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(24 May 2024, 11:59)

Shriram Life Posts PAT at Rs 158 crore, New Business Premium rose 62% in FY24



Shriram Life Insurance has reported a Profit After Tax (PAT) of Rs 158 crore for the financial year ending March 31, 2024. The company had registered a PAT of Rs 156 crore during the same period of previous financial year on YoY basis.

Total business premium income for the year ending March 31, 2024 grew by 62% to Rs 1,871 crore, as compared to Rs 1,152 crore registered last year. Individual new business premium grew by 39% to Rs 938 crore as against Rs 675 crore in same period of last year, a company statement said.

Its Assets Under Management in FY'24 rose to Rs 11,282 crore, witnessing a 25% rise from Rs 9,012 crore in the year-ago period.

The number of individual policies rose to 4,46,730 from 2,88,222 in same period of last year. The number of ...

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