Copyright thehindubusinessline
Shriram Life Insurance Company (SLIC) reported a 17 percent year-on-year growth in Individual New Business Premium (NBP) in the first half of the current fiscal at ₹635 crore compared to ₹635 crore in the corresponding period of last year. The total premium increased to ₹1954 crore in the period under review against ₹1,631 crore in the year-ago period. Renewal premiums increased by 43 per cent y-o-y in the first half of the fiscal to ₹1,024 crore from ₹715 crore in the same period last year, while the group premium declined to ₹295 crore from ₹373 crore. “Our strong growth in renewal premiums demonstrates that we have earned the trust of our customers, reflecting the effectiveness of our approach and the dedication of our teams,’’ Casparus J.H. Kromhout, MD and CEO, Shriram Life Insurance said in a release. In comparison, the private industry grew by 8 percent during the same period. SLIC’s individual new business Annual Premium Equivalent (APE), a metric used to measure new business sales by normalising different premium types into a single, comparable value, grew 8 percent year-on-year to ₹544 crore in H1 FY26 from ₹506 crore in the year-ago period. The company settled 37,850 individual and group policies in the first half of the current fiscal and issued 30,884 policies, according to a release. Published on November 4, 2025
