In terms of individual WRP (weighted received premium) and new business WRP, Reliance Nippon Life Insurance Company is one of India's top private sector life insurance providers. With over 10 million policyholders, a robust distribution network of 713 locations, and 46,538 advisers as of March 31, 2022, the company is one of the biggest non-bank-sponsored private life insurers. As of March 31, 2022, the business held 98.7% of the market.
Reliance Nippon Life's vision is "To be a company people are proud of, trust in and grow with; providing financial independence to every life we touch." With this in mind, the company offers products in five different categories, including Protection, Child, Retirement, Saving & Investment, and Health, for private individuals and groups/corporate entities.
Reliance Nippon Life Insurance Company is a subsidiary of a non-banking financial services provider in the private sector. In addition to other financial services, Reliance Capital has holdings in stockbroking, private equity, life and general insurance, and proprietary investments