Shriram General Insurance expects minimal impact on its motor third-party portfolio from the Supreme Court’s recent recognition of unpaid domestic work’s economic value, as the company continues its growth trajectory driven by motor premiums and strategic expansion.
Shriram General Insurance does not expect the Supreme Court’s recent ruling on compensation for homemakers to materially affect its motor third-party book, even as the broader industry braces for a higher claims burden, Managing Director and Chief Executive Anil Aggarwal said. The court’s June 11 judgment recognised the economic value of unpaid domestic work and created a separate head of compensation for “loss of domestic care”, based on a monthly income benchmark of ₹30,000 with periodic increases linked to inflation and socio-economic change.
Aggarwal told BusinessLine that the company had already reviewed the potential exposure and, because of its large portfolio, believed the financial effect would be limited. The insurer derives more than 90% of its income from motor premiums, with roughly 73% of that coming from third-party cover and the balance from own-damage policies.
The company’s recent performance suggests the motor focus is still delivering growth. Insurance Asia reported that Shriram General Insurance’s net profit rose 26% year on year to ₹165 crore in the quarter ended December 2025, while gross direct premium climbed 19% to ₹1,258 crore. For the first nine months of FY26, gross direct premium rose 24% to ₹3,304 crore, with motor insurance again the main driver.
That momentum carried into the first half of FY26, when the insurer posted a 28% increase in gross written premium to ₹2,045 crore, according to The New Indian Express. The report said the company’s solvency ratio stood at 3.33 as of September 30, 2025, well above the regulatory minimum, and that its active policy count reached 69 lakh, up from 63 lakh a year earlier.
Aggarwal has said the company is pursuing premium growth without separating motor third-party and own-damage performance too rigidly, preferring to assess the combined economics of the book. The Economic Times reported that Shriram General is prioritising underwriting discipline and advisor-led distribution expansion, while gradually building out health insurance. The company expects premium income to rise about 20% in the current financial year and aims to increase its financial adviser network to 2 lakh by FY30.
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