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Shriram Life Insurance

Insurance Shriram Life Insurance Franchise Cost – How to get, Contact, Apply, Fee

  • Shriram Life Insurance
  • Shriram Life Insurance
  • Shriram Life Insurance
  • -N/A-
    Area Req
  • INR 10000 - 50 K
    Investment Size
  • Less than 10
    No. Of Franchise Outlets
  • 2006
    Establishment Year

About brand - Shriram Life Insurance

Shriram Life Insurance: Zero Investment Franchise Opportunity

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.

Purpose and Vision

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.

Shriram Capital

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.

Shriram Life Insurance Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2006

Franchise Commenced On 2006

Franchise Details
Units

Investment INR 10000 - 50000

Franchise/Brand Fee INR 000

Details

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

Shriram Life Insurance Expansion Plans

North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana

East

Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha

West

Gujarat, Rajasthan, Maharashtra, Goa

Central

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

Union Territories

Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

 

Tags: Business Services Business Franchise in Delhi   |   Business Services Business Franchise in Haryana   |   Business Services Business Franchise in Himachal Pradesh   |   Business Services Business Franchise in Jammu and Kashmir   |   Business Services Business Franchise in Punjab   |   Show more...

Shriram Life Insurance Franchise Training

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

Shriram Life Insurance Franchise Agreement Details

How long is the franchise term for? 5 Years

Is the term renewable? Yes

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get Shriram Life Insurance Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get information about Shriram Life Insurance franchise, you can fill up the application form provided on the website and get all the details viz. Shriram Life Insurance franchise fee, Shriram Life Insurance franchise cost, Shriram Life Insurance apply process and more.

Interested in Shriram Life Insurance Franchise? Apply here

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