Currently Shriram Life has 460 branches in India of which 190 are in Southern part of India, where it has strong presence. The Company plans to open offices in Bihar, Uttar Pradesh, Maharashtra, Odhisha, Jharkhand, Madhya Pradesh, Punjab and Gujarat. The insurer is also partnering with gold loan and micro-finance firms to reach out to the rural population.
Company’s achievement at a glance:
- Won prestigious International Arch of Europe Award.
- Total 1.91 lakhs policies sold during fiscal ending March 2015 of which around 80,000 was sold in rural areas.
- Only private life insurance company to have made profits is 3 consecutive years and profits in 9 out of 10 years of its commencement of operation.
- The retained earnings of the company jumped to 32% for the financial year ending March 2015.