Shriram General Insurance
Shriram General Insurance is an India-based, IRDAI-licensed general insurer (JV between Shriram Capital and Sanlam) underwriting motor, health, and non-motor insurance products for retail and commercial customers, distributed via digital platforms, agents, and partnerships.
- Company typePrivate
- Founded2006
- HeadquartersJaipur, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Shriram General Insurance does
Shriram General Insurance Company Limited is an IRDAI-registered general insurer incorporated in 2006 in Rajasthan, India, operating as a joint venture between Shriram Capital Limited and Sanlam Limited (South Africa). The company underwrites a broad portfolio of retail and commercial general insurance products, with motor insurance (car, two-wheeler, EV, commercial vehicles, and motor legal aid) contributing over 90% of premium income. Non-motor and health lines — including Shri Health Suraksha 2.0 (unlimited restoration, no room rent cap, air ambulance cover), Shri Criti Care, Shri Vector Care, personal accident, home, travel, cyber, fire, engineering, marine, and liability products — form a growing secondary book.
The technology stack centers on a digital insurance platform comprising the MySGI mobile app, online policy issuance, digital claims processing, and integrations with CKYC (video KYC), UIDAI/Aadhaar, ABHA (Ayushman Bharat Health Account), and the CAMS Account Aggregator framework, enabling paperless onboarding and consent-driven financial data sharing. Distribution is multi-channel: direct-to-consumer via website and app, an extensive agent and financial advisor network (planned expansion to 2 lakh advisors by FY30), corporate agency partnerships (notably Piramal Finance's 701-branch network), and planned bancassurance.
The company earns revenue through recurring insurance premiums across motor, health, and non-motor lines, supplemented by investment income on its float (₹255 crore in Q3 FY26, up 17% YoY). Gross direct premium reached ₹4,636 crore in FY26 (up 24% YoY versus ~9% industry growth), with motor contributing ₹4,293 crore. The company serves 65 lakh+ active customers across India, holds 69 lakh active policies as of March 2026, and has issued 5.27 crore total policies with 25.74 million claims settled. Anil Kumar Aggarwal serves as Managing Director & CEO.
Shriram General Insurance firmographics
Firmographics- Name
- Shriram General Insurance
- Legal name
- Shriram General Insurance Company Limited
- Website
- https://shriramgi.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Shriram General Insurance is an India-based, IRDAI-licensed general insurer (JV between Shriram Capital and Sanlam) underwriting motor, health, and non-motor insurance products for retail and commercial customers, distributed via digital platforms, agents, and partnerships.
- Ownership category
- akta.pro rank
Shriram General Insurance industry classification
Industry- Product category
- General Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Commercial Auto & Fleet Insurance (FSAJAMAB)
- akta.pro secondary industries
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB), General Liability Insurance (FSAJAMAE), Product Liability & Recall (FSAJAGAG), Commercial Auto for Specialty Vehicles (Tow Trucks, Limousines, Dump Trucks, etc.) (FSAJABAG), Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)
Keywords
Where Shriram General Insurance is headquartered
LocationHeadquarters
- HQ city
- Jaipur
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Shriram General Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Others
Revenue model
- Motor Insurance Premiums: Motor insurance is the largest revenue contributor. Includes car, bike, commercial vehicle, EV vehicle insurance. FY26 motor segment expanded 23.43% to ₹4,293 crore.
- Health Insurance Premiums: Health insurance products including Shri Health Suraksha, Shri Criti Care, and other health riders. Growing segment with new Shri Health Suraksha 2.0 launch.
- Non-Motor Insurance Premiums: Personal accident, home, travel, fire, engineering, marine, and cyber insurance products generating recurring premiums.
- Liability Insurance Premiums: Commercial and personal liability insurance including professional indemnity, product liability, public liability, and workers compensation.
- Investment Income: Returns on insurance float and investment portfolio. Q3 FY26 investment income grew 17% to ₹255 crore. Supports profitability alongside underwriting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Third-Party Car Insurance - Mandatory basic coverage |
| Hybrid | Annual | Comprehensive Car Insurance - Full coverage with add-ons |
| Subscription | Annual | Personal Accident Insurance - Individual coverage |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Shriram General Insurance product offering
Product offeringCore offering
Shriram General Insurance underwrites and distributes general insurance products in India, with a portfolio spanning motor (car, two-wheeler, commercial vehicle), health, personal accident, home, fire, engineering, marine, and liability insurance. The company primarily serves semi-urban and rural customers, distributing through a 64-branch network, a digital platform (MySGI app and website), and an extensive partner network of 18,000+ hospitals and 6,400+ garages.
Product overview
Shriram General Insurance operates as a joint venture between Shriram Capital Limited and Sanlam Limited (South Africa), licensed by IRDAI. The company offers a broad portfolio of general insurance products organized into motor insurance (car, bike, EV vehicles, commercial vehicles), non-motor insurance (personal accident, home, travel, cyber), health insurance (Shri Health Suraksha 2.0, critical illness, hospital cash, vector care, ambulance coverage), and commercial insurance (fire, engineering, marine, liability). The product portfolio is complemented by digital service platforms including the MySGI mobile app for policy management and an ABHA card registration service for government health identity management. The company distributes through multiple channels including agents, digital platforms, and partnerships with financial institutions like Piramal Finance.
