Shriram Life Insurance Company Ltd is a joint venture between the Chennai-based Shriram Group and the South-African insurance large Sanlam. The enterprise started her activities in India in December 2005.
Shriram Life has enter an objective of the reaching of a premium-of EUR 110 crore during the first year of the operations. Although the emphasis mainly on the strong network of more than 65000 agents and distribution network of more than 550 offices, Shriram Life is also considers bank verse time alliances with even banks. Shriram Life Insurance Assistant Ltd. had been launched in January 2006. India present good for 16% of the world population population. 70% of the population layer is then 35 year. Between 2001 and 2006, Indian demografie have been changed with the higher incoming groups classes (INR more than 70000 per year), that approximately 79%.,. This means enormous market for insurances products.
This is amply till expression in the growth of the insurances sector in the last pair year. But this growth has not marriage by the countryside-and urban areas Semi. Shriram Groups with her network of offices with name in these command enjoy an unique occasion for the reaching of broader public and love the growth tell the insurances sector.
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