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Shriram Life Insurance profit grows three times to 106 crores in FY 20-21

Shriram Life Insurance profit grows three times to 106 crores in FY 20-21
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Shriram Life Insurance FY21 net profit at ₹106 crore - The Hindu BusinessLine


Shriram Life Insurance FY21 net profit at ₹106 crore
May 21, 2021
Casparus Kromhout (file photo)   -  PAUL NORONHA×
Gross premium increased by 23 per cent to ₹2,019 crore
Private insurer Shriram Life Insurance reported a three fold increase in its net profit to ₹106 crore in 2020-21.
Gross premium increased by 23 per cent to ₹2,019 crore last fiscal while the number of policies increased by eight per cent to 2,95,838.
“This growth was supported by a 25 per cent growth on total new business premium and 24 per cent growth on retail renewals,” it said in a statement on Friday, adding that approximately 47 per cent of its new business came from the rural segment. ....

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Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy


Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy
Moneycontrol
12 hours ago
Sunil Matkar
© Nishant Kumar
Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy
The market clocked more than 2 percent gains in a truncated week driven by positive global cues and $2.3-tillion infrastructure package announced by the US President Joe Biden. Strong auto sales numbers and healthy buying across sectors supported the market, but the rising coronavirus infections limited the upside.
The BSE Sensex rallied 1,021.33 points, or 2.08 percent, to 50,029.83, and the Nifty50 climbed 360.05 points, or 2.48 percent, to 14,867.35, while the broader markets outpaced frontline indices. The BSE Midcap index was up 2.73 percent and the Smallcap index gained 3.91 percent. ....

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