Archive · 21 Nov 2025
Shriram General Insurance: Diversifying Portfolio, Targeting ₹8,000 Cr GWP by 2030
Shriram General Insurance, which mostly sells car insurance, wants to sell more different types of insurance.
They plan to launch a new type of insurance called surety bonds in the next six months.
They want to make sure that car insurance is less than 90% of their total sales by the year 2030.
They also want to sell more insurance to businesses and hope to make ₹8,000 crore in sales by 2030.
Shriram General Insurance aims to increase non-motor segment to 15% by 2030
Plans to launch surety bonds in six months
Targeting ₹5,200-5,300 crore GWP for FY27
Expects to close FY26 at around ₹4,500 crore GWP
Motor insurance accounts for over 90% of current GWP
- Who
- Shriram General Insurance
- What
- Plans to diversify its insurance portfolio and increase gross written premium (GWP)
- When
- In the next six months and by 2030
- Where
- India
- Why
- To reduce dependence on motor insurance and increase overall GWP
Insurance Companies
Regulators/Government
Third-Party Motor Insurance Rates
Insurance Companies
Demand increase and rationalisation of rates
Regulators/Government
Overdue revision, potential rate reduction for some segments
- Current GWP
- ₹2,045 crore (FY26 H1)
- Growth Rate (YoY)
- 28%
- Market Share
- 1.24%
- Target GWP (FY27)
- ₹5,200-5,300 crore
- Target GWP (2030)
- ₹8,000 crore
- Current Motor Insurance Share
- 91%
- Target Non-Motor Share (2030)
- 15%