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shriram chits life insurance

About the Company

Shriram Life Insurance is a life insurance company within the Shriram Group, which began as a chit fund business. The group now offers a wide range of financial products and solutions, with Shriram Life Insurance focusing on providing life insurance solutions, particularly to the underbanked and unbanked segments of the Indian population. Their mission is to protect Indian families through life insurance, with a focus on customer-centricity, technology-led innovation, and a commitment to serving both rural and urban India. 

Key Points:
  • History:

    The Shriram Group was founded in 1974, initially as a chit fund company, and has since expanded into various financial services, including lending and insurance. 

  • Mission:

    Shriram Life Insurance aims to protect Indian families through life insurance, with a focus on affordability and accessibility. 

  • Customer Focus:

    They emphasize a customer-centric approach, offering tailored solutions and innovative digital services. 

  • Rural and Urban Focus:

    The company has a significant presence in rural areas, with 40% of their business coming from these regions, ensuring financial security reaches every corner of India. 

  • Technology and Innovation:

    They utilize technology to enhance customer service and provide seamless digital experiences. 

  • Financial Stability and Trust:

    The Shriram Group has a history of operational excellence and strong core values, building trust with its customers. 

  • Part of a Larger Group:

    Shriram Life Insurance is part of a larger conglomerate with a wide range of financial services offerings. 

In Summary: Shriram Life Insurance is a life insurance company within the Shriram Group, committed to providing affordable and accessible life insurance solutions to a wide range of customers, with a particular focus on rural India and the underbanked segments of society. 
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