Ad Here  
April
May
June
July
August
September
 
 
Nissan exit shouldn’t affect ALL The unexpected exit Daimler’s truck exports from Chennai cross 5000 units Michelin to double Chennai capacity PSU non-life firms seek to protect share Gamesa to set up a plant in Nellore Titan Company – sales recovery to kick in Tata Motors aims to be among the Top 3 global CV & PV firm L&T bags the Mumbai Trans-harbour link order From the toughest to the best year Shriram Life clocks more than Rs.1000 crore premium in 2015-16 RoC in the dock... Maruti – for young buyers He excels in the nuts and bolts of entrepreneurship Daimler grows sales and share in India Chinese smart phones flourish in small towns too! L & T’s floating dock for navy Bajaj Finserv – Q1: fare well Carnival Films acquiring 3000 screens pan India Increasing market share Vellayan is back, after 150 days Right to privacy – now it’s fundamental! V-Guard launches app-enabled water heater system Dish TV – subscriber additions encouraging Toyota and Suzuki to introduce EVs in India by 2020 TVS Srichakra plans capacity expansion ITC – steep excise hike Consolidating leadership position in smartphones TN government keen on revival of operations at Nokia complex HPCL plans Rs.61,000 crore capex over 5-years Eyes strong growth in 2016-17 29 per cent jump in TCS revenues Last stages Mercedes-Benz sales continue to zoom Tata Motors joins compact SUV bandwagon with Nexon When small is not so beautiful… TI Cycles plans retail expansion to drive sales for premium bicycles Sivasankaran enters taxi space to take on Uber and Ola Aurobindo Pharmacy: good turnaround Tata Motors bets on new launches A welcome initiative-even critics are recognised Tata Steel, ThyssenKrupp sign MoU to merge European units Hyundai India achieves 7 mn production at Chennai factory AL secures orders for 3600 buses It takes two to tango Land wars TVS Automobile invests Rs.75 crore in start-up firms IOB on turnaround path Preparing for the next growth curve Rane targets Rs.5500 crore topline by 2018-19 AL introduces Guru & Partner LVB posts 31 per cent growth in Q1 net profit Smartphone onslaught by Chinese brands PPP model for infrastructure development Sundram Fasteners rejigs international Ode to Ratan Tata AL wins Deming prize again Record two-wheeler sales Tata Motors charts investments in PV and CV businesses The gainers and the losers ITC chairman calls for policy impetus to transform agriculture Back in growth mode Yamaha unveils scooter boutique Kone India eyes further growth in elevator market New India Assurance posts impressive show M & M unveils driverless technology for tractors Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Tata gets 4-star rating for Zest Singur minus Nano – victory or folly? Are they really independent? Smooth sailing of SAIL L&T profit up by 11 per cent Forging industry worried over lower supply of steel and its price A niche in FMCG business... Is this a generation gap? Hyundai to focus on SUVs and AMT variants CAPITAL NOTES Wabco launches safety system Hindalco – re-rating Welcome focus to improve rural India... Solar installations exceed 2015 capacity in five months L & T set bigger ambitions in defence business Emami – a new growth mantra Housing demand revival E.I.D Parry (India) Ltd: another sweet year
 
Shriram Life clocks more than Rs.1000 crore premium in 2015-16

Shriram Life Insurance Company Ltd clocked over Rs.1000 crore of gross premium during the year 2015-16.

Of the total Rs.1020 crore garnered, new business premium (NBP) accounted for Rs.706 crore while renewals fetched Rs.314 crore.

“Rs.1000 crore is a big milestone for us. What’s more is that the company has achieved significant growth on all business parameters as against last financial year,” according to Shriram Life’s MD, Manoj Kumar Jain.

He further said: “our growth on annual premium equivalent (APE) is, in fact, more than 50 per cent year-on-year. We sold close to 2.67 lakh retail policies, which ranks us among top 7 Private life insurers in the country. Achieving more than Rs.300 crore in a renewal of premium was a significant milestone.

Meanwhile, Shriram Life has graduated to a Pan India company from being a South India-centric player. As a result, the share of business from non-southern markets is upwards of 50 per cent.

 


Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com