Will break even by next fiscal

Zuno General Insurance, backed by Edelweiss Group, closed FY25 with a gross premium of around ₹1,000 crore.

- 

Managing director and CEO Shanai Ghosh tells Narayanan V about the insurer's roadmap to break even, how it is approaching the regulator's expense of management norms and the role of a carefully-chosen product mix in driving growth. Excerpts:

How was your growth in FY25?

We ended FY25 with ₹992 crore in GDPI (gross direct premium income). The GDPI growth rate was 19%, against the industry growth of 6%. We will continue to maintain a trajectory of 2.5 to 3 times the industry growth rate in FY26. Even if industry growth moderates, our trajectory remains unchanged. Therefore, we expect a healthy growth rate of 25%-30%, placing our premium target at around ₹1,250 crore this fiscal. Breaking even will be a major milestone for us and we have set a target to achieve it in FY27.