Shriram Life Insurance Company, also known as (SLIC) was founded in
the year 2005 and commenced operations in the year 2006. SLIC is
well known for their efficient use of capital and low operational
costs. Shriram Life Insurance Company is a joint venture between
Shriram Group founded in 1974, headquartered in Chennai and Sanlam,
a leading financial services group based in Cape Town, South Africa.
Together, Sanlam and Shriram’s group aims to provide the best life
insurance products to cater different segments of Indian market. The
company’s objective aims in ‘reaching out to the common man with
products and services that would be helpful to him/her as they set
out on the path to prosperity.’
Highlights of Shriram Life Insurance
• Shriram Life has more than 528 branches with over and above 1.45
crore customers.
• Shriram Life clocked Rs.1020 crore gross premium in 2015-2016.
• The company has a network of 609 offices and 75,000 agents across
India.
• Shriram has an outstanding Underwriting Record and has awarded as
‘Underwriting Initiative of the Year.’
• Shriram Life Insurance generates more than 40% business through
providing insurance to rural area and weaker segment individuals -
‘AAM AADMI’ of India.
• The Founder of Shriram Group, Mr R Thyagarajan, has been awarded
with Padma Bhushan award.