RNLIC declares Rs. 346 Cr. Bonus benefiting over 5.1L Par Policyholders, launches a new

Par Product, RNL STAR, reinforcing its commitment to superior customer returns and life

stage solutions

KOLKATA, JUNE 27, 2024: Reliance Nippon Life Insurance Company Limited has

declared a total bonus of ₹346 Cr. for its participating policyholders in FY24. The

Company showcased robust financial performance in FY24 achieving:

 22% growth in number of new policies sold.

 10% growth in Individual New Business Premium

 16% growth in AUM and

 82.5% 13 th Month persistency

The company declared Profit BeforeTax of Rs. 198 Cr. which represents 84% growth

over FY23.

According to the announcement, all eligible participating policies as at March 31,

2024, have benefitted from this bonus declaration. The company has been declaring

bonuses consistently for the past 23 years which incentivizes customers to regularly

pay their premiums and remain invested throughout the policy term. The robust

performance of the Participating Fund can be attributed to a well-strategized asset

allocation in equities, which yielded significantly higher performance compared to the

broader market. Additionally, robust performance is also visible in our flagship ULIP

Equity Fund 3 which has delivered returns of 26.4%, outperforming the NIFTY 50

benchmark*.

Commenting on the bonus announcement, Mr. Ashish Vohra, ED & CEO of

Reliance Nippon Life Insurance, said, “We have focused on creating value for our

customers through consistent performance, robust investment management, and

laser-sharp focus on operating efficiencies. Over the last few years, the company

has been focusing on customer delight, distributor satisfaction and employee

engagement through digital transformation. The initiatives have helped augment last

mile reach allowing us to penetrate deeper into our existing markets with continued

focus on quality, leading to healthy performance outcomes.”

With a focus on offering superior customer value, the company recently launched a

new Participating product, Reliance Nippon Life Smart Total Advantage Return (RNL

STAR), which can solve for a host of life stage solutions such as second stream of

income, child’s education, retirement, or legacy creation.

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