Shriram Life Insurance Targets 20% Growth in FY26 Amid Regulatory Challenges

Shriram Life Insurance aims for around 20% growth in the fiscal year 2025-26 despite regulatory challenges including special surrender value norms, GST, and labour codes. CEO Casparus Kromhout highlighted the company’s strong expansion over the past three years, with growth rates of 24%, 39%, and 45% respectively. While previously focusing on proprietary distribution channels, Shriram Life is now open to bank tie-ups to enhance distribution, especially in rural and lower-income segments, though no formal discussions are underway.