About Shriram Life Insurance Co. Ltd.
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.’
Shriram Life Insurance offers insurance products in the following domains :
- Life Insurance Plans
- ULIP Plans
- Term Plans
- Plans for Women
- Child Plans
- Pension Plans
- Savings Plans
- Group Plans
- Micro Plans
The Edge Offered by Shriram Life Insurance Company Ltd.
- The insurance company has its presence across the country with a network of 609 offices and 75,000 agents all over India.
- Shriram possesses an exceptional Underwriting Record and was awarded as ‘Underwriting Initiative of the Year.
- Shriram Life Insurance garners more than 40% business by offering insurance to the rural area and weaker sections and individuals under the program of ‘AAM AADMI' of India.
- The company bagged the Indian Insurance Award for Non-Urban Coverage - Life Insurance presented by Finetelekt, SP Media Pvt. Ltd. and the International Arch of Europe’ award by Frankfurt in the year 2015.
Claim Settlement Ratio
In 2017-2018, Shriram Life’s claim settlement ratio was 80.23%.