Shriram Life Insurance coverage Firm Ltd has reported a revenue after tax of Rs 27 crore for the April-June 2024 quarter, the corporate mentioned.
Shriram Life Insurance coverage Firm collectively promoted by the diversified conglomerate the Shriram Group and South Africa-based Sanlam Group has breached the Rs 10,000 crore mark within the whole Property Underneath Administration (AUM) to register Rs 11,841 crore in the course of the quarter beneath overview.
The corporate had registered Property Underneath Administration of Rs 9,688 crore in the course of the corresponding quarter of final 12 months.
In an announcement on Tuesday, the corporate mentioned the revenue from retail new enterprise premium grew by 57 per cent year-on-year to Rs 212 crore whereas retail annual premium equal (APE) for the quarter grew to Rs 198 crore as in comparison with Rs 124 crore recorded in the course of the corresponding quarter of final 12 months.
Shriram Life Insurance coverage Firm bought 127,000 particular person insurance policies within the April-June 2024 quarter, up by 131 per cent over the corresponding quarter of final 12 months by promoting 55,339 insurance policies.
“This development in particular person insurance policies and new enterprise premium clearly demonstrates that our merchandise and advertising and marketing methods are resonating nicely with shoppers, validating our method and dedication to increasing our attain available in the market,” he mentioned.
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First Revealed: Aug 13 2024 | 2:32 PM IST