Shriram Life Insurance Company generally known as (SLIC), was established in 2005 and began operations in 2006. SLIC is renowned for its capital efficiency and low operating expenses.
More than 26 lakh people are covered by insurance.
Shriram Life Insurance Company is a joint venture between Shriram Business, headquartered in Chennai, and Sanlam, a renowned financial services group based in Cape Town, South Africa. Shriram Group was founded in 1974 and is headquartered in Chennai.
Sanlam and Shriram's company are working together to give the best life insurance products to various segments of the Indian market. Shriram Life Insurance Company won the Bizz Americas 2016 Awards in 2016. 'reach out to the common man with products and services that would be helpful to him/her as they set out on the path to prosperity,' says the company's mission statement.