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Shriram Life Insurance Company posts net profit of Rs 75 crore in H1FY23

South-based Firm (SLIC) on Wednesday reported a internet revenue of Rs 75 crore for the primary half of the present monetary yr.

It had posted a internet lack of Rs 45.8 crore within the April-September interval of the earlier fiscal.

Complete new enterprise of the insurer throughout April-September 2022-23 rose to Rs 457 crore as towards Rs 372 crore in the identical interval of 2021-22, it mentioned in a launch.

Gross premium in H1 FY23 elevated to Rs 969 crore from Rs 850 crore earlier.

The corporate’s property underneath administration grew by 21 per cent to Rs 8,149 crore as of September 30, 2022.

Casparus J H Kromhout, MD and CEO, Shriram Life Insurance coverage, mentioned the technique to mix expertise adoption with rural penetration has breathed new life into the corporate’s dedication to cowl India’s economically susceptible segments.

“We are actually capable of attain extra prospects throughout an even bigger geography, present worth via related merchandise and environment friendly customer support processes like claims settlement inside 12 hours even for remotest areas,” Kromhout mentioned.

(Solely the headline and movie of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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