Shriram life insurance company (Slick) Has Partnered with Esaf Small Finance Bank to Expand the Reach of Life Insurance Products to the underserved segments India. As part of the partnership, ESAF Bank will act as a corporate agent for shriram life, distributing its insures offers through esaf’s branch network. The partnership focuses on Reaching First-Time Insurance Buyers, Low-Income Families, and Rural Households.
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ESAF Small Finance Bank Received its Banking License from the Reserve Bank of India in November 2016 and Started Operations on March 10, 2017. As of June 30, 2025, IT Operates 78888 Branches, 788 Branches, 713 ATMS, 713 ATMS, and 1 Customer Service Center Across 24 States and Two Union Territories, Serving a Customer Base of Over 5.6 Million with Socially Responsible Banking Solutions.
,At shriram life, our mission has always been able to serve the underserved by making insurance simple, affordable, and truly within Reach. We believe protection should not be a privatege, but a basic financial right for every Indian household-no matter where they live or what they eat. That’s why this partnership matters. With esaf’s strong local presence and our shared committee, togeether we can help Fulfill the vision of ‘Insurance for All‘, “Said Casparus Jh Kromhout, MD and CEO, Shriram Life Insurance,
,This partnership strengthens our mission of serving the underserved by providing essential insurance solutions that promote financial security and resilience. Togeether, we’re committed to building a more inclusive and Emporated Future for Our Communities“Said K. Paul Thomas, MD and CEO, Esaf Small Finance Bank,
This partnership supports both companies’ efforts to promote financial inclusion by offering simple, relevant, and accessible protection to that those who need it most.
About shriram life insurance company
Shriram life insurance is committed to serving the underarved and unsered segments of India, focusing on Families that Truply Need Financial Protection. With a network of 478 branches account the country, the company offers a range of affordable products include Term, Endowment, Ulips, Ulips, And AnnuITES-TALRED FOR RAURAL and URBAN MDDLAL and URBAN MDDLAL and URBAN MDDLES Customers. Shriram life maintains an average individual policy size of Rs. 25,346 and a non-non-premium ticket size of Rs. 24,112, significantly below the industry average. With over 14.4 lakh in-force policyholders and Rs. 13,207 Crore in Assets under Management, The Company Continues to Drive Financial Inclusion by addressing the real needs of househlds earning Rs. 4-15 Lakh Annually, Despite The Inharent Challenges in this segment.
About Esaf
Esaf Small Finance Bank, which commented operations in 2017, is dedicated to advanced social and financial inclusion in India. Staying True to Its Mission of Serving The Underserved and UnsereVed, The Bank Empowers Women, Micro-Entrepreneurs, and Rural Communities Throughs Through a Community-CENTRIC APORIACH TOCHONLOGY APROACH Deep Local Insights. Esaf’s banking model is guided by the Principles of People, Planet, and Prosperity, Reflecting Its Commitment to Inclusive Growth and SusTainable Development. A share of the bank’s rights is reinvested into social initiatives that create meaningful impact affiliation its is area of operation.
Backed by a 33-yar legacy rooted in its beginnings as a mission-driven ngo founded in 1992, ESAF has grown into a trusted Banking Partner for Million, Fostering Fostering Financial Independence and Resilience at the grassroots level.