Shriram General Insurance
Shriram General Insurance Company Limited was incorporated as a joint venture between Sanlam Group (a South Africa based life insurance company) and Shriram Group, the popular Indian conglomerate, in 2005. Shriram Group, with as many as 25 companies in India, has a customer base of over 9.5 billion. The company boasts of an impressive portfolio of products, Shriram health insurance being one of the most popular and sought-after. Shriram offers cost-effective insurance products with the primary goal of addressing the needs of the ‘common people’ of the country.
Benefits
- Shriram General Insurance Company Limited is among the largest and most respected private financial services providers in India.
- The company aims at providing all-inclusive and comprehensive products and services to ensure that the financial stability of the policy holder and their family won't be affected in case of the unfortunate death of a family member.
- The company has a lot of experience with regards to commercial vehicle financing, various types of financial services in general, as well as in chit funds.
- With more than 75,000 insurance agents working with Shriram, the company certainly eases the process of finding the best possible insurance policies.
Plans Offered by Plans offered by Shriram General Insurance
Shriram General Insurance has a wide assortment of plans for risk coverage, starting from weddings, shops, and assets, to travel, home, and vehicles. The company effectively caters to the increasing demands of its customers by offering a number of insurance covers that can take care of almost anything and everything that may exist.
Their most popular health insurance plan includes the following–
Personal Accident Insurance
Frequently Asked Questions
How can I check the status of my Shriram health insurance policy?
The status of a Shriram health insurance policy can be checked online on the company’s website. Click on the ‘Customer Service Option’ at the top corner of the home page. Subsequently, select the ‘Support Enquiry’ option on the new page and fill in the details asked in the window that appears following this. Once you submit the Enquiry Form, all details regarding your policy status, premium due date, last premium received, premium dues, etc. will appear on the screen.
What happens if one fails to pay policy premiums?
When you don’t pay the outstanding premium even after the due date, the health policy will lapse and all its benefits will cease. However, in most cases with Shriram health insurance policies, the plan can be revived with the payment of outstanding premiums along with penalties.
How do I renew my Shriram Health insurance policy?
For the renewal of your health insurance policy by Shriram, you must contact the company’s customer care or complete the entire process of renewal online.
Shopping for health insurance just got a whole lot easier.
Review of Shriram General Insurance
Shriram General Insurance Company Limited is recognized as the only private life insurance provider that holds a record of experiencing profits in its first three years of business. Shriram has come to be India’s most profitable life insurer, in comparison with its industry peers, who have been in the business for over ten years. Moreover, the company has seen tremendous growth in the recent years and currently boasts of 630 plus branches and more than 75,000 insurance agents across India. The company also has an incurred claim ratio of 64.55%, which is the ratio of money paid by the company as claims to the money received by the company in the form of premiums.
Health insurance by Shriram is known to be very affordable as it concentrates primarily on the economically weaker sections of society and the rural segments, which is also responsible for generating about 40% of its business. However, it is always wise to compare Shriram health insurance plans with other plans in the market, to ensure you choose the right one, based on your needs.