Announcing the launch of the product, Shriram Life Insurance CEO Manoj Kumar Jain said the minimum annual premium is Rs. 15,000 with assured returns as high as 165 per cent of the annualised premium.
Currently SLIC provides 12-14 insurance policies in the market besides the new ‘Shriram Life Assured Income Plan.
Go deeper with GlobalData
The life insurance JV is also considering unveiling two more products over the next 30 days.
SLIC has been established as a joint venture (JV) between the Shriram Group and the Sanlam Group. Sanlam is one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
