Factuary

Shriram Life Insurance Insurance Data

lifeIRDAI Reg. 128

Life insurance subsidiary of Shriram Group.

HQ: Hyderabad
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IRDAI Disclosures ↗

Shriram Life Insurance is a life insurance company licensed by IRDAI (registration number 128). Its solvency ratio of 2.06× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 13th among 25 life insurers. The company reported gross written premium of ₹4216 crore in FY25-03, ranking 14th by premium among 25 life insurers. Its claims settlement ratio of 93.2% in Q1 FY26-27, placing it 8th among 10 life insurers with available data. Its 13th-month premium persistency ratio was 57.5% in Q1 FY26-27.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹4,216 croreFY25-03Handbook-Table-2-40

Solvency

solvency ratio2.06×Q1 FY26-27L-22-ANALYTICAL-RATIOS

Claim Settlement

claim settlement ratio93.2%Q1 FY26-27L-40-CLAIMS-DATA

Persistency

61st month persistency ratio27.1%Q1 FY26-27L-22-ANALYTICAL-RATIOS
25th month persistency ratio39.7%Q1 FY26-27L-22-ANALYTICAL-RATIOS
13th month persistency ratio57.5%Q1 FY26-27L-22-ANALYTICAL-RATIOS
37th month persistency ratio36.2%Q1 FY26-27L-22-ANALYTICAL-RATIOS
49th month persistency ratio31.5%Q1 FY26-27L-22-ANALYTICAL-RATIOS
61st month persistency by policy count26.7%FY23-24Handbook-Table-28
13th month persistency by policy count50.2%FY23-24Handbook-Table-28
25th month persistency by policy count36.0%FY23-24Handbook-Table-28
37th month persistency by policy count24.9%FY23-24Handbook-Table-28
49th month persistency by policy count29.2%FY23-24Handbook-Table-28

Financial Position

net worth₹921 croreFY24-25Handbook-Table-26

New Business

new business premium growth rate17.7%Q1 FY26-27L-22-ANALYTICAL-RATIOS

Distribution by Channel

IMF premium₹23.81 croreFY24-25Handbook-Table-100
Bank Channel premium₹33.78 croreFY24-25Handbook-Table-100
Online policies6,589FY24-25Handbook-Table-100
CSCs policies2,106FY24-25Handbook-Table-100
CSCs premium₹3.10 croreFY24-25Handbook-Table-100
POS premium₹0.00 croreFY24-25Handbook-Table-100
Brokers premium₹129.49 croreFY24-25Handbook-Table-100
Corp. Agents (Other) policies4,02,350FY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
POS policies0FY24-25Handbook-Table-100
Web Agg. policies106FY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100
Individual Agents policies2,653FY24-25Handbook-Table-100
MI Agents policies0FY24-25Handbook-Table-100
Direct premium₹348.16 croreFY24-25Handbook-Table-100
MI Agents premium₹0.00 croreFY24-25Handbook-Table-100
Web Agg. premium₹0.65 croreFY24-25Handbook-Table-100
Online premium₹10.44 croreFY24-25Handbook-Table-100
Bank Channel policies9,208FY24-25Handbook-Table-100
IMF policies4,895FY24-25Handbook-Table-100
Referrals policies0FY24-25Handbook-Table-100
Brokers policies37,078FY24-25Handbook-Table-100
Corp. Agents (Other) premium₹796.70 croreFY24-25Handbook-Table-100
Individual Agents premium₹25.45 croreFY24-25Handbook-Table-100
Direct policies76,063FY24-25Handbook-Table-100
Referrals premium₹0.00 croreFY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio12.6%FY24-25Handbook-Table-27

Other Claims

claims repudiation ratio0.24%Q1 FY26-27L-40-CLAIMS-DATA
claims settled in 1 to 3 months0.0%FY24-25Handbook-Table-18
claims settled after 1 year0.0%FY24-25Handbook-Table-18
claims settled in 6 to 12 months0.0%FY24-25Handbook-Table-18
claims paid within 1 month100.0%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.0%FY24-25Handbook-Table-18

Other

Individual Agents premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) schemes6FY24-25Handbook-Table-102
Individual Agents lives0FY24-25Handbook-Table-102
Bank Channel lives765FY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
Direct schemes43FY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
IMF premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) lives44,99,389FY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Brokers schemes58FY24-25Handbook-Table-102
Corp. Agents (Other) premium₹529.16 croreFY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
MI Agents schemes0FY24-25Handbook-Table-102
MI Agents premium₹0.00 croreFY24-25Handbook-Table-102
Brokers lives4,78,721FY24-25Handbook-Table-102
Online premium₹0.00 croreFY24-25Handbook-Table-102
Bank Channel schemes6FY24-25Handbook-Table-102
IMF lives0FY24-25Handbook-Table-102
Individual Agents schemes0FY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
IMF schemes0FY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
Brokers premium₹105.75 croreFY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
Direct lives50,85,957FY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
Direct premium₹270.17 croreFY24-25Handbook-Table-102
Bank Channel premium₹0.57 croreFY24-25Handbook-Table-102
MI Agents lives0FY24-25Handbook-Table-102
ULIP commission paid₹16.40 croreFY24-25Handbook-Table-13
traditional plan commission paid₹595.48 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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