Shriram Life Insurance Company is a collective venture linking Shriram Group organised in 1974, headquartered in Chennai and Sanlam and a preeminent financial services group based in Cape Town, South Africa.
The company was established in 2005 and commenced its operations in 2006. Shriram Life Insurance Company is well known for its effective utilisation of resources and economical operational costs. The total number of insured lives by the firm is higher than 26 lakh. The company’s objective plans in ‘reaching out to the common man with products and services that would be valuable to them as they set out on the route to accomplishment.’
In 2017-2018, Shriram Life’s claim settlement ratio was 80.23%.