Shriram Life Insurance Company is a joint venture between Shriram Group - one of the most leading finance company, founded in 1974, headquartered in Chennai and Piramal Group, a global business conglomerate and Sanlam Group, a leading financial services group based in Cape town, South Africa.
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Mr. Casparus J H Kromhout|
|Foreign Partner||Shriram Group – an Indian Conglomerate headquarters in Chennai Piramal Group – a global business conglomerate Sanlam Group – a leading financial services group from South Africa|
|Covering range of people||26+ lakh people covered|
|Contact Details||Toll-free : 1800 3000 6116 Mobile : +91 40 2300 9400 Website : www.shriramlife.com Mail : email@example.com For Claims : firstname.lastname@example.org|
|Latest Claim Settlement Ratio||85.30% (FY 2018-19)|
|New Business Premium||813.58 Cr (FY 2018-19)|
|Asset Under Management||7,790.36 Cr as on March 31st 2019|
|Solvency Ratio||192% as on 31st MAR 2019|
|Vision||To reach out the common man with product and services that would be helpful them as they set on the path to prosperity|
|Mission||To be the guiding philosophy of putting people first that has brought the group company closer to the grassroots and made it preferred choice for all financing requirements among the customer.|
|Year of start||2005|
|IRDAI registration No||128|
|Corporate Office||Shriram Life Insurance Company Limited Ramky Selenium, Plot No 31 & 32, Beside Andhra Bank Training center, Financial District, Gachibowli, Hyderabad – 500032.|
|Best products||1) Shriram Life super Income Plan 2) Shriram Life Golden Premier Saver Plan 3) Shriram Life Assured Income Plan 4) Shriram Life Genius Assured Benefit Plan 5) Shriram Life Online Term Plan 6) Shriram Life Comprehensive Cancer Care|
|Awards & Recognitions||1) Best Customer Experience in Financial sector – Non-Banking, 2020 2) Recognition for Active Customer Engagement 2019 3) ‘India’s Greatest Brand Award 2017-18’ – Pride of the Nation Series Awards & Business Summit.|
|Social Media Links||
Twitter : twitter.com/shriramlifeins
Facebook : facebook.com/Shriramlife
ABOUT SHRIRAM LIFE
Shriram Life Insurance Company Limited (SLIC) was established in the year of 2005 and started its operations in the year of 2006. The Company is well known for their efficient use of capital and low operational costs.
AIM OF SHRIRAM LIFE
Together, Sanlam and Shriram’s group aims to provide the best life insurance products to cater different segments of Indian Market. In 2016, Shriram Life Insurance Company received the Bizz Americas 2016 Awards.
The Shriram Life Insurance Company was founded with the objective of reaching out to the “common man” with products and services that would be helpful to them as they set out the path to “prosperity”.
STRENGTH OF SHRIRAM LIFE
Operational efficiency, integrity and a strong focus on catering to the needs of the average Indian, by offering him high and cost-effective products and services, are the core values that drive the organization.
These values have been strongly adhered to over the decades and are now an integral part of the organization’s DNA.
The company prides itself on its deep understanding of the customer. Each product or service is tailor-made to specifically suit the needs of the customer.
It is guiding philosophy of putting people first that has brought the group company closer to the grassroots and has made it the preferred choice for all truck financing requirements amongst the customers.
Sanlam Group is a leading financial services group-based in Cape Town, South Africa. Sanlam’s association with Shriram Group began in 2005 with the emergence of Shriram Life Insurance Company (SLIC), a part of the diversified Shriram Group.
Over the years, the relationship has deepened significantly with Sanlam having a stake in the Shriram Group and a stake of 23% in Shriram Life Insurance through its 100% subsidiary.
VISION OF SANLAM’S GROUP
Sanlam’s vision is to be the leader in client-centric wealth creation, management and protection in South Africa, to be the lading player in Pan-Africa financial services with a meaningful presence in India and Malaysia and to play a niche role in wealth and investment management in specific developed markets.
Sanlam operates through a number of subsidiaries, associated companies and joint ventures. Sanlam Life is the largest operating subsidiary and the holding company of most of Sanlam’s operations in emerging markets.
OPERATIONS AND SERVICES OF SANLAM GROUP
Sanlam offer their clients a large and diversified range of solutions across life insurance, general insurance, investment management, credit and structuring and administration, health and other line of business.
Their solutions span the broad spectrum of financial services, but specifically exclude transactional banking. Sanlam is one of the 50 largest internationally active insurance groups in the world with a direct and indirect presence in 44 countries.
Through SEM, Sanlam has the most extensive insurance footprint on the African Continent. The group have a direct presence in 33 countries in Africa through 65 subsidiaries.
Piramal Group is a global business conglomerate with operations in over 30 countries. Since the late 1980’s the Piramal Group has diversified from a textile-centric business to sectors such as pharma, healthcare information management, financial services, specialty glass packaging and real estate.
Driven by its core values, Piramal Group, steadfastly pursues inclusive growth, while adhering to ethical and values-driven practices. Piramal Foundation, the philanthropic arm of the Piramal Group develops innovative solutions to resolve issues that are critical roadblocks towards unlocking India’s economic potential.
Its sustainable development programs in healthcare & nutrition, education and safe drinking water across 25 Indian states, largely in partnership with the central and state governments have impacted over 100 Million lives till date.
Shriram Group is an Indian Conglomerate founded on 5 April 1974, by Ramamurthy Thyagarajan, AVS Raja and T Jayaraman. The group had its beginning in chit fund business, based on Headquartered in Chennai, later on entered the leading business through Shriram Transport Finance and Shriram City Union Finance.
Serve the underserved thereby creating wealth in the community is the founding philosophy of the Sriram Group. Since 1947, the group has endeavored to provide the mass customer segment with premium financial services platforms.
OTHER SERVICES OF SHRIRAM LIFE
In the Covid-19 pandemic, Shriram Life are doing their best to ensure that they can provide as many as services as possible. They enable their digital servicing options to their customers nominees to provide continuous services. Also, focusing on business through their 24/7 accessible digital servicing option to protect the people from any uncertainties.
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