Reliance Nippon Life Rewards Policyholders with Rs 344 Crore Annual Bonus for FY23

13 Jun 2023 , 12:41 PM

Reliance Nippon Life Insurance Company has made a significant announcement regarding its annual bonus for FY23. Here are the key details:

The company has declared an annual bonus of Rs 344 crore for its participating policyholders. Reliance Nippon Life Insurance reported a net income of Rs 108 crore for the year, marking a notable growth of 65% compared to FY22.

This bonus allocation will benefit more than 5.69 lakh participating policyholders, according to Ashish Vohra, the Chief Executive of the company. Reliance Nippon Life Insurance has a commendable track record of distributing bonuses for the past 22 years.

As per data, as of March 2023, the company holds assets under management worth Rs 30,609 crore and a total sum assured of Rs 85,950 crore.

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