Shriram Life Insurance Co, Ltd
Shriram Life Insurance Co, Ltd: It was launched in January 2006. India currently accounts for 16 percent of the world's population. 70 percent of this population is below 35 years of age. Between 2001 and 2006, Indian demography has changed with the higher income classes (more than INR 70,000 per annum) constituting about 79 percent. This represents huge market for insurance products.
This is amply reflected in the growth of insurance industry in the last couple of years. However, this growth has not really reached the rural and semi urban areas. Shriram Group with its network of branches particularly in these areas enjoy a unique opportunity for reaching out to wider audience and sustain the growth story of the insurance industry.