Strong Growth in Premiums – Shriram Life Insurance’s individual new business premium rose 21% YoY to ₹257 crore in April–June 2025, driven by network expansion, more branches, and higher average ticket size.
AUM and APE Increase – Assets Under Management grew 17% to ₹13,799 crore, while Individual New Business APE rose 9% to ₹215 crore.
Total Premium Surge – Total premium for the quarter jumped to ₹863 crore from ₹679 crore in the same period last year.
Higher Claims Settlement – The company settled 18,023 claims in Q1 FY26, up from 15,924 in the year-ago quarter.
Shriram Life Insurance Reports 21% Growth in Q1 Individual New Business Premium
The individual new business premium stood at ₹212 crore during the corresponding quarter of last financial year, the company said in a statement here
Shriram Life Insurance LinkedIn
Summary
Advertisement
Shriram Life Insurance Company has reported a 21% growth to ₹257 crore in the individual new business premium during the April-June 2025 quarter on account of increased distribution network, branch expansion and higher average ticket size.
The individual new business premium stood at ₹212 crore during the corresponding quarter of last financial year, the company said in a statement here.
The Assets Under Management (AUM) during the June quarter grew by 17% to ₹13,799 crore, as compared to ₹11,841 crore registered during the corresponding quarter of the last financial year.
Commenting on the financial performance, Shriram Life Insurance MD and CEO Casparus J H Kromhout said, his company has been guided by a clear vision to deepen presence in rural and semi-urban markets and reach every corner of society.
"Our strategy is focused on making life insurance simpler and more accessible for everybody we serve," he said in a company statement on Friday.
Advertisement
The Individual New Business Annualised Premium Equivalent (APE) during the quarter under review grew by 9% to ₹215 crore, as compared to ₹198 crore recorded in the corresponding quarter of the last financial year.
The Total premium during the April-June 2025 quarter jumped to ₹863 crore, as compared to ₹679 crore recorded in the same quarter of last fiscal.
During the April-June 2025 quarter, the company settled 18,023 claims in individual and group policies as compared to 15,924 claims made in the corresponding period of last financial year, it added.
Show comments