Reliance Nippon Life Insurance Company Ltd. announces steady performance for FY2024-25

Reliance Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life insurance companies, 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 13^th 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 24^th 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.”