IndusInd Nippon Life Insurance reported a 15.12% rise in profit after tax to ₹248 crore for FY26, supported by strong growth in new business premium and steady customer retention.
The insurer had posted a net profit of ₹215.43 crore in the previous financial year.
According to the company, its new business premium (NBP) increased 18.5% year-on-year to ₹1,475 crore during FY26, while total premium collections grew 5.95% to ₹6,051 crore.
The company’s assets under management (AUM) also recorded growth, rising 3.85% to ₹40,214 crore during the fiscal year.
Commenting on the performance, Ashish Vohra, Executive Director and CEO, said the growth reflects strong customer trust and operational execution across the company’s distribution network.
The insurer maintained a strong claims settlement ratio of 98.98% in FY26, while its 13-month persistency ratio stood at 80.2%, indicating healthy customer retention levels.
However, the company’s solvency ratio declined to 218% from 235% in the previous year.
IndusInd Nippon Life Insurance also announced bonuses worth ₹423 crore for participating policyholders, including a one-time additional bonus equivalent to 10% of the regular annual bonus. The payout is expected to benefit nearly 4.9 lakh customers.
The development comes after IndusInd International Holdings, the promoter entity of IndusInd Bank, completed the acquisition of debt ridden Reliance Capital in March 2025.
Following the acquisition, Reliance Nippon Life Insurance was officially rebranded as IndusInd Nippon Life Insurance.