BrandonNewquist: Made First Post Basic Info

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Made First Post Basic Info

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{{Short description|Indian insurance and finance company}}
{{distinguish|Reliance LYF}}
{{EngvarB|date=December 2025}}
{{Use dmy dates|date=December 2025}}
{{Infobox company
| name = IndusInd Nippon Life Insurance Company Limited
| former_name = Reliance Nippon Life Insurance Company Limited<br>(2001 - 2025)
| logo =
| logo_caption = IndusInd Nippon Life Insurance
| type = [[Joint venture]]
| industry = [[Financial services]]
| products = [[Life insurance]]<br />[[Investment management]]
| location = [[Santacruz, Mumbai|Santacruz]], [[Mumbai]], India
| founded = 14 May 2001
| key_people = Ashish Vohra <br /> {{small|(Executive Director & CEO)}}
| assets = {{INRConvert|150|b}}<ref>{{cite web |url=http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx |title=Reliance Life Insurance assets cross Rs 15,000 crore |work=Hindustan Times |date=23 August 2010 |access-date=21 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20101101034913/http://www.hindustantimes.com/Reliance-Life-Insurance-assets-cross-Rs-15-000-crore/Article1-590811.aspx |archive-date=1 November 2010 |df=dmy-all }}</ref>
| homepage = {{URL|https://www.indusindnipponlife.com/}}
| parent = [[IndusInd Capital]]([[Hinduja Group]])<br />[[Nippon Life]]
| footnotes =
}}

'''IndusInd Nippon Life Insurance Company''' ('''INLIC''') (formerly '''Reliance Nippon Life Insurance Company''' ('''RNLIC''')) is a life insurance company in [[India]]. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.

== History ==

The company offers life insurance products aimed at individuals and groups broadly classified into four distinct segments: protection, children, retirement and investment plans. Till year 2014 it was ranked amongst the top five private sector life insurance companies in terms of individual weighted received premium (WRP) and new business WRP and had over 1 crore policy holders with a strong distribution network of over 900 branches and around 100,000 agents.<ref name="Reliance Ref1" /><ref>{{Cite web |url=http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman |title=Govt approves 26% stake sale of Reliance life insurance to Nippon - Economic Times |access-date=1 July 2013 |archive-url=https://web.archive.org/web/20140202224314/http://articles.economictimes.indiatimes.com/2011-08-17/news/29896522_1_insurance-act-reliance-life-insurance-irda-chairman |archive-date=2 February 2014 |url-status=dead |df=dmy-all }}</ref><ref>{{cite web|url=http://www.business-standard.com/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-112081700109_1.html|title=Reliance Capital completes MF stake sale to Nippon Life|date=17 August 2012|access-date=29 July 2018|publisher=[[Business Standard]]|archive-date=30 July 2018|archive-url=https://web.archive.org/web/20180730080405/https://www.business-standard.com/article/companies/reliance-capital-completes-mf-stake-sale-to-nippon-life-112081700109_1.html|url-status=live}}</ref><ref>{{cite web|url=https://www.thehindu.com/business/companies/Nippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece|title=Nippon Life to buy 26% in Reliance Life|date=14 March 2011|access-date=29 July 2018|website=Thehindu.com|archive-date=27 November 2020|archive-url=https://web.archive.org/web/20201127202242/https://www.thehindu.com/business/companies/Nippon-Life-to-buy-26-in-Reliance-Life/article14947302.ece|url-status=live}}</ref>
{| class="wikitable"
|-
| 2001|| AMP Sanmar Life Insurance Company was formed
|-
| 2002 || AMP gets IRDA approval to commence business
|-
| 2005 || Reliance Life Insurance takes over AMP Sanmar
|-
| 2006 || Name changed to Reliance Life Insurance Co. Ltd.
|-
| 2007 || ISO 9001:2000 Certification
|-
| 2008 || Becomes 4th largest private insurer
|-
| 2010 || Becomes the largest private insurer in number of policies
|-
| 2011 || [[Nippon Life]] signs definitive agreement to acquire 26% of the company.
|-
| 2016 || Nippon acquires 49% stake in Reliance Life Insurance Company
|-
| March 2025 || Hinduja Group takes over Reliance remaining 51% of shares
|-
| December 2025 || Name changed to IndusInd Nippon Life Insurance Co. Ltd.
|}

