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Shriram fortune Solutions Ltd. is one of the leading integrated financial services
Company of India Backed by Shriram Group of Chennai. Today, SFSL is a premier
financial distribution company and ranks among the top players in this business segment.
SFSL offers financial planning solutions which are facilitated mainly through four
products, Mutual Funds, Life Insurance, General Insurance and Deposits. These products
and solutions are supported by knowledge, expertise and experience of 53,863 loyal
Business Associates and 1146 employees.
SFSL has a direct presence through more than 72 branches and an indirect presence in
more than 289 locations throughout the country. The Company taps into the 7-lakh strong
Pan-India customer base of the Shriram Group, as well as new clients through newer
channels creating a huge demand for Investment & Insurance Products. Our goal is to
become one of the top distributors of financial products.
We are aggressively growing our business, our market share, and our sales and support
teams. Our philosophy is to provide producers with exciting, revenue-generating ideas
that successfully translate into wealth planning solutions for customers. With the strong
support of the entire Shriram Group and a robust working model, SFSL is on its way to
achieve the Vision "Improving lives by providing innovative financial solutions for
protection and prosperity."
Introductions
Shriram Group, established in 1974, is among the leading corporate houses in India and is
a major player in the Indian financial services sector. The Shriram Groups focus is on
financial services that reach out to a large number of common people providing them
opportunities to improve their prosperity. Financial Services constitute the core business
of the Group, with Shriram being a clear leader in the truck financing and chit business.
Shriram Transport Finance Company, is the flagship company of the Group, It is the
largest Commercial Vehicle Financing NBFC in the country. Chit Fund Business of the
Shriram Group is Numero Uno in the industry across India. In Consumer Finance, the
Shriram Group has major presence in South India.
Shriram Group had entered the insurance business with a long term focus and to provide
better value and service to the customer. It has partnered with Sanlam, a leading insurer in
South Africa, for both Life and Non Life Insurance business. The Group had entered in
the life Insurance business in December05 and launched its Non-Life insurance business
in July08.
The Group is currently focusing in a major way in the distribution of financial products
including stock broking business and wealth management. Shriram Group has been
pursuing diversification in areas other than financial services. Currently the group has
presence in project engineering, property development, auto ancillaries and software
services and is also looking to enter other industries. The group has partnered with many
domestic and foreign partners. Due to its large size, reach and reputation it enjoys the
patronage of a large number of banks and financial institutions.
Shriram Network is one of its kind in India having presence in virtually every state in the
country with high level of penetration in the Southern States.
Network Size at a Glance
Components
Growth
Over 60,000
Over 2,400
Over 45,000
Management Team
RP Singh - MD & CEO
Naveen Agrawal - Head Finance & Accounts
Amit Bhargava - Head - Human Resources
Rajneesh Bhardwaj - Head Customer Service & Strategy
Pankaj Puri - Head General Insurance
Deepak Bhasin - Product Head Mutual Fund & Wealth Management
Kapil Chawla - Product Head Life Insurance & Channel development
Mohit Sharan - Head - MIS and R&R
G.L. Vinod Kumar - Regional Head - South 1
Ajay Bobal - Regional Head North
Jaysing Patil - Regional Head - West
K N Pandey - Regional Head -Central
Ajit Majumdar - Regional Head South 2
Chandramouleeswaran M V - Regional Head - South 3
Company profile
Company Description: Shriram fortune Solutions Ltd. is one of the leading integrated
financial services Company of India Backed by Shriram Group of Chennai. Today, SFSL
is a premier financial distribution company and ranks among the top players in this
business segment. SFSL offers financial planning solutions which are facilitated mainly
through four products, Mutual Funds, Life Insurance and Deposits. These products and
solutions are supported by knowledge, expertise and experience of 80,000 loyal Business
Associates and 1200 employees. SFSL has a direct presence through more than 100
branches and an indirect presence in more than 330 locations throughout the country. The
Company taps into the 40-lakh strong Pan-India customer base of the Shriram Group, as
well as new clients through newer channels creating a huge demand for Investment &
Insurance Products. Our goal is to become one of the top distributors of financial
products. We are aggressively growing our business, our market share, and our sales and
support teams. Our philosophy is to provide producers with exciting, revenue-generating
ideas that successfully translate into wealth planning solutions for customers. With the
strong support of the entire Shriram Group and a robust working model, SFSL is on its
way to achieve the Vision "To become the most successful and admired Financial
Services distribution Super Power House."
Deposit
The Flagship Company of Shriram Group, Shriram Transport Finance co ltd is India's
largest asset financing institution. Headquartered in Mumbai and with a pan India
presence, Shriram Transport provides accessible, affordable commercial vehicle finance
to almost 6,00,000 customers.
Shriram City Union Finance (SHRIRAM City) is a deposit-accepting non-banking
financial company (NBFC), SHRIRAM City is today Indias premier financial services
company, specializing in retails finance.
