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Shriram Life Insurance in India
Shriram Life Insurance, made profits in the first three
consecutive
years — becoming the only private
life insurer to have achieved the distinction. Compared to
industry peers after 10 years of operation, Shriram Life
insurance was the most profitable life insurance company in the
country. The company's performance stands out in efficient use
of capital and low cost of operations. In line with group
philosophy, Shriram Life has significantly focussed on
Inclusive growth by taking life insurance to the section where
it is needed the most — The 'AAM AADMI' (Common Man). The
Founders have always maintained a firm focus in the rural
market since they put their first step in 1974 towards building
the group.
The standing committee of Parliament on Insurance, Headed by Honourable member of Rajya-Sabha Dr. Maya Singh has applauded Shriram Life's sincerity towards business through socially weaker segment and policies sold in rural areas. Shriram Life generates more than 40% of its business through the segment, again a confirmation of the business model. The company also has an outstanding Underwriting Record; Underwriting Profits have emerged every year without a break. Shriram Life was awarded the best "Underwriting Initiative of the Year " at 'Stars of the Industry awards by 94.3 My FM' for innovation in relaxing the underwriting standards to suit the customer base. The Company is poised to make further growth and achieve bigger milestones in the years to come.
Customer Stories
Rajesh Kumar Yadav
I paid a small amount for my premium with Shriram Life, but in the end I was paid back 100 times more in service during a time when my world was turned upside down. They only cared about one thing. Me. I never felt I was dealing with customer service, I felt like I was dealing with 'human' service. # Rajesh Kumar Yadav
Mona Kulkarni
Shriram Life Insurance understood that this claim was not to be my main worry or concern at this time and they proved to me that it wasn't even remotely close. There was no bull, no putting me on hold, no checking for approvals, no asking for managers. My claim was handled quickly with a reasonable amount of paperwork. #Mona Kulkarni
Ram Babu
Shriram Life Insurance assistance was an absolute pleasure to deal with. I wish all insurance companies in any capacity were as helpful, considerate and accessible! Every agent. Every. Single. One.. that I worked with during my claim was supportive and sincerely concerned about my health and future first. # Ram Babu
