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Private sector Shriram Life Insurance registered a five-fold increase in its net profit at ₹88 crore in 2017-18 compared to ₹17 crore in 2016-17.
The insurer, which is the eight largest among private life insurers, also posted a 37 per cent increase in individual renewal premium collection in the fiscal. Gross premium grew by 23 per cent to exceed ₹1,500 crore in 2017-18.
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