Manoj Jain, MD & Mr. Arvind Shivhare, Executive VP, Shriram Life - received the award from V. Manickam, Secretary General of Life Insurance Council at a glittering event in Mumbai. In line with Shriram Group initiatives to largely cater to ‘AAM AADMI’ or unserved/under-served segments of the Indian population, Fintelekt has recognized Shriram Life for its initiative towards Financial inclusion. This award applauds Shriram group philosophy, to focus on Inclusive growth by taking life insurance to the section where it is needed the most – The ‘AAM AADMI’ (Common Man).
On receiving the award for Best Insurance Company for Non-Urban Coverage - Life Insurance, Jain said, we are really proud to receive this prominent award and it reiterates the initiative of Shriram Life towards addressing the insurance needs of customers majorly from rural and semi-urban areas. More than half of Shriram Life’s business comes from rural and semi-urban areas. Our Average ticket size is almost half of our private counterparts which endorses our agenda of taking insurance to the Lower income group of the society. “For the Financial Year 2015-16, we’re among the top 7 private insurer on policy count by selling more than 2.65 lakh policies”, he further added.