1 Home
2 Life Insurance
Shriram Life Insurance
Shriram
Life
Insurance
Company (commenced operation
in 2006), is a JV between Shriram
Group and Sanlam group of South
Africa. Sanlam Group with an
asset base of over US $ 70 billion
has in its fold the No.1 short term insurer, the second largest life insurer and the second
largest fund manager in South Africa.
SLIC has been the first private sector insurance company in India to earn profits for the
first 4 years of operations. This performance has placed it in the 4th position among 14
life insurers in India within 3 years of commencing operations. SLIC benefits from
Shriram Groups expertise in building and effectively operating low cost networks. SLIC
has the advantage of sharing branch network of Shriram Group companies to access more
customers while minimizing costs.
Shriram Life has a customer base of 1.6 million.
Year
Head
2008
2009
2010
2011
2012
Income (INR cr)
392
488
625
834
662
(18)
17
56
142
150
133
200
256
3 Home
4 General Insurance
Shriram General Insurance
Shrirams foray into the
General insurance industry was
with its partner in its life
insurance foray Sanlam.
The General Insurance business
in India has gone through
significant changes both in
terms of new private players entering the Industry as well as the changes in the regulatory
landscapes.
Shriram with its huge captive transportation customers/business focused its entire
energies on addressing this target market and ensuring visible benefits to the
transportation community.
SGIC was recently awarded the Excellence in growth Award at THE INDIA
INSURANCE AWARDS 2011- 2012. SGIC was conferred this award for their
outstanding growth within only 3 years of inception, by a highly eminent jury.
Head
Year
2009
2010
2011
2012
114
417
781
1,266
(4)
16
13
62
105
117
130
234
Mutual Funds
common Investor neither have
skills / expertise nor have the
huge capital / time to directly
invest and also track his
investments in capital & bond
markets. mutual funds are the
best investment instruments for
long term wealth creation for a common man.
Investing in a Mutual fund offers an excellent for diversifying risk as well as Investment
portfolio.
What is Mutual Fund?
A mutual fund pools the money of various investors having common objective with a
view to invest in various securities. Mutual funds may invest in variety ofinstruments like
stocks, bonds, money market securities, gold or a combination of these which provides
diversification to your investments. These schemes are professionally managed on behalf
of the investors to help them attain their financial goals.
Benefits of Investing
5 Professional Management of money
6 Diversification to your Portfolio
7 Low cost of investment due to economies of sale
8 Well regulated
9 Diversification to your Portfolio
10 Highly Liquid in Nature
11 No Entry Loads
SIP Investing Plan
One of the mechanisms of investing in Mutual Funds is through Systematic Investment
Plan (SIP) which enables you to prepare for your future by inculcating the idea of
disciplined investing which allows you to benefit from the powerful tool of rupee-cost
averaging & power of compounding. Systematic Investment Plans as one of the tools of
financial planning aims at wealth creation by investing small sums of money at regular
intervals over a period of time. SIP propagates the idea of investing at an early stage in
life that allows investors to seek their financial goal by resting on pillars of discipline &
consistency. SIP eliminate the human bias. It encourages investments at all times,
irrespective of the market levels. SIP investments average out market volatility by a good
measure.
Advantages of Investing in an SIP:
12 Disciplined approach towards investing
13 SIPS can be started even with the small amount of INR 500 or INR 1000.
14 Through SIP, you cannot go wrong with the timing of investments due to continuity
of investments over a period of time.
15 Road map to save for big events in life like child's education, child's marriage,
buying a house step by step.
16 The thumb rule of compounding serves as effective tool for wealth creationby
reaping cumulative returns over the years.
17 The principle of rupee-cost enables you to lower the average cost of investment.
18 Equity Fund
19 Debt Funds
20 Hybrid Funds
21 Other Schemes
22 Downloads
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These funds invest a maximum part of their corpus into equities holdings. The structure
of the fund may vary different for different schemes and the fund manager's outlook on
different stocks.
The Equity Funds are sub-classified depending upon their investment objective, as
follows:
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Debt Funds
The objective of these Funds is to invest in debt papers. Government authorities, private
companies, banks and financial institutions are some of the major issuers of debt papers.
By investing in debt instruments, these funds ensure low risk and provide stable income
to the investors. Debt funds are further classified as:
28 Gilt Funds: Invest their corpus in securities issued by Government, popularly known
as Government of India debt papers. These Funds carry zero Default risk but are
associated with Interest Rate risk. These schemes are safer as they invest in papers
backed by Government.
29 Income Funds: Invest a major portion into various debt instruments such as bonds,
corporate debentures and Government securities.
30 MIPs: Invests maximum of their total corpus in debt instruments while they take
minimum exposure in equities. It gets benefit of both equity and debt market. These
scheme ranks slightly high on the risk-return matrix when compared with other debt
schemes.
