IndusInd Nippon Life Insurance, formerly known as Reliance Nippon Life Insurance, reported a strong financial performance for FY2025–26, marking its first year after the brand transition under the partnership between IndusInd International Holdings Ltd. (IIHL) and Nippon Life Insurance.
The insurer posted an 18% year-on-year rise in New Business Premium (NBP) at ₹1,475 crore, driven by growth across distribution channels and improving customer traction. Total premium income rose 6% to ₹6,051 crore during the fiscal.
The company also recorded its highest-ever profitability, with Profit After Tax (PAT) increasing 15% to ₹248 crore, reflecting operational efficiency and disciplined expansion. Assets Under Management (AUM) stood at ₹40,214 crore, up 4% from the previous year.
IndusInd Nippon Life Insurance maintained a strong balance sheet with a solvency ratio of 218%, significantly above regulatory requirements. Its claim settlement ratio stood at 98.98%, while the 13-month persistency ratio came in at 80.2%, highlighting customer retention and service quality.
As part of its long-term growth strategy, the insurer said it is investing heavily in technology, customer servicing, data capabilities, and talent acquisition. The company plans to add nearly 200 new sales units across India to strengthen distribution reach.
The insurer also announced bonuses worth around ₹423 crore for participating policyholders, including a one-time additional bonus equivalent to 10% of the regular annual bonus, benefiting nearly 4.9 lakh customers.
Commenting on the performance, Managing Director and CEO Ashish Vohra said FY26 marked the beginning of a “sharper and more purposeful journey” for the company. He added that the insurer is exploring strategic bancassurance and fintech partnerships to expand customer reach and build an integrated financial solutions ecosystem.
Backed by IIHL and Japan’s Nippon Life, the company aims to strengthen its position in India’s growing life insurance market through innovation, digital expansion, and deeper customer engagement.
