Shriram Life Insurance Company ,  founded with the objective of reaching out to the “common man” with products and services that would be helpful to him as he sets out on the path to “prosperity”.

The Company has been focused on serving the protection needs of the rural segment and lower income segments. These segments are most affected by the Pandemic due to the dual impact of the health emergency as well as loss of income.

The life insurer has registered a threefold increase in its net profit to ₹106 crore in FY2021.The Revenue of the Company has increased by 23% to  ₹2,586.46 Crores .The main reason for the increase  is due to the COVID-19 pandemic situation resulting in increased awareness of these financial products as well as government programs such as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) which has helped to create an awareness amongst the masses and instill an imperative need for having a life insurance.

The necessity of having a Life Insurance plan will be now imbibed in the minds of the people and because of this the life insurance sector will boom in the future. In such a scenario, a Company whose target group consists of people for this stratum will gain increasing profits. The rural segment has brought several new business opportunities where approximately 47% of the new businesses are from rural areas.