== Description ==
As of 31 March 2013, the Total Premium (net of re-insurance) was Rs. 40.15 billion, whereas new business premium stood at Rs. 13.77 billion. The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over {{formatnum:124000}} advisors.{{cn|date=July 2025}}

Reliance Nippon Life Insurance is a part of [[Reliance Capital]] of the Reliance [[Anil Dhirubhai Ambani Group]].<ref>{{cite web|url=http://www.slideshare.net/abhineetpsingh/about-reliance-life-insurance|title=About reliance life insurance|website=Slideshare.net|date=14 May 2013 |access-date=29 July 2018}}</ref><ref>{{cite web |url=http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-Capital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-16866779/ |title=Reliance Capital Limited : Reliance Capital announces results for year ended March 31, 2013 |website=4-traders.com |access-date=29 July 2018 |author1=4-Traders |archive-date=30 July 2018 |archive-url=https://web.archive.org/web/20180730021215/http://www.4-traders.com/RELIANCE-CAPITAL-LIMITED-9058959/news/Reliance-Capital-Limited-Reliance-Capital-announces-results-for-year-ended-March-31-2013-16866779/ |url-status=live }}</ref><ref>{{cite web |url=http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781 |title=Reliance Capital FY13 net profit at Rs8120mn |website=www.indiainfoline.com |access-date=3 February 2022 |archive-url=https://archive.today/20130701130939/http://www.indiainfoline.com/Markets/News/Reliance-Capital-FY13-net-profit-at-Rs8120mn/5683843781 |archive-date=1 July 2013 |url-status=dead}}</ref>

In March 2025, the company was taken over by the [[Hinduja Group]].<ref>{{cite news |title=Reliance Capital finally comes under Hinduja fold |url=https://indianexpress.com/article/business/reliance-capital-finally-comes-under-hinduja-fold-9893410/ |access-date=8 July 2025 |work=The Indian Express |date=19 March 2025 |language=en |archive-date=8 July 2025 |archive-url=https://web.archive.org/web/20250708214426/https://indianexpress.com/article/business/reliance-capital-finally-comes-under-hinduja-fold-9893410/ |url-status=live }}</ref>

==Important landmarks==

Some of the important landmarks achieved by the company are:<ref name="Reliance Ref1">{{cite news |title=Reliance Life Insurance Company {{!}} IBEF |url=https://www.ibef.org/industry/insurance-sector-india/showcase/reliance-life-insurance-company |access-date=4 May 2021 |publisher=www.ibef.org |archive-date=4 May 2021 |archive-url=https://web.archive.org/web/20210504104058/https://www.ibef.org/industry/insurance-sector-india/showcase/reliance-life-insurance-company |url-status=live }}</ref>

2025 - Renamed to IndusInd Nippon Life Insurance Co. Ltd.

2010 - Achieves status as largest private insurer in number of policies.

2008 - Establishes as 4th largest private insurer.

2006 - Renamed to Reliance Life Insurance Co Ltd.

2005 - Acquires AMP Sanmar.

2001 - Incorporation of AMP Sanmar Life Insurance Company.

==See also==
* [[Hinduja Group]]
* [[Nippon Life]]

==References==
{{Reflist|2}}

== External links ==
* {{official website|https://www.indusindnipponlife.com/}}

{{Insurance in India}}

[[Category:Financial services companies established in 2001]]
[[Category:Life insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Nippon Life]]
[[Category:2001 establishments in Maharashtra]]

IndusInd Nippon Life Insurance - Revision history

BrandonNewquist: Made First Post Basic Info