IndusInd Nippon Life Insurance on Monday reported an 18 per cent jump in New Business Premium (NBP) to ₹1,475 crore for FY2025–26, alongside a record Profit After Tax of ₹248 crore, up 15 per cent year-on-year.

The results mark the company’s first full financial year since rebranding from Reliance Nippon Life Insurance, following IndusInd International Holdings Limited (IIHL) acquiring a stake alongside existing partner Nippon Life Insurance.

Total premium income rose a modest 6 per cent to ₹6,051 crore, while Assets Under Management grew 4 per cent to ₹40,214 crore. The company’s solvency ratio stood at 218 per cent, well above the regulatory minimum, and its claims settlement ratio was 98.98 per cent.

Customer retention indicators also held firm, with the 13-month persistency ratio at 80.2 per cent. The company declared bonuses of approximately ₹423 crore for participating policyholders, including a one-time additional bonus of 10 per cent of the regular annual bonus, benefiting around 4.9 lakh customers.

CEO Ashish Vohra said the company would focus on expanding distribution, strengthening digital capabilities, and exploring bancassurance and fintech partnerships. The company plans to add nearly 200 new sales units in its next growth phase.

IIHL Chairman AP Hinduja linked the insurance business to the group’s broader ambition of building a USD 50 billion BFSI enterprise by 2030. Nippon Life President Satoshi Asahi described India as a strategically important market, citing room to grow insurance penetration.

The company currently operates through 713 branches with 68,793 active advisors and serves over 10 million policyholders. It has been certified as a Great Place To Work and was recognised as the most innovative life insurer by FICCI in 2025.

Published on May 18, 2026