Shriram General Insurance Co. Ltd. is a joint venture between Shriram Group of India and SANLAM Limited of South Africa. The company was established with a paid up capital or Rs. 105 Crores, and offers General Insurance products and services to its customers. Shriram Group is one of the best known corporate houses of India, active in financial sector offering diversified services. The group had been founded in the year 1974. Sanlam Limited is a financial services group based in Bellville, Western Cape, South Africa. The group had been established in the year 1918, and after its demutualization in the year 1998, got listed in the Johannesburg and Namibian Stock Exchange. The group is active in Africa, Europe and the United Kingdom, and has been rated by Pricewaterhouse Coopers as the best insurance company of South Africa.
Products and Services
Shriram General Insurance Co. Ltd. offers a wide range of insurance products falling under 4 categories. The Motor category comprises of a number of policies for 2 wheeler vehicles, 4 wheeler private vehicles and 4 wheeler commercial vehicles, while the Fire category includes Standard Fire and Standard Peril policies. The Engineering category consists of Machinery Breakdown Insurance Policy, Boiler Pressure Plant Insurance Policy, Electronic Equipment Insurance Policy, Contractor’s Plant and Machinery Insurance Policy, Contractor’s All Risk Insurance Policy and Erection All Risks Insurance Policy. Apart from these, the Liability category includes Workman’s Compensation Insurance Policy, Professional Indemnity for Doctors & Medical Practitioners, Professional Negligence, Errors and Omissions Insurance policy for Medical Establishments, and Professional Indemnity for Chartered Accountants, Management Consultants, Lawyers & Consulting Engineers, Architects and Interior Decorators.
Some other uncategorized insurance products being offered by Shriram General Insurance Co. Ltd. are Shopkeeper Umbrella, Householder Umbrella, Personal Accident and Burglary Insurance and Marine Insurance Cargo.