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Shriram Life Insurance Company Ltd. is a joint venture of the Shriram Group and Sanlam with South African firm holding 26 per cent strake, maximum permissible ceiling for a foreign partner in a private insurance company. (As of June 2009).

The Shriram Group is one of the largest and well-respected financial services conglomerates in India. The Group’s main line of activities in financial services include chit fund, truck financing, consumer durable financing, stock broking, insurance broking and life insurance.
The Group has a customer base of 30 lacs chit subscribers and investors and operates through a network of 630 offices all over the country. The Group has the largest agency force in the private sector consisting of more than 75,000 loyal and dedicated agents.

Shriram Life Insurance Co. Ltd. was launched in January 2006. India currently accounts for 16% of the world’s population.70% of this population is below 35 years of age. Between 2001 and 2006, Indian demography has changed with the higher income classes (more than INR 70,000 per annum) constituting about 79%. This represents huge market for insurance products.

This is amply reflected in the growth of insurance industry in the last couple of years. However, this growth has not really reach the Rural and Semi Urban areas. Shriram Group with its network of branches particularly in these areas enjoys a unique opportunity for reaching out to wider audience and sustain the growth story of the insurance industry. Most of the products of Shriram Life were designed by advisors working in the field and based on need analysis done through Intense Market Research.

 Sanlam Life Insurance Limited, a part of the Sanlam Group, is one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration. It has a significant presence

across South Africa, United Kingdom and Namibia and is a major provider of life insurance, retirement annuities, saving and investment products, personal loans, home loans and trust services to individuals. The shareholder’s funds of Sanlam Life equates to USD 4.4 billion.

The Sanlam Group was established in 1918 and has a leadership position in financial services in South Africa. Demutualized in 1998, the group is listed on the JSE Securities Exchange in Johannesburg and on the Namibian Stock Exchange. It has a current market capitalization of USD 5.4 billion.

The Sanlam Group also operates in the areas of Group Schemes, Retirement Funds, Life Insurance, Asset Management and other financial services. It has an employee strength of 10,000 and has shareholder funds in excess
of US$ 4.6 billion.

During the first year of operation the company (Shriram Life Insurance Company) earned a profit of Rs 2 crore, which doubled to Rs 4 crore in the subsequent year. For the fiscal ended March 2009, the company earned a profit of Rs 8 crore, adding the total premium at the end 2008-09 stood Rs 1,000 crore. The company aims to garner new business premium of Rs 1,000 crore in next three years. The company also intends to increase its presence in 100 cities in the next 3-4 years.

Presently Shriram Life Insurance Company offers 11 products catering to various situations and strata of society:

• Shri Life
• Shri Nidhi
• Shri Raksha
• Shri Vidya
• Shri Plus
• Shri Plus (SP)
• Shri Laabh
• Shri Vivah
• Shri Vishram
• Shri Sahay
• Immediate Annuity Plan

Head Office:

Shriram Life Insurance Company Limited,
3-6-478, 3rd Floor, Anand Estates,
Liberty Road, Himayat Nagar,
Hyderabad – 500 029
India.

Tel: +91-40-2343 4466
Fax: +91-40-2343 4488

List of Branch Offices

http://www.shriramlife.in

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