Sriram Insurance’s complete premium for the monetary yr 2022-23 stood at Rs 2,546 cr as in comparison with Rs 2,350 crore recorded in FY 2021-22.
Shriram Life Insurance Company sells practically 3 lakh insurance policies in FY23, together with to group companies, whereas SLIC offered life cowl with over 53 lakh particular person insurance policies throughout the yr
Shriram Life Insurance Company Ltd has reported Rs 156 crore internet revenue for the yr ending March 31, 2023 on the again of progress in particular person non-single premiums, the corporate mentioned on Sunday. Shriram Life Insurance Company Ltd (SLIC) is promoted by the Shriram Group and South Africa-based monetary providers agency Sanlam Ltd.
The firm bought practically 3 lakh insurance policies in FY23, together with to group companies, whereas SLIC offered life cowl with over 53 lakh particular person insurance policies throughout the yr, a press launch right here mentioned.
“Our progress has superior due to the adoption of expertise and innovation, enabling extra rural coverage holders to finish their paperless statements,” company Managing Director Casparus J H Kromhout said.
“We have strengthened our digital capabilities with a focused approach to solve customer needs and at the same time maintain engagement with our customers,” he mentioned.
The firm mentioned complete premium for the monetary yr 2022-23 stood at Rs 2,546 cr as in comparison with Rs 2,350 crore recorded in FY 2021-22.
Total property below administration as of FY 2022-23 was at Rs 9,012 crore, as in opposition to Rs 7,683 crore registered in FY 2021-22, the corporate added.
“The trade is at a stage with excessive potential to develop on account of numerous market demographics, growing consciousness and technological developments. Shriram Life appears to be like ahead to persevering with the expansion momentum in the approaching years…” Kromhout added.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)
