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Essay On Shriram Life Insurance

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Chapter 3 Profile of the Shriram Life Insurance Company Limited SHRIRAM LIFE INSURANCE Shriram Life Insurance was incorporated in 2005 and began business in 2006. Since the initial year of operations, the company earned profits in first three consecutive years- becoming the sole non-public life-insurer company to possess earned the excellence. Compared to trade nobles after seven years of operation, Shriram Life insurance was the utmost profitable life-insurance company within the nation. The company’s performance stands move into effective usage of capital plus low value of operations. In accordance with group philosophies, Shriram Life has expressively focussed on Inclusive growth by taking life insurance to the sector where it is needed the most – The ‘AAM AADMI’ (Common …show more content…

SHRIRAM LIFE INSURANCE AT A GLANCE • Started as a joint venture of the Shriram group and Sanlam group • Incorporated in 2005 and started operations in January 2006 • Total individual new business premium : 2871 crores • Only private life insurer to report profits in the first year and 4 consecutive years of operations • One of the very few life insurers with low operating cost • Total premium on group policies : 636 crore • Assets under management : 2368 crores • Second life insurer in India to be certified with ISO 27001 • Total number of branches : 528 • Total individual life policies issued : 12.43 lakhs • Policies issued to customers in 30* states (including union territories) • Total lives covered 96.97 lakhs (including group insurance) 3.5. Awards and Accolades • Mr. R Thyagarajan, founder chairman Shriram group received the Padma Bhushan award from Hon’ble president of

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