Janashakthi Insurance PLC (Janashakthi Life) recorded a growth of 145% in first year regular premium business during the second quarter, with the upward trajectory of gaining two market positions up in first year premium compared to 2020. Janashakthi Life also recorded a growth of 50% in gross written premium with year-to-date growth of 45%, reaching a premium income of Rs. Janashakthi Life realigned its sole focus on life insurance in 2018, in a strategic move calculated to achieve long-term growth. Remaining true to its roots as a life insurer, the company has since then sought long-term growth while also meeting short and medium-term growth plans. At the same time, gross written premium also grew significantly with 50% growth during the second quarter of 2021.

Source: The Nation August 31, 2021 18:45 UTC