Archive · 25 Oct 2025
Shriram Life Eyes Growth Amidst Regulatory Changes and Tax Relief
Shriram Life Insurance, a company that helps people with life insurance, is planning to grow a lot by the year 2030.
They have a new goal to earn much more money from the sales of new insurance policies.
They are also aiming to increase the total value of all the assets they manage.
The government recently made some changes to the way insurance is taxed, which helps customers by making insurance cheaper and easier to get.
However, some changes in the rules from the government may affect how fast the company can grow.
Despite these challenges, the company is still optimistic and aims for a lot more business in the next few years.
Shriram Life Insurance aims to grow new business premium to Rs 3,000-3,500 crore by FY30.
The company's AUM target for FY30 is Rs 30,000 crore.
New GST rules exempt individual life insurance premiums, which is seen as a positive for customers.
Regulatory changes might slightly reduce the firm's growth rate due to solvency impacts.
The company is focusing on more affordable policies to increase insurance inclusion.
- Who
- Shriram Life Insurance
- What
- Discusses growth targets, regulatory impacts, and GST benefits.
- When
- As of the current fiscal year, with targets set for FY30.
- Where
- Interview conducted in Chennai.
- Why
- To discuss the company's future, the impact of regulations, and tax changes.
- Company
- Shriram Life Insurance
- MD & CEO
- Casparus J H Kromhout
- FY30 New Business Premium Target
- Rs 3,000-3,500 crore
- Current AUM
- Rs 14,000 crore
- FY30 AUM Target
- Rs 30,000 crore
- Average Policy Premium (Industry)
- Rs 1.13 lakh
- Average Policy Premium (Shriram)
- Rs 30,000