OneShriram’s Post

Celebrating commitment to insuring the underinsured! Today, Shriram Life Insurance, crossed a significant milestone of Rs 11,000 crore assets under management (AUM). At the outset, it reflects on the financial prowess that the team has achieved. Being profitable since inception and showcasing 16% growth in new business & renewal growth year on year, due credits go to Casparus Kromhout and his team of agents, partners and employees who have worked to achieve this feat. However, these numbers tell a larger story. With over 2.7 lakh policies issued till date in the current financial year, Shriram Life Insurance has achieved these results employing a purpose-driven approach, addressing the insurance needs of those who deserve it the most. This is further emphasized with the rural penetration rates of 45%, surpassing the industry average of 29%. Shriram Life is poised to be the beacon of inclusive insurance, making significant strides in both rural outreach and overall market impact. #purposedriven #shriram50 #shriramlife

#Gross Premium of Shriram General Insurance up 31% in Q1FY25 - Indian Convention #Gross Written Premium (GWP) during Q1 FY25 was Rs.733 Cr, 31% growth YoY. The net profit jumps to Rs 114 Cr in Q1 FY25, a 17% growth from the year ago period. AUM stands at Rs. 12268 Cr as on 30 June 2024, an 8.74% growth from Rs 11282 Cr same period a year ago. Solvency ratio stands at 3.87 as of 30 June 2024, highest in the country. Motor business grows by 34% and non-motor by 10% in Q1FY25. No of live policies has increased to 62.85 Lakhs in Q1FY25 from 57 Lakhs in Q1FY24 Shriram General Insurance Company […] https://lnkd.in/gZAfj65k 𝗖𝗹𝗶𝗰𝗸 𝘁𝗼 𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗙𝗮𝘀𝘁𝗲𝘀𝘁 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 - https://lnkd.in/gqWAqhyR 𝗙𝗼𝗿 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗔𝗺𝗮𝗮𝗻 𝗧𝗮𝗾𝘃𝗶 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝗼𝗻 𝗟𝗶𝗻𝗸𝗲𝗱𝗶𝗻 - https://lnkd.in/gbfDTSGq +91 7275859841

shriram life insurance

#Gross Premium of SHRIRAM GENERAL INSURANCE CO. LTD. up 31% in Q1FY25 - Indian Convention #Gross Written Premium (GWP) during Q1 FY25 was Rs.733 Cr, 31% growth YoY. The net profit jumps to Rs 114 Cr in Q1 FY25, a 17% growth from the year ago period. AUM stands at Rs. 12268 Cr as on 30 June 2024, an 8.74% growth from Rs 11282 Cr same period a year ago. Solvency ratio stands at 3.87 as of 30 June 2024, highest in the country. Motor business grows by 34% and non-motor by 10% in Q1FY25. No of live policies has increased to 62.85 Lakhs in Q1FY25 from 57 Lakhs in Q1FY24 Shriram General Insurance Company […] https://lnkd.in/gPC2FdWM 𝗖𝗹𝗶𝗰𝗸 𝘁𝗼 𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗙𝗮𝘀𝘁𝗲𝘀𝘁 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 - https://lnkd.in/gsYmD_BZ 𝗙𝗼𝗿 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗔𝗺𝗮𝗮𝗻 𝗧𝗮𝗾𝘃𝗶 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝗼𝗻 𝗟𝗶𝗻𝗸𝗲𝗱𝗶𝗻 - https://lnkd.in/g-6MSZ8e +91 7275859841

Don't get bowled over by life's uncertainties like accidents and unexpected expenses. Stay within the stop line, heed traffic signs, and move forward with confidence. Protect your savings with Shriram General Insurance. 🚦 Insure today at https://lnkd.in/dB9NHpkQ #StaySafe #ProtectYourSavings #ShriramGeneralInsurance #RoadSafety #DriveSmart #ShriramGI #SGI

