SHRIRAM LIFE INSURANCE CO. Ltd
Shriram Life Insurance Co. Ltd was launched in January 2006. It is a joint venture
between the Shriram group and the Sanlam Group.
The Shriram Group - It is one of the largest and well respected financial services
companies in India. The main operations are carried on in the fields of chit funds,
truck financing, consumer durable financing, stock broking, insurance broking and
life insurances. The company has around 30 lacs chit fund subscribers and operates
through a network of 630 offices country wide. It has an agency force of more than
75,000 employees, the largest in the private sector.
The Sanlam Group- Sanlam life insurance is one of the largest providers of life
insurance in South Africa. It has by far flourished very well in South Africa, United
Kingdom and Namibia, and is a major provider of insurances
, personal loans
and trust services to its customers. It has shareholder funds as close
to $ 4.6 billion. The Sanlam group was incorporated back in 1918, and was demutualized
in 1998. It 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.
It manages sectors of retirement funds, short term insurance, financial services
and asset management. They are a team of about 8,000 employees. As on 31st December
2004, it had more than USD 48 billion assets under management.
The company offers a wide range of life insurance plans
for their customers. They attract customers by coupling security with savings in
their plans. Some of their plans also offer liquidity along with life cover.
Some of their plans are listed below:
- ShriLife Plus
- Annuity Plan