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Shriram Life Insurance Co. Ltd.

Shriram Life Insurance Co. Ltd. is an insurance joint venture between Shriram Group, India and Sanlam of South Africa.

The Shriram Group is into chit funds, truck financing, and other financial services businesses in India. Sanlam is a life insurance and asset management firm in South Africa with assets of over $ 55.6 billion under management.

The company has head quarters in Hyderabad with offices in cities such as Trichy, Ernakulam, Bangalore, Hubli, Secunderabad, Bhopal, Vijayawada, Vizag, Tirupathi, Mumbai and Chennai.

 

6 Insurance product available
Endowment Insurance
  • Protection tool with savings option
  • Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
  • With-profits plan that participates in the profits of insurer's life insurance business
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    ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
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    Pension
    • Provides for stable income in post-work life
    • Helps policy holder to remain financially independent post-retirement
    • Tool for systematic retirement planning
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    Term Insurance
    • Pure risk cover plan with no survival benefit
    • Protection tool against the uncertainties of life
    • Cheapest life insurance product
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    Children Plan
    • Tool to plan for children's needs in the future - education, wedding etc.
    • Tool to ensure children's future plans are not compromised in the event of parent/guardian's death
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    Money Back Insurance
    • Provides life insurance covers for specified periods
    • Policy holder receives tax-free, fixed proportions of the sum assured at regular intervals or an option to re-invest
    • Policy holder receives lump sum payment on surviving maturity date
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