Insurance 09-Nov-22
Shriram Life Insurance posts net profit of Rs 75 crore in H1FY23
South-based Shriram Life Insurance Company (SLIC) on Wednesday posted a net profit of Rs 75 crore in the first half of the current fiscal. It had posted a net loss of Rs 45.8 crore during the April-September period of the previous financial year.
The insurer's total new business for April-September 2022-23 rose to Rs. 457 crore as against Rs.372 crore in the corresponding period of 2021-22.
Gross premium in H1 FY23 increased to Rs 969 crore from Rs 850 crore earlier.
The company's assets under management grew by 21 per cent to Rs 8,149 crore as of September 30, 2022.
Casparus J H Kromhout, MD and CEO, Shriram Life Insurance, said the strategy to blend technology adoption with rural penetration has breathed new life into the company's commitment to cover India's economically vulnerable segments.
"We are now able to reach more customers across a bigger geography, provide value through relevant products and efficient customer service processes like claims settlement within 12 hours even for remotest locations," Kromhout said.
Previous News
Shriram Life Insurance posts net profit of Rs 75 crore in H1FY23
( Insurance - 09-Nov-22 19:38 )
Shriram Life Posts PAT at Rs 158 crore, New Business Premium rose 62% in FY24
( Insurance - 24-May-24 11:59 )
Shriram Life Insurance eyes 30% business growth on digital adoption
( Insurance - 18-May-22 19:56 )
Shriram Life profit after tax rises over 50-fold to Rs 156 crore in FY-23
( Insurance - 14-May-23 14:58 )
Shriram life insurance empanelled as annuity service provider for PFRDA pension scheme
( Insurance - 16-Nov-22 16:25 )
Shriram Life Insurance posts Rs 50 crore net profit in H1FY25
( Insurance - 08-Nov-24 17:46 )
Sriram Life Insurance post 10.6% down in first quarter profit after tax
( Insurance - 03-Aug-23 18:00 )
Shriram Life Insurance unveils it new policy ‘Deferred Annuity Plan’
( Insurance - 05-Jul-24 14:15 )
Shriram Life Insurance unveils its new ulip policy ‘Shriram Life Golden Jubilee Plan'
( Insurance - 08-Jun-23 09:43 )
Shriram Life Insurance announces Rs 149 crore bonus
( Insurance - 23-Jun-23 19:18 )
Other Stories
Axis Max Life Insurance launches ‘Smart Innovation Fund’ attracts High-Growth Sectors
18-Mar-25 09:39
Life insurance companies new business premiums down 11.58% in Feb 2025, resembles LIC 's sharp decline
12-Mar-25 09:26
Life insurance sector new business premiums down 8.15% to Rs 30,825 crore in January
08-Feb-25 09:57
PNB MetLife partnership with IPPB to expand life insurance access nation wide
30-Jan-25 13:52
HDFC Life Insurance joins hands with CARS24 financial services for corporate agency tie-up
22-Jan-25 10:53
Life insurer sector new business premium down 21.7% to Rs 30,218.71 Crore in December
11-Jan-25 09:38
Go Digit Life unveils its new term plan 'Digit Glow Term Life Insurance'
06-Jan-25 11:45
Axis Max Life launches its new index based fund ‘Axis Max Life Sustainable Wealth 50 Index Fund’
03-Jan-25 11:56
Tata AIA Life Insurance launches its New Fund ‘Multicap Momentum Quality Index Fund’
24-Dec-24 16:50
Max Life rebrands to Axis Max Life Insurance with ‘Double Bharosa’ campaign
15-Dec-24 16:23
Back
Top
