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An invitation to explore a partnership with Shriram Life Insurance Company LTD is extended. This company, formerly known as the Shriram Group of Companies, has built a 50-year-old brand and is recognized as a leading life insurance provider approved by the IRDA, the government body.
A distribution and partner model is offered, providing partners with an extensive range of products and services for their clients. Diverse financial products, including Children's Plans, Retirement Plans, Savings Plans, and Protection Plans, are provided to ensure that partners and clients have access to a wide variety of investment options. A strong partnership is believed to mutually benefit both parties.
As a valued partner, several advantages can be expected. Clients can benefit from financial freedom derived from savings and family protection. An extensive product range is offered, including the New Shri Vidya Plan, a Life Assured Savings Plan, a wide range of Market Linked Unit Linked Plans, the Premier Assured Benefit Plan, the Early Cash Plan, and Shriram Life Term Plans. The most competitive payouts and rewards are ensured, with attractive commission rates that recognize partners' efforts and dedication. The partnership model is designed to maximize earnings potential, and timely payout releases are guaranteed.
Exceptional service is emphasized, with dedicated support from an experienced team provided to ensure smooth operations and client satisfaction. Recently, new branches have been opened across India, maintaining high satisfaction levels for the past 18 years. Strong management initiatives are implemented to support partners, including joint calls with clients and the maintenance of complete client data security. A state-of-the-art platform and loyalty program are also available for partners.
A discussion regarding this partnership opportunity is welcomed, allowing for exploration of collaboration, understanding of requirements, and addressing of any questions or concerns. Product booklets and additional details are provided for consideration.
The purpose of Shriram Life Insurance is to bring every family in Indian society, particularly those most vulnerable to financial impacts from the loss of a breadwinner, into the safety net of life insurance. Operational efficiency, integrity, and a strong focus on catering to the needs of the average Indian are the core values driving the organization. High-quality, cost-effective customer solutions have been offered for decades and are now integral to the organization’s DNA.
A deep understanding of customer needs is prided upon, along with the ability to develop innovative solutions. Technology is extensively utilized to reach customers and deliver last-mile service. Various technological initiatives, such as the customer service application "ShriMithra," the salespeople app "Astra," facial recognition for eKYC authentication, virtual assistant "ShriA," and the Shriram Smart Suraksha Card, have been adopted to enhance service delivery. Over 40% of the company’s business originates from rural segments, showcasing efficient service in both urban and remote locations.
Founded in 1974, the Shriram Group began by mobilizing funds through chits under Shriram Chits. Today, a diverse basket of financial products and solutions is offered, primarily targeting the underbanked and unbanked segments of India’s population. Managing assets worth Rs 2.08 lakh crore (as of December 2021) across 4,050 branches, the group has established itself as one of the largest financial services conglomerates.
Businesses span consumer finance, business finance, vehicle finance, chit funds, asset management services, stock broking, insurance (both life and general), loans for affordable housing, and insurance broking. Growth has been achieved through partnerships with some of the best corporations and financial investors, who recognize the group as a trustworthy partner.
Operations Commenced On 2006
Franchise Commenced On 2006
Investment INR 10000 - 50000
Franchise/Brand Fee INR 000
Performance guarantee to Unit Franchise Yes
Anticipated percentage return on investment 10 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Detailed operating manuals for franchisees Yes
Franchisee training location Head Office
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
How long is the franchise term for? 5 Years
Is the term renewable? Yes
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