IndusInd Nippon Life Insurance on Thursday reported an 18 per cent rise in new business premium (NBP) for FY2025-26, while profit after tax increased 15 per cent, marking the company’s first financial year following its brand transition from Reliance Nippon Life Insurance.
The insurer reported total premium income of ₹6,051 crore for FY26, up 6 per cent from the previous year, while NBP rose to ₹1,475 crore, driven by growth across distribution channels.
Profit after tax stood at ₹248 crore during the financial year, compared with the previous fiscal, while assets under management (AUM) increased 4 per cent to ₹40,214 crore, the company said in a statement.
The company reported a claim settlement ratio of 98.98 per cent and a solvency ratio of 218 per cent, remaining above regulatory requirements. Its 13-month persistency ratio stood at 80.2 per cent.
During the year, the insurer said it continued investments across distribution, technology, talent acquisition and digital capabilities to strengthen long-term growth. The company also plans to add nearly 200 new sales units as part of its expansion strategy.
The insurer announced bonuses aggregating around ₹423 crore for participating policyholders, including a one-time additional bonus equivalent to 10 per cent of the regular annual bonus. According to the company, around 4.9 lakh customers are expected to benefit.
Ashish Vohra said FY26 marked a defining year for the company following its transition to the new brand identity.
“Our performance reflects a clear focus on profitable growth, stronger distribution, and delivering meaningful solutions to customers,” he said.
He added that the company would continue focusing on digital capabilities, insurance accessibility, customer experience and expansion into newer geographies, while also exploring strategic bancassurance and fintech partnerships.
AP Hinduja said the partnership reflected the strength of a business built on trust, long-term relationships and disciplined execution.
He said life insurance would play an important role in IIHL’s broader vision of building a USD 50 billion BFSI enterprise by 2030.
Satoshi Asahi said India remained a strategically important market for the company and highlighted opportunities to expand insurance awareness and protection in the country.
IndusInd International Holdings Limited and Nippon Life Insurance are the promoters of IndusInd Nippon Life Insurance.
The company said it currently serves over 10 million policyholders through 713 branches and nearly 68,800 active advisors across India.