Shriram Life Insurance policy sales more than doubles
The Hindu
Shriram Life Insurance Co. Ltd. reports 131% increase in individual policies sold, with rising new business premium income.
Shriram Life Insurance Co. Ltd. said it sold 1.27 lakh individual policies in the June quarter, registering a 131% increase from the same quarter in the year-earlier period. The market share for regular pay retail polices more than doubled to 7.3%, even as net profit contracted 23% to ₹27 crore, the private life insurer said in a statement.
Income from new business premium (individual) grew 57% to ₹212 crore, while income from new business annual premium equivalent (individual) rose 60% to ₹198 crore. However, group new business premium declined to ₹199 crore from ₹354 crore. Income from renewal premium rose 18% to ₹268 crore.
The company’s assets under management increased to ₹11,841 crore from ₹9,688 crore.
Jointly promoted by Shriram Group and Africa’s Sanlam Group, Shriram Life’s solvency ratio improved by 1 basis point to 1.99. The company settled 15,924 claims against 10,227.
“This growth in individual policies and new business premium clearly demonstrates that our products and marketing strategies are resonating well with consumers, validating our approach and commitment to expanding our reach in the market,” said MD & CEO Casparus J.H. Kromhout.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.