IndusInd Nippon Life Insurance Insurance Data
Formerly Reliance Nippon Life Insurance; joint venture between IndusInd Bank and Nippon Life Insurance of Japan.
IndusInd Nippon Life Insurance is a life insurance company licensed by IRDAI (registration number 121). Its solvency ratio of 2.38× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 5th among 25 life insurers. Its claims settlement ratio of 95.9% in Q1 FY26-27, placing it 5th among 10 life insurers with available data. Its 13th-month premium persistency ratio was 81.7% in Q1 FY26-27.
Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.
Solvency
| solvency ratio | 2.38× | Q1 FY26-27 |
Claim Settlement
| claim settlement ratio | 95.9% | Q1 FY26-27 |
Persistency
| 61st month persistency ratio | 38.5% | Q1 FY26-27 |
| 13th month persistency ratio | 81.7% | Q1 FY26-27 |
| 25th month persistency ratio | 65.2% | Q1 FY26-27 |
| 49th month persistency ratio | 58.2% | Q1 FY26-27 |
| 37th month persistency ratio | 57.1% | Q1 FY26-27 |
| 37th month persistency by policy count | 53.5% | FY23-24 |
| 25th month persistency by policy count | 64.5% | FY23-24 |
| 49th month persistency by policy count | 52.3% | FY23-24 |
| 61st month persistency by policy count | 48.1% | FY23-24 |
| 13th month persistency by policy count | 76.0% | FY23-24 |
Financial Position
| net worth | ₹2,021 crore | FY24-25 |
New Business
| new business premium growth rate | 46.1% | Q1 FY26-27 |
Distribution by Channel
| POS policies | 0 | FY24-25 |
| Direct policies | 61,125 | FY24-25 |
| Online premium | ₹0.00 crore | FY24-25 |
| CSCs premium | ₹0.00 crore | FY24-25 |
| Others policies | 0 | FY24-25 |
| IMF premium | ₹0.11 crore | FY24-25 |
| Bank Channel premium | ₹25.17 crore | FY24-25 |
| CSCs policies | 0 | FY24-25 |
| Corp. Agents (Other) premium | ₹118.79 crore | FY24-25 |
| Individual Agents premium | ₹422.13 crore | FY24-25 |
| MI Agents policies | 0 | FY24-25 |
| IMF policies | 24 | FY24-25 |
| Brokers premium | ₹12.58 crore | FY24-25 |
| Referrals policies | 107 | FY24-25 |
| MI Agents premium | ₹0.00 crore | FY24-25 |
| Online policies | 0 | FY24-25 |
| Corp. Agents (Other) policies | 30,914 | FY24-25 |
| Web Agg. premium | ₹0.00 crore | FY24-25 |
| Individual Agents policies | 59,757 | FY24-25 |
| Direct premium | ₹500.02 crore | FY24-25 |
| Others premium | ₹0.00 crore | FY24-25 |
| Bank Channel policies | 6,016 | FY24-25 |
| Web Agg. policies | 0 | FY24-25 |
| Referrals premium | ₹0.48 crore | FY24-25 |
| POS premium | ₹0.00 crore | FY24-25 |
| Brokers policies | 2,546 | FY24-25 |
Lapse & Surrender
| lapse and surrender ratio | 2.2% | FY24-25 |
Other Claims
| claims repudiation ratio | 0.61% | Q1 FY26-27 |
| claims paid within 1 month | 95.3% | FY24-25 |
| claims settled after 1 year | 0.0% | FY24-25 |
| claims settled in 1 to 3 months | 4.3% | FY24-25 |
| claims settled in 3 to 6 months | 0.3% | FY24-25 |
| claims settled in 6 to 12 months | 0.0% | FY24-25 |
Other
Data from IRDAI public disclosures. Click a metric name for full history and provenance.
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