IndusInd Nippon Life Insurance Sees Financial Growth with Surge in New Business Premium

IndusInd Nippon Life Insurance reported a 15.12% rise in profit, reaching Rs 248 crore in FY26, driven by strong new business premium growth of 18.5%. The company achieved a total premium growth of 5.95% and a high claims settlement ratio. Despite a decline in solvency, customer retention remained robust.

IndusInd Nippon Life Insurance reported a 15.12% increase in profit after tax for the fiscal year 2025-26, totaling Rs 248 crore. This growth was bolstered by an 18.5% rise in new business premiums, which reached Rs 1,475 crore, while the total premium climbed to Rs 6,051 crore.

The company's assets under management increased by 3.85% to Rs 40,214 crore. Ashish Vohra, the CEO, attributed improved profitability and strong new business premium growth to customer trust and staff dedication. The claims settlement ratio stood impressively at 98.98%.

Despite a decrease in the solvency ratio from 235% to 218%, the insurer maintained a 13-month persistency ratio of 80.2%, demonstrating strong customer retention. Additionally, Rs 423 crore in bonuses were declared for policyholders, benefiting around 4.9 lakh customers.