pexels
Shriram Life Insurance Company on Friday reported a three-fold jump in profit after tax to Rs 106 crore for the fiscal year ended March 2021.
The company's profit after tax has grown three-times to Rs 106 crore in FY20-21, backed by technology adoption and an increase in rural penetration as the company continues to serve the community at large, Shriram Life Insurance Company (SLIC) said in a release.
Its profit stood at Rs 35 crore in FY20.
Even during these unprecedented times, the company was able to grow its gross premium by 23 per cent, crossing the milestone of Rs 2,000 crore, it added.