Reliance
Nippon Life Insurance Company Ltd. announces steady performance for
FY2024-25
 |
Delivers
profits before taxes of ₹247 crore leading to a 25% increase in PBT; Embarks on
the next phase of transformation with strong fundamentals
Chennai,
May 14, 2025: Reliance
Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life
insurance companies, today announced its audited financial results for the
financial year ended March 31, 2025. The company delivered a steady performance
across key metrics while continuing to strengthen its customer focus and
operational resilience.
For FY2024-25, RNLIC reported a Profit
Before Tax (PBT) of ₹247 crore, reflecting a strong growth of 25% over
the previous year (₹198 crore in FY2023-24). The company’s Assets Under
Management (AUM) stood at ₹38,725 crore, marking a 9% year-on-year
growth. New Business Premium (NBP) grew to ₹1,245 crore,
and Total Premium rose to ₹5,711 crore, reflecting steady
business momentum.
The company continued to maintain a
strong Solvency Ratio of 235%, well above the
regulatory requirement, reflecting a robust balance sheet and prudent capital
management.
Customer-centricity remained a core pillar, with
a Claim Settlement Ratio of 98.9%, as on March 31,
2025, and ₹3,523 crore paid in benefits to ~5.4
lakh customers during the year, an increase of 8% over
the previous year. The company’s 13th month persistency for FY2024-25 by
premium* stood at a healthy 80.8%, reflecting strong customer trust
and continued engagement. The number of active advisors grew
by 13%, increasing its active advisor base to
nearly 69,000, further strengthening the company’s reach and
advisory capability.
In a reaffirmation to its long-term
commitment, RNLIC declared bonuses to its participating policyholders and
distributed bonuses totalling ₹351 crore during the FY24-25, rewarding 5.2
lakh customers for their continued confidence in the company. This
marks the 24th year of consistent bonus declarations, supporting RNLIC’s
promise of long-term value creation and financial security for
its customers.
The company’s Embedded
Value rose to ₹7,397 crore, up from ₹6,885 crore in last fiscal
supported by consistent business performance and improved operational
efficiencies.
Employee
Focus: Certified
as Great Place to Work in 2025 (Source GPTW), for the sixth consecutive year,
highlighting commitment to employee well-being. Also recognized as Top 50 Large
Workplaces Building a Culture of Innovation for All.
Product
Innovation: Launched
6 new innovative and thoughtful products complying with IRDAI Regulations
across various segments that cater to the varied needs of our customers.
Commenting on the performance, Mr.
Ashish Vohra, Executive Director & CEO, Reliance Nippon Life Insurance
Company, said: “We are pleased to report a year marked by strong
performance and improved profitability, driven by disciplined execution,
customer-first thinking, and robust fundamentals. Our continued focus on
strengthening distribution, enhancing customer experience, and maintaining
financial prudence has helped us navigate a dynamic environment. The combined
strength of IIHL and Nippon Life Insurance, backed by their shared commitment
to long-term growth and excellence, will help us unlock greater outcomes for
all stakeholders, drive strategic expansion, and continue building a legacy of
trust for the future. We remain committed to building a future-ready,
customer-centric life insurance company with a clear vision to scale and lead
with trust, innovation, and performance.”