Hello, connections! One Page Company profile report of Star Health and Allied Insurance Co. Ltd 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲: Star Health and Allied Insurance Co Ltd is an Indian multinational health insurance company headquartered in Chennai.[2] The company provides services in health, personal accident and overseas travel insurance, directly as well as through various channels like agents, brokers and online. Star Health is also prominently into bancassurance having long standing relationship with various banks. 𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬: 1) Key Financial Metrics 2) Key Financial Ratios 3) Share Price Analysis for the past 5 years 4) Volume Analysis for the past 5 years 5) Capital Structure 6) Top Shareholder Analysis 7) Management Remuneration 8) Recent Updates I would like to thank Parth Verma Sir for providing great insights to prepare the report. Disclaimer: - This report is for educational purposes only. #finance #valuations #financialanalysis #financial #stockmarket #financialanalysis

According to Policybazaar.com, the demand for flexible insurance options is being driven by young entrepreneurs, as more people seek coverage without the need for traditional income documentation. The self-employed segment has grown by 50% year-on-year, and 70% of these sales are from plans specifically designed for them. These plans are much easier to access now—no need for Income Tax Returns (ITR) or salary proofs. Instead, insurers use digital metrics like credit history, loan details, and even the Insured Declared Value (IDV) of vehicles to assess financial stability. Big players like Max Life, Tata AIA, HDFC Life, and Bajaj Allianz have jumped in, creating products tailored for the self-employed. When it comes to choosing the right coverage, many self-employed individuals aim for policies that offer life insurance equivalent to ten times their annual income: - For those earning between Rs 3-5 lakh, a cover of around Rs 39 lakh is common. - For higher earners, typically above Rs 10 lakh, policies with coverage up to Rs 1 crore are popular. Interestingly, 74% of term insurance buyers in this category are aged between 27 and 38. This younger group is more comfortable with digital platforms and financial planning tools, which is driving their proactive approach to securing their financial futures. Men still dominate the self-employed insurance market (84% of policyholders), but women are making headway. As more women enter entrepreneurship, their participation in term insurance is expected to grow. When it comes to top markets for self-employed term insurance, Mumbai leads the pack, followed by cities like Delhi, Chennai, Lucknow, Bangalore, and Hyderabad. The self-employed are reshaping the insurance landscape, and this shift toward tailored, flexible plans is just the beginning! #insurance #terminsurance #finance

In a recent interview with Business Standard, Casparus Kromhout , MD and CEO of Shriram Life Insurance Company, outlined the company’s ambitious growth strategy. Kromhout highlighted that Shriram Life’s assets under management (AUM) have recently surpassed ₹11,000 crore, with a goal to triple this figure to around ₹35,000 crore by 2030. The company has done a lot of work in innovation, AI, and technology since 2017, and it is beginning to yield positive results. Kromhout emphasised the crucial role of technology in managing a large volume of business with relatively lower premiums compared to industry averages. He pointed out that Shriram Life is focusing on rural markets, which currently constitute about 42-44% of their business—significantly higher than the industry average of 20%. The company is also leveraging tools like the Astra application and analytics to drive growth. Casparus Kromhout believes that life insurance companies will boost investment in government securities once they become big, supporting broader infrastructure and development goals. Overall, Kromhout’s vision for Shriram Life Insurance is deeply rooted in technological advancement and strategic rural outreach, positioning the company for significant future growth. #ShriramLife #GrowthStrategy #Innovation #AI #RuralFocus #Insurance #BusinessStandard #FutureReady #TechInInsurance #InsuranceForAll #FinancialGrowth #InsuranceInnovation #SustainableGrowth #DigitalTransformation #RuralDevelopment #InsuranceIndustry

Hey there! Have you heard about the latest updates in the insurance sector? The IRDAI has rolled out some new guidelines that are shaking things up in the industry. These changes are aimed at making sure policyholders are well-protected, improving governance practices, and overall, making things clearer and fairer for everyone involved. One of the major game-changers is the new Corporate Governance regulations for insurers. It's all about setting up a strong framework for how insurance companies are run. By clearly defining the roles and responsibilities of the board and management, the IRDAI is taking a big step towards bringing insurance practices in India in line with global standards. These updates show that the insurance sector in India is evolving, and it's important for everyone involved to keep up with the changes. So, if you're part of the insurance world or just curious about what's going on, staying in the loop with these new developments could give you some valuable insights into where the industry is headed. #Insurance #FinancialGoals #FinancialPlannings #Leadership #Guidance# Shriram Life Insurance Insurance Industry.

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