Shriram Life Insurance Company reported a 21% year-on-year increase in individual New Business Premium (NBP) for the quarter ended June to ₹257 crore from ₹212 crore a year earlier.
The increase was driven by a broader distribution footprint, higher average ticket size and branch expansion, the company said. Renewal premium across individual business rose 25% year-on-year to ₹323 crore (₹259 crore). Total premium for Q1FY26 increased 27% year-on-year to ₹863 crore (₹679 crore).
SLIC has been systematically deepening strategic partnerships to broaden its reach into the remotest corners of the country and reinforcing its commitment to financial inclusion, MD and CEO Casparus J.H. Kromhout said.
The Assets Under Management (AUM) in the quarter went up 17% to ₹13,799 crore (₹11,841 crore). The insurer sold 86,750 policies. The solvency ratio for the quarter stood at 1.75.
The average ticket size or the average premium amount per policy sold for individual policies stood at ₹24,799 (₹15,192). In comparison, the average ticket size for the private industry for the quarter was ₹87,373, the company said.
This growth in average ticket size is also reflected in the individual New Business APE (annualised premium equivalent), which rose 9% year-on-year to ₹215 crore (₹198 crore).
Published – August 06, 2025 09:30 pm IST
