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Janashakthi fastest growing insurer in Q1 2025
Daily FT
|May 29, 2025
JANASHAKTHI Life, the fastest growing life insurer in the country recorded 49% year-on-year increase in Gross Written Premiums (GWP) for the first quarter of 2025, totalling Rs. 1,830 million — up from Rs. 1,231 million in Q1 2024.
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The company’s strong top-line growth reflects its strategic focus on customer acquisition, market expansion, and product innovation.
Regular First Year Premium (FYP) grew by a mammoth 86% over last year demonstrating its ability to attract a broader customer base.
Similarly, the New Business Premiums also surged by 78%, underscoring Janashakthi Life’s growing market share.
The company's total assets rose to Rs. 38,849 million as of 31 March, 2025, a 3% increase from the previous year. The net profit for the quarter stood at Rs. 292 million after tax. Janashakthi Life also paid out Rs. 782 million in claims and benefits during the quarter, further strengthening its position as a reliable partner for policyholders.
Denne historien er fra May 29, 2025-utgaven av Daily FT.
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