Shriram Life Insurance, co-promoted by India’s Shriram Group and Africa’s Sanlam Group, doubled its individual policy sales to 283,000 in the first half of the current fiscal. In an interview with Narayanan V, managing director and CEO Casparus JH Kromhout discusses the company’s recent performance and how it is creating insurance awareness.
Tell us about the performance in H1FY25.
It has been the best half-year performance in Shriram Life’s history. Our retail new business premium income grew 57% to ₹542 crore, reflecting investments and efforts made over the past 18-24 months to build capacity. Our renewal premiums increased by 19% year-on-year to ₹715 crore. We believe this marks the start of a sustained momentum.
