Latest News | Reliance Nippon Life Declares Rs 344 Cr Bonus to Policyholders

Mumbai, Jun 12 (PTI) Reliance Nippon Life Insurance Company on Monday announced an annual bonus of Rs 344 crore to its participating policyholders for FY23.

The company reported Rs 108 crore in net income for the year, which is a 65 per cent growth over FY22.

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This bonus issuance will help over 5.69 lakh participating policyholders, Ashish Vohra, the chief executive said, adding the insurer has been giving out bonuses for the past 22 years.

Reliance Nippon Life has assets under management of Rs 30,609 crore and a total sum assured of Rs 85,950 crore as of March 2023.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)