Shriram Life posts 40% rise in H1 net profit on record volume, premium

Quick Summary:

SLIC’s individual new business APE grew by 55 per cent Y-o-Y in Q2 FY25.

The insurer sold 283,000 individual policies in H1 FY25, marking a 96 per cent year-on-year (Y-o-Y) increase.

Sequentially, the company sold 155,000 individual policies in Q2 FY25, a 22 per cent rise from Q1, when it sold 1.27 lakh policies.

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Article Details

Category: BusinessFinance

Markets: IndiaSouth Africa

Topics: Q2 FY25 APE Life insurance growth Insurance profitability Shriram Group SLIC Assets under management Sanlam Group H1 FY25 Renewal premiums Shriram Life Insurance Annual premium equivalent Net profit Ajit Banerjee Financial year 2024-25 AUM Individual policies Retail new business premium Casparus Kromhout

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 13:51:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 23468725

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