Differentiator
Problem solved
Functional benefit
Brands
- MySGI App: Mobile application for insurance at fingertips with prompt and reliable service, simple and seamless claim process. Purchase, renew and explore all insurance needs.
- Shri Health Suraksha 2.0
Products and services
- Car Insurance
- Two Wheeler Insurance
- Commercial Vehicle Insurance
- Health Insurance
- Personal Accident Insurance
- Home Insurance
- Fire Insurance
- Marine Insurance
- Engineering Insurance
- Liability Insurance
- Shri Motor Legal Aid Insurance
- MySGI App
- ABHA Card Registration
Quantifiable outcome
- 24% premium growth vs 9% industry growth in FY26
- +3 more outcomes
Companies that use Shriram General Insurance
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Shriram General Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Shriram General Insurance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Piramal FinancecoreCorporate agency partnership enabling insurance product distribution through Piramal Finance's network of 701 branches across 26 states and over 13,000 pin codes. Aims to reach Piramal's base of over 5 million customers in semi-urban and rural markets where insurance coverage remains low. Supports broader financial inclusion goals.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Shriram General Insurance competitors and assessment
Company assessmentDirect peers
- ICICI Lombard General Insurance: One of India's largest private general insurers offering motor, health, and commercial lines. Directly comparable to Shriram across product portfolio and target segments, with similar emphasis on digital distribution.
- Bajaj Allianz General Insurance: Major private general insurer competing across motor, health, and commercial insurance. Strong motor franchise makes it a direct benchmark for Shriram's motor-led portfolio and distribution strategy.
- HDFC ERGO General Insurance: Top private general insurer with broad motor and health offerings and deep bancassurance distribution. Comparable to Shriram in product breadth and channel mix, though larger in absolute scale.
- Tata AIG General Insurance: JV between Tata Group and AIG offering motor, health, and commercial lines. Directly competes with Shriram across the same general insurance categories with similar joint-venture ownership structure.
- SBI General Insurance: Subsidiary of State Bank of India offering motor, health, and commercial policies with massive bancassurance reach. Direct competitor with comparable distribution-led model.
- Reliance General Insurance: Part of Reliance Group offering motor, health, and commercial insurance. Comparable general insurer competing in similar customer segments with overlapping product lines.
- Universal Sompo General Insurance: Mid-sized private general insurer with bank-distribution-led model similar to Shriram's Piramal partnership strategy. Comparable scale and product portfolio with focus on bancassurance channels.
- Kotak Mahindra General Insurance: Subsidiary of Kotak Mahindra Bank offering motor, health, and commercial insurance leveraging banking group distribution. Closely comparable distribution model and product breadth to Shriram.
- Future Generali India Insurance: JV between Future Group and Generali offering motor, health, and commercial lines. Mid-sized private insurer with comparable scale and joint-venture ownership structure akin to Shriram.
Broad incumbents
- New India Assurance Company: India's largest general insurer (public sector) with dominant market share across motor, health, fire, and marine lines. Broader scale and government backing make it the dominant incumbent Shriram competes against.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Customer concentration
Shriram General Insurance social profiles
Digital presenceShriram General Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shriram General Insurance leadership team
Management profileNumber of profiles
Profiles1 record
Shriram General Insurance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shriram General Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shriram General Insurance
What does Shriram General Insurance do?
Shriram General Insurance underwrites and distributes general insurance products in India, with a portfolio spanning motor (car, two-wheeler, commercial vehicle), health, personal accident, home, fire, engineering, marine, and liability insurance. The company primarily serves semi-urban and rural customers, distributing through a 64-branch network, a digital platform (MySGI app and website), and an extensive partner network of 18,000+ hospitals and 6,400+ garages.
Is Shriram General Insurance a public or private company?
Shriram General Insurance is a private company. It is classified as corporate owned and is currently operating.
When was Shriram General Insurance founded?
Shriram General Insurance was founded in 2006. It employs 1,001 to 5,000 people.
Where is Shriram General Insurance based?
Shriram General Insurance is headquartered in Jaipur, India, in the Asia region.
How does Shriram General Insurance make money?
Five revenue lines are on record. Motor Insurance Premiums are the primary driver. The others are health Insurance Premiums, non-Motor Insurance Premiums, liability Insurance Premiums and investment Income.
Who are Shriram General Insurance's main competitors?
Direct peers on record are ICICI Lombard General Insurance, Bajaj Allianz General Insurance, HDFC ERGO General Insurance, Tata AIG General Insurance, SBI General Insurance, Reliance General Insurance, Universal Sompo General Insurance, Kotak Mahindra General Insurance and Future Generali India Insurance. New India Assurance Company is listed as a broad incumbent.
Does Shriram General Insurance have an API?
No public API is recorded for Shriram General Insurance.
What industry is Shriram General Insurance in?
Shriram General Insurance's product category is General Insurance. Its primary akta.pro industry code is FSAJAMAB, Commercial Auto & Fleet Insurance, with a secondary code of FSAJAFAB, Mid-Market Commercial Package (Package Policies). Its NAICS code is 524126 and its SIC code is 6331.