NE BUSINESSS BUREAU
MUMBAI, MAY 14
Reliance Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life insurance companies, on Wednesday announced Profit Before Tax (PBT) of ₹247 crore in FY2024-25, reflecting a strong growth of 25% over the previous year (₹198 crore in FY2023-24).
- Embarks on the next phase of transformation with strong fundamentals
- The company’s Assets Under Management (AUM) stands at ₹38,725 crore, marking a 9% year-on-year growth
- New Business Premium (NBP) grows to ₹1,245 crore
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.
Key Financial Highlights (₹ in crore)
| Metric | FY2024-25 | FY2023-24 | Growth (%) |
| Total Premium | 5,711 | 5,537 | 3% |
| Assets Under Management | 38,725 | 35,508 | 9% |
| Profit Before Tax | 247 | 198 | 25% |
| Claim Settlement Ratio | 98.9% | 98.8% | — |
| Benefits Paid to Customers | 3,523 | 3,263 | 8% |
| Number of Active Advisors | 68,793 | 61,036 | 13% |
| Solvency Ratio | 235% | 227% | 8% |
Commenting on the performance, 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.”