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Shriram Life Insurance Company Limited is the joint venture between the Shriram Group (76%) and the Sanlam Group (26%).
The Shriram Group, one of the largest and well-respected financial services conglomerates in India, has their main line of activities in financial services include chit fund, truck financing, consumer durable financing, stock broking, insurance broking and life insurance. Sanlam Life Insurance Limited, one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration, has a significant presence across South Africa, United Kingdom and Namibia and is a major provider of life insurance, retirement annuities, saving and investment products, personal loans, home loans and trust services to individuals.
The financial services group has a large network of 630 offices and 75,000 agents across India and through them they can reach out to acquire and service their insurance clients.