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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 13:51:42 (2 weeks 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

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23468725

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