Shriram Life Insurance

The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of requisite regulatory approvals

The insurer's individual new business annualised premium equivalent (APE) grew 8 per cent YoY to ₹544 crore, while renewal premiums surged 43 per cent

The company's managing director and chief executive officer Casparus J H Kromhout talks to Shine Jacob about its future, the impact of recent regulatory decisions on business, and the new GST relief

Shriram Life Insurance reports Rs 257 crore individual new business premium in Q1FY26, up 21% Y-o-Y, driven by branch expansion, higher ticket size, and rural market focus

The company's total income rises by 20%, driven by growth in key segments such as commercial vehicles

Our focus is on families in the lower segment, or those families which have a family income in the ₹5-₹15 lakh range only. This segment needs life insurance the most, said Shriram Life MD, CEO

Shriram General Insurance Company (SGIC) on Sunday said it has won a fraudulent motor claim case filed against it with the Madhya Pradesh High Court directing the state DGP to set up a Special Investigation Team (SIT) to probe a "nexus between doctors, lawyers and police officials in motor claims cases". The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement. The High Court, taking cognisance of discrepancies in the claim documents, ruled that the claim was fraudulent, and ruled in favour of Shriram General Insurance, it said. The case pertains to claimant Rakesh Valtiya, who had sought compensation for injuries suffered in a road accident, the company said. Commenting on the decision of the court, Shriram General Insurance Company Executive Director Ashwani Dhanawat said, "This ...

Shriram Life Insurance Company Ltd recorded a 49 per cent rise in its retail new business for the April-December 2024 period, reaching Rs 865 crore, the company said on Thursday. Shriram Life Insurance is promoted by the diversified Shriram Group and the South Africa-based Sanlam Group. The company's premium from group business doubled during the quarter under review, reaching Rs 336 crore, according to a press release. Renewal premiums for both individual and group policies stood at Rs 494 crore for the October-December 2024 quarter, compared to Rs 447 crore in the same period of the previous financial year. Total premium income increased by 21 per cent to Rs 1,151 crore during the quarter under review, compared to Rs 841 crore in the corresponding period last year. Profit after tax for the October-December 2024 quarter stood at Rs 43 crore, compared to Rs 50 crore in the year-ago period. The new individual business premium increased by 36 per cent to Rs 322 crore during the ...

Insurance company's managing director says company expanding in rural India faster than its private competitors

The plan features flexible maturity income payout options, including tax-free payouts for up to 40 years

Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25

Shriram Life Insurance Company (SLIC) on Friday said it has reported a net profit of Rs 50 crore during the first half of the current fiscal. During the period, the insurance company, jointly promoted by Shriram Group and South Africa's Sanlam Group, sold 2.83 lakh individual policies in the first half, nearly double what it sold during the same period a year ago. The net profit of the company came down to Rs 50 crore from Rs 70 crore in the first half of the previous fiscal due to capacity expansion undertaken, Shriram Life Insurance Company MD and CEO Casparus JH Kromhout said. Branch expansion, fresh recruitment and investment in technology are being undertaken to expand business, he said. Presently, 50 per cent of the business comes from southern states, while remaining from other states. The company has plans to expand its footprint in other states, he said. Sharing other financial details, Kromhout said assets under management as of H1 FY25 was Rs 12,310 crore, up 21 per ce

He talks about its growth roadmap, industry outlook, and the need to remove GST on life insurance in achieving insurance for all by 2047

Shriram Life Insurance Company Ltd has reported a profit after tax of Rs 27 crore for the April-June 2024 quarter, the company said. Shriram Life Insurance Company jointly promoted by the diversified conglomerate the Shriram Group and South Africa-based Sanlam Group has breached the Rs 10,000 crore mark in the total Assets Under Management (AUM) to register Rs 11,841 crore during the quarter under review. The company had registered Assets Under Management of Rs 9,688 crore during the corresponding quarter of last year. In a statement on Tuesday, the company said the income from retail new business premium grew by 57 per cent year-on-year to Rs 212 crore while retail annual premium equivalent (APE) for the quarter grew to Rs 198 crore as compared to Rs 124 crore recorded during the corresponding quarter of last year. Shriram Life Insurance Company sold 1.27 lakh individual policies in the April-June 2024 quarter, up by 131 per cent over the corresponding quarter of last year by sell

Shriram Life Insurance has declared a bonus of Rs 201 crore for the financial year ending March 31, 2024 following the robust growth in premium income. The bonus payout would benefit 3.86 lakh policy holders of Shriram Life Insurance. Shriram Life Insurance declared Rs 201 crore bonus, up by 35 per cent from Rs 149 crore in the corresponding period of last year on the back of "robust growth in premium income which was driven by diversification of sales during FY'24," a company statement said here on Tuesday. "Our surge in new business premium in FY'24 was led by a combination of factors which includes new partners, technology upgrades and focused sales," said company Managing Director and CEO Casparus J H Kromhout said. "We believe this growth must be shared with our customers, who are the fulcrum of our growth story," he said. As of March 31, 2024, Shriram Life sold around 4,46,730 policies compared to 2,90,156 policies in the year ago period. The company's Asset Under Management

Total business premium for the year ending March 31, 2024 grew by 62 per cent to Rs 1,871 crore

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments

In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that Casparus JH Kromhout, managing director and chief executive officer said

The insurer reported individual new business premium income of Rs 237 cr for its third quarter, raising its total premium income to Rs 842 cr in Q3FY24