About Shriram General Insurance

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Best General Insurance Company Of The Year 2019

Best Claim Settlement Non Life Insurance Award 2022

Best Product Innovation Non Life Insurance Award 2022

Company Overview
Promotors
About Shriram Group
Leadership Pillars
Downloads

Company Overview

Shriram General Insurance is a joint venture between Shriram Group and Sanlam Limited, game-changers in the finance industry. As a result of its incorporation in July 2006, the Company aims to provide individual customers with commercial and personal insurance solutions. Since its inception, Shriram General Insurance has strongly supported the growth and development of the common man. By collaborating closely with marginalized communities, we have been focusing on building meaningful relationships, creating effective and sustainable solutions.

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Nil Pending Complaints
Over 60 Lakhs Happy Customers

In today's age of consumerism, insurance requirements have expanded to keep pace with the increasing risks. Today we have wide assortment of risk coverage commencing from ransom to wedding, shops to assets, travel to vehicles etc. General Insurance companies have willingly catered to these increasing demands and have offered plethora of insurance covers that almost cover anything and everything under the sun.
Hence, foreseeing the General Insurance business as a Sunrise Industry, Shriram Group entered into this business and as a result Shriram General Insurance came into existence. Upto September 2012 it was a 74:26 Joint Venture between Shriram Capital Limited and Sanlam Limited (South Africa). SANLAM is a leading Financial Services Group of South Africa with a market capitalization of more than $6 billion, established in 1918 and the Group demutualised in 1998. SANTAM is a part of Sanlam Limited, which is engaged in short-term insurance cluster and is the leading short-term insurance company in South Africa. In September 2012, the stake of Sanlam Limited (South Africa) was transferred to Shriram Capital Limited. However, in August 2016, Sanlam Emerging Markets (Mauritius) Limited acquired 23% stake in Shriram General Insurance from Shriram Capital Limited. In April 2022, Shriram Capital Limited divested 9.99% stake in the Company in favour of Tangent Asia Holdings II Pte. Ltd., Singapore (KKR Group). In March 2023, the shares held by Shriram Capital Limited were transferred to Shriram GI Holdings Private Limited, which now holds 66.64% stake in Shriram General Insurance
The overall team of SGI includes young and vibrant senior executives of insurance domain to handle Underwriting and Claim matters.
The business philosophy of Shriram General Insurance is to serve the largest number of common people ("Aam Admi"). The Group's continued focus on addressing customer needs, nurturing talent and bringing a home-grown technology platform while delivering to the underserved segments of the economy, has ensured strong growth & sustainability for over 4 decades. The Group's vision is serving to the underserved and creating value at the bottom of the Pyramid.
SGI is redefining the service parameters of General Insurance Industry by ensuring that each employee understands the Slogan "BE INSURED... REST ASSURED" in its spirit and the customer has an overall pleasant experience. The company is giving special attention to the innovative products and application of latest IT developments in its operations.
SGI has been awarded "Excellence in Growth Award" for 2 consecutive year (2011 & 2012). Thus, SGI is all set to become the FIRST CHOICE General Insurance Company of India.

Promoters

Shriram General Insurance is a Joint Venture of Shriram Group (India) and Sanlam of South Africa, wherein Shriram Capital Limited holds around 67% stake and Sanlam holds around 23% stake.

Shriram Capital Limited (SCL) is the overarching holding company for the Financial Services and Insurance entities of the Shriram Group, created with the primary objective of optimising the synergies across the Group’s entities.

SCL and its operating entities have an overall customer base of over 12 Million, around 77,000 employees across 3,850 offices, net profit of INR 22 billion with Assets Under Management (AUM) over INR 1,500 billion.

SCL is well-positioned to take the Group to the next strategic level by consolidating its position in some critical businesses like Transport Finance and SME Finance and providing the necessary impetus to grow its Retail Finance businesses.

SCL helps to grow the Insurance businesses (both Life & General Insurance) in the Group with optimal profit. The strategic reorientation of SCL will help Shriram Group become a significant and profitable enterprise in various facets of the Financial Services businesses in India and overseas.

Sanlam is a diversified financial services company founded in South Africa, with a strong presence in 33 countries on the African continent and a niche presence in India, Malaysia and selected developed markets. Santam is a part of Sanlam Limited, engaged in a short-term insurance cluster and is the leading short-term insurance company in South Africa.

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Shriram Group is Commemorating its 50th Year of Operations in Financial Services

"SHRIRAM" conglomerate has a significant presence in financial services, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and the distribution of financial products like life insurance, general insurance and mutual funds.
Shriram Group was founded in 1974, mobilising funds through chits under Shriram Chits. Today, we offer a diverse basket of financial products and solutions targeted mainly at the underbanked and unbanked segments of India’s population.
Our products and solutions primarily target the underbanked and unbanked segments of India's population.
We offer include consumer finance, business finance, vehicle finance, chit funds, asset management services, stock broking, insurance-life and general, affordable housing loans, insurance brokerage and distribution of financial products.
We are among the largest financial services conglomerates, managing assets worth Rs 2.08 lakh crore (as of December 2021) across 4050 branches.
Shriram Group is spread across consumer finance, business finance, vehicle finance, chit funds, asset management services, stock broking, insurance- life and general, loans for affordable housing, insurance broking and distribution of financial products.
Our growth has been achieved through partnerships with some of the best corporations and financial investors around the globe.

Why Choose Shriram General Insurance?

With over 45 years of expertise, reliability and exemplary service, we have earned the trust of our customers. Protecting and enhancing people's lives is what we strive for. We are driven by our passion for community, empathy, transparency and delivering results. Our customer-first policy makes SGI the first choice when it comes to insurance.

Over 60 Lakhs Happy Customers
Highest Claims Settlement
Seamless Claims Operations
Dedicated Customer Support

Core Values
Our Vision
Our Mission

Meeting Commitments

Throughout our work, we strive to improve the lives of our people, customers and stakeholders. We are committed to bringing this promise to life and making an impact in an ongoing relationship.

Putting our people first

Transparency, collaboration and inclusion are emphasized in our workplace, where our people are valued, diversity is celebrated and growth is continually pursued.

Embrace Openness

With open minds and diverse perspectives, we're accessible, curious and empowered.

Global Partnership

As part of global partnerships, we are proud to maintain sustainable relationships in every market we operate in.

Vision

To be the most trusted and preferred insurance provider in India, offering innovative and reliable solutions that ensure financial security for individuals and businesses.

Mission

Our mission is to provide comprehensive and affordable insurance solutions that prioritise customer satisfaction and integrity, ensuring peace of mind and financial security, while fostering lasting relationships based on trust.

The Leadership Pillars

Board of Directors
Executive Team
Key Management Persons

Downloads

Shriram General Insurance offers affordable, easy and comprehensive general insurance policies at your fingertips. Check out the downloads section to learn more about management notices, annual reports, press releases, media and financial information. Shriram General Insurance is a one-stop solution for all your general insurance needs