Shriram Life Insurance posts Rs 86 cr profit for FY14

Tags: Companies
Shriram Life Insurance Company today posted 4.87 per cent growth in profit to Rs 86 crore for 2013-14 financial year.

The Chennai-based company had reported a profit after tax at Rs 82 crore during the previous fiscal, Shriram Life Insurance Company said in a statement.

Total gross premium collected during the financial year ending March 31, 2014, stood at Rs 395 crore as against Rs 421 crore during the previous year.

Observing that the company had sold 1.38 lakh polices during the year ending March 31, 2014 as against 1.54 lakh policies in the previous year, Shriram Life Insurance Company Managing Director Akhila Srinivasan said, "we have, however, concentrated on quality rather than volume of business done. We strongly believe that the coverage of individual lives should be sustained ..."

"we were largely focussing on Southern territories. However, we have made significant efforts in expanding to other geographies and have entered markets in North and West", Shriram Life Insurance Company CEO Manoj Jain said.

"We are confident of a double digit growth on new business and policy count on the current financial year", he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture