Shriram Life's FY26 Maharashtra Growth: Retail Policies up 31%, Retail Premium up 17%, ahead of private industry

HYDERABAD, India, Aug. 31, 2026 /PRNewswire/ -- Shriram Life Insurance Company (SLIC) reported strong business performance in Maharashtra during fiscal year 2026, with growth in both retail policies and retail premiums exceeding private industry trends in the state.

During the period, SLIC's retail policy in Maharashtra grew 31%, higher than the private industry's growth of 12%. Retail premium growth stood at 17%, compared to 9% growth reported by the private industry during the same period.

"Maharashtra is a key focus market for Shriram Life's growth, and we are happy to see our efforts bearing fruit. We remain committed to investing in the region and fully expect this growth momentum to continue. Strong policy and premium growth, driven by our expanding footprint, reflects the trust of our customers and distribution partners across the region," said Casparus J.H. Kromhout, MD and CEO, Shriram Life Insurance.

SLIC remains focused on expanding access to life insurance, strengthening customer engagement, and supporting the long-term financial well-being of individuals and families across Maharashtra.

The company has strengthened its agency and bancassurance network, improved digital onboarding, and upgraded customer service. It continues to grow insurance penetration through protection and savings products, positioning it for steady growth in retail policies and premiums over the medium term.

Overall, SLIC's new business premium (individual) grew 21% in FY26, up from Rs 1,372 crore to Rs 1,666 crore in FY26. Retail annualised premium equivalent was up 14% in FY26, up from Rs 1,289 crore in FY25 to Rs 1,475 crore in FY26.

About Shriram Life Insurance Company

Shriram Life Insurance is committed to serving every Indian household with protection solutions that matter. With a network of 729 branches across the country, the company provides affordable, reliable, and user-friendly insurance —term plans, endowment, ULIPs, and annuities—helping families secure their tomorrow, today. Over 15.3 lakh in-force policyholders trust us with their financial safety. As of March 2026, our Assets Under Management has grown to ₹15,216 crore. Our easy-to-use apps make purchasing, premium payments, and claim settlements simple and convenient for everyone.

About Shriram Group

Shriram Group is one of India's leading financial conglomerates, with a strong presence in retail financing, asset reconstruction, wealth management, life insurance, general insurance, chit funds, stock broking, financial product distribution, and asset management services. The Group's focus is on serving underserved communities, driven by its financial inclusion agenda to bring finance to low-income families and small businesses. Shriram Group serves over 2.98 crore customers, has a marketing force of more than 1.85 lakh, employs over 1.15 lakh people, and operates through more than 4,700 branches. It manages an AUM of ₹3.69 lakh crore as of March 2026.