Reliance Nippon Life declares Rs 344 crore bonus to policyholders

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Reliance Nippon Life Insurance on Monday announced an annual bonus of Rs. 344 crore for participating policyholders in FY23.

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

This bonus issuance will help more than 5.69 lakh participating policyholders, CEO Ashish Vohra said, adding that the insurance company has been providing bonuses for the past 22 years.

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

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First published: June 12, 2023 | 11:07 PM ist