Will end FY24 with growth rate of over 30%: CEO Shriram Life Insurance

In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that Casparus JH Kromhout, managing director and chief executive officer said

Shriram Life Insurance Company, a joint venture between Shriram Group and South Africa-based Sanlam Ltd., has set a target of increasing its rural penetration by 50 per cent in the next three years. Casparus JH Kromhout, managing director and chief executive officer, talks to Shine Jacob about its performance in FY24, rural market goals, and strategy for increasing penetration in Telangana, where it is the lead insurer.

How are you seeing your performance in the Financial Year 2023-24, which is drawing to a close now?

The year is going quite well. We are at a growth rate above 30 per