Reliance Nippon Life Insurance Company Ltd. (RNLIC) has announced its financial results for FY2024- 25, reporting a Profit Before Tax (PBT) of ₹247 crore, a 25% increase over the previous year’s ₹198 crore.
The company’s steady performance underscores its strategic focus on growth, innovation, and customer trust.
The company’s Assets Under Management (AUM) reached ₹38,725 crore, reflecting a 9% annual increase, while New Business Premium (NBP) stood at ₹1,245 crore. The total premium collected rose to ₹5,711 crore, showcasing sustained business momentum.
With a Claim Settlement Ratio of 98.9%, RNLIC paid ₹3,523 crore in benefits to approximately 5.4 lakh customers, reinforcing its commitment to financial security. The company also distributed ₹351 crore in bonuses to its participating policyholders, marking the 24th consecutive year of bonus declarations.
RNLIC continues to expand its footprint with nearly 69,000 active advisors, a 13% growth over the previous year, further enhancing its customer outreach and advisory capabilities.
Commenting on the company’s performance, Ashish Vohra, Executive Director & CEO of RNLIC, stated: “Our steady growth and profitability are a testament to disciplined execution, customer-first thinking, and strong financial fundamentals. With unwavering commitment from our stakeholders, we are ready to drive the next phase of transformation and continue delivering value to our customers.”
In FY2024- 25, RNLIC introduced six new insurance products aligned with IRDAI regulations, reflecting its commitment to product innovation and customer needs. The company also maintained a Solvency Ratio of 235%, well above regulatory requirements, demonstrating robust financial health.
With its Embedded Value rising to ₹7,397 crore, RNLIC is positioned to build on its strong foundation and drive further strategic expansion while maintaining excellence in customer experience.
