Overview
Shriram Life Insurance Company (SLIC) announced its FY26 performance in Maharashtra, highlighting that retail policy count grew 31% year‑on‑year, surpassing the private industry’s 12% increase. Retail premium in the state rose 17%, compared with 9% growth for private competitors.
Financial Highlights
- New business premium (individual) rose 21% to Rs 1,666 crore in FY26, up from Rs 1,372 crore in FY25.
- Retail annualised premium equivalent increased 14% to Rs 1,475 crore in FY26 from Rs 1,289 crore in FY25.
Operational Developments
SLIC emphasized expansion of its agency and bancassurance distribution channels, enhancements in digital onboarding, and upgraded customer service, which it attributes to the strong policy and premium growth.
Scale and Reach
- The insurer operates 729 branches nationwide.
- It serves over 15.3 lakh in‑force policyholders.
- Assets under management reached ₹15,216 crore as of March 2026.
Parent Group Context
Shriram Group, the parent conglomerate, serves more than 2.98 crore customers, employs over 1.15 lakh staff, maintains a marketing force of over 1.85 lakh, and runs more than 4,700 branches. Its total AUM stood at ₹3.69 lakh crore as of March 2026.
Management Commentary
Casparus J.H. Kromhout, Managing Director and CEO of Shriram Life Insurance, stated that Maharashtra is a key focus market and the company expects the growth momentum to continue, underscoring its commitment to investing in the region.