a creamery, livery, blacksmith, taverns, hotels, restaurants, meat market, two banks, etc. Reliance reached its population peak in the 1920s when it was at 317 and according to the census, continued to decline until it was at 183 in 1945. The construction of Big Bend Dam at Fort Thompson in the 1960s caused the population in Reliance, Chamberlain and Oacoma to increase. In 1960, Reliance had 72 homes housing 201 people. Today (1999) Reliance is feeling a small growth as the communities of Chamberlain, Oacoma and Lower Brule fill up and the overflow moves to Reliance, and also to Pukwana in Brule County. Many Reliance natives can still remember the parades and Indian dances by the Lower Brule Sioux Tribe and the Fourth of July celebrations at the Fred Fletcher home with horseshoe, baseball, fishing, swimming, picnics, fireworks and homemade ice cream made with ice that had been harvested in the winter and stored in ice houses. In the late 1940s, early 1950s, Albert Stallman harvested ice and sold it from his ice house west of the Stallman Cafe on Reliance's west side of Main Street. Stallmans bought the two-story hotel/cafe from George Husman. Also behind the cafe stood the Water tower as seen in the photo, winter 1921-'22 ... Many of us will also remember the gas station in the far SE corner of town owned and operated by Jobe and Violet Marsden. A gymnasium was built in 1949 with all volunteer help. Fundraisers were held to help pay for the building. The American Legion purchased the building in 1973 and it continues to be used today for community functions and high school reunions. We all remember the amateur shows, dances, carnivals, roller-skating with the Neugebauers, the proms, etc. Our Founder Few men in history have made as dramatic a contribution to their country‘s economic fortunes as did the founder of Reliance, Shri. Dhirubhai H Ambani. Fewer still have left behind a legacy that is more enduring and timeless. As with all great pioneers, there is more than one unique way of describing the true genius of Dhirubhai: The corporate visionary, the unmatched strategist, the proud patriot, the leader of men, the architect of India‘s capital markets, the champion of shareholder interest. But the role Dhirubhai cherished most was perhaps that of India‘s greatest wealth creator. In one lifetime, he built, starting from the proverbial scratch, India‘s largest private sector enterprise. When Dhirubhai embarked on his first business venture, he had a seed capital of barely US$ 300 (around ` 14,000). Over the next three and a half decades, he converted this fledgling enterprise into a ` 60,000 crore colossus—an achievement which earned Reliance a place on the global Fortune 500 list, the first ever Indian private company to do so. Dhirubhai is widely regarded as the father of India‘s capital markets. In 1977, when Reliance Textile Industries Limited first went public, the Indian stock market was a place patronised by a small club of elite investors which dabbled in a handful of stocks. Undaunted, Dhirubhai managed to convince a large number of first-time retail investors to participate in the unfolding Reliance story and put their hard-earned money in the Reliance Textile IPO, promising them, in exchange for their trust, substantial return on their investments. It was to be the start of one of great stories of mutual respect and reciprocal gain in the Indian markets. Under Dhirubhai‘s extraordinary vision and leadership, Reliance scripted one of the greatest growth stories in corporate history anywhere in the world, and went on to become India‘s largest private sector enterprise. Throughout this amazing journey, Dhirubhai always kept the interests of the ordinary shareholder uppermost in mind, in the process making millionaires out of many of the initial investors in the Reliance stock, and creating one of the world‘s largest shareholder families. About Reliance Life Insurance Reliance Life Insurance offers you products that fulfill your savings and protection needs. Our aim is to emerge as a transnational Life Insurer of global scale and standard. Reliance Life Insurance is a Reliance Capital Company and is part of Reliance Group. Reliance Capital is one of India‘s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. Reliance Group also has presence in Communications, Energy, Natural Resources, Media, Entertainment, Healthcare and Infrastructure. Nippon Life Insurance Company acquired 26% interest in equity share capital of the Company effective October 7, 2011 subsequent to receipt of all regulatory approval. Nippon Life Insurance, also called Nissay, is Japan's largest private life insurer with revenues of Rs 346,834 crore (US$ 80 Billion) and profits of over Rs 12,199 crore (US$ 3 billion). The Company has over 14 million policies in Japan, offers a wide range of products, including individual and group life and annuity policies through various distribution channels and mainly uses face-to-face sales channel for its traditional insurance products. The company primarily operated in Japan , North America, Europe and Asia and is headquartered in Osaka, Japan. It is ranked 81st in Global Fortune 500 firms in 2011. VISION & MISSION Vision Empowering everyone live their dreams. Mission Create unmatched value for everyone through dependable, effective, transparent and profitable life insurance and pension plans. Our Goal Reliance Life Insurance would strive hard to achieve the 3 goals mentioned below: Emerge as transnational Life Insurer of global scale and standard Create best value for Customers, Shareholders and all Stake holders Achieve impeccable reputation and credentials through best business practices Achievements Largest Private Life Insurance in terms of Number of Policies for two consecutive years as of 31st March 2012 A wide network of 1230 branches and 1,50,000 advisors Over 9 million policies RLIC continues to be amongst the foremost Life Insurance companies in India to be certified ISO 9008:2001 Winner of ―Best Non-Urban Coverage‖ Award at Indian Insurance Awards 2011 RLIC‘s Boundaries for Books Campaign won the 'Silver' at the Indian Digital Media Awards (IDMA) 2012, under Best Integrated Campaign – Social Cause and Best Use of Social Network – Social Cause Amongst the top 3 Most Trusted Service Brands in the Insurance category as per the Brand Equity‗s ‗Most Trusted Service Brands 2011‘ Survey Leadership Team 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.
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