Shriram Life Insurance Soars with 21% Growth in New Business Premium

Shriram Life Insurance Company has achieved a significant milestone, reporting a 21% growth in individual new business premium, reaching Rs 257 crore for the April-June 2025 quarter. This growth is attributed to an expanded distribution network and increased branch outreach.

The company's assets under management also witnessed a 17% increase, totaling Rs 13,799 crore by the end of the June quarter. This impressive performance reflects the company's strategy of enhancing its presence in rural and semi-urban markets.

CEO Casparus J H Kromhout emphasized the firm's commitment to making life insurance more accessible. During the quarter, the total premium surged to Rs 863 crore, while claims settlements saw a notable increase compared to the previous year.

(With inputs from agencies.)