31 Short Term Plans (STPs): Meant for investment horizon for three to six months.
These funds primarily invest in short term papers like Certificate of Deposits (CDs) and
Commercial Papers (CPs). Some portion of the corpus is also invested in corporate
debentures.
32 Liquid Funds: Also known as Money Market Schemes, These funds provides easy
liquidity and preservation of capital. These schemes invest in short-term instruments like
Treasury Bills, inter-bank call money market, CPs and CDs. These funds are meant for
short-term cash management of corporate houses and are meant for an investment
horizon of 1day to 3 months. These schemes rank low on risk-return matrix and are
considered to be the safest amongst all categories of mutual funds.
Hybrid Funds
As the name suggest they, are a mix of both equity and debt funds. They invest in both
equities and fixed income securities, which are in line with pre-defined investment
objective of the scheme. These schemes aim to provide investors with the best of both the
worlds. Equity part provides growth and the debt part provides stability in returns.
Further the mutual funds can be broadly classified on the basis of investment parameter
viz, Each category of funds is backed by an investment philosophy, which is pre-defined
in the objectives of the fund. The investor can align his own investment needs with the
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Deposits
The Flagship Company of
Shriram
Group,
Shriram
Transport Finance co ltd is
India's largest asset financing
institution. Headquartered in
Mumbai and with a pan India
presence, Shriram Transport
provides accessible, affordable commercial vehicle finance to almost 6,00,000 customers.
Shriram
Life
Insurance
Company (commenced operation
in 2006), is a JV between Shriram
Group and Sanlam group of South
Africa. Sanlam Group with an
asset base of over US $ 70 billion
has in its fold the No.1 short term insurer, the second largest life insurer and the second
largest fund manager in South Africa.
SLIC has been the first private sector insurance company in India to earn profits for the
first 4 years of operations. This performance has placed it in the 4th position among 14
life insurers in India within 3 years of commencing operations. SLIC benefits from
Shriram Groups expertise in building and effectively operating low cost networks. SLIC
has the advantage of sharing branch network of Shriram Group companies to access more
customers while minimizing costs.
Shriram Life has a customer base of 1.6 million.
Year
Head
2008
2009
2010
2011
2012
Income (INR cr)
392
488
625
834
662
(18)
17
56
142
150
133
200
256
regularly.
Death Benefit
Criteria
Minimum age at entry
Maturity Benefit
Maximum age at entry
Maximum maturity age
Policy Term
Premium Paying Term
Minimum single premium
Event
Benefits Payable
Maturity benefit
In case of survival
of the life assured
up to the end of the
policy term,
guaranteed maturity
benefit as defined
below will be paid.
Guaranteed
maturity benefit =
maturity benefit
factor multiplied by
single premium.
The maturity
benefit factors
expressed as a
percentage of single
premium (excluding
extra, rider
premium and taxes)
depend on the size
of the initial single
premium and policy
term..
Death benefit
In case of death of
the life assured
during the policy
term, Sum assured
on death as defined
below will be paid
to the nominee or
beneficiary.
Sum assured on
death is defined as
Maximum of:
(a) 125% of single
premium if age is
less than 45 years
(b) 110% of single
premium if age is
45 years and above
Guaranteed
Maturity Benefit
payable on
Maturity.
Criteria
Eligibility
Policy Term
5/6/10 years
Maturity/Death
Benefits Payable
Higher of Sum
Assured or the
value of the units in
Life Assureds unit
account paid till the
time of death is
payable to the
nominee and the
policy will
terminate. If the
policy is in
discontinuous state,
the discontinued
policy fund value
subject to a
minimum
guaranteed interest
as prescribed by
IRDA from time to
time will be paid to
the nominee or
beneficiary.
Sum Assured under
Death Benefit is
defined as the basic
Sum Assured plus
additional Sum
Assured (if any)
due to top-up
premiums.
Maturity Benifits
Payable
On survival of the
Life Assured up to
the end of the
policy term, the
Fund Value
(including Top up
fund value) will be
payable.
Criteria
Eligibility
Entry age
Exit age
Policy Term
10/15/20 Years(Fixed)
Single
Minimum/Maximum
Premium
Maturity/Death
Benefits Payable
Death Benefits
Payable
In case of death of
the Life Assured
before the end of
the policy term,
Sum Assured plus
value of the units
plus top sum
assured if any along
with top up fund
value if any will be
paid. If the policy is
in discontinuous
state, the
discontinued policy
fund value subject
to a minimum
guaranteed interest
as prescribed by
IRDA from time to
time will be paid to
the nominee or
beneficiary.
Maturity Benifits
Payable
On survival of the
Life Assured up to
the end of the
policy term, unit
fund value plus top
Eligibility
Policy Term
10 Years (Fixed)
Subject to Underwriting
Considerations as per board
approved underwriting
policies.
Minimum Premium
Rs.35,000
Maximum Premium
No maximum limit
Single.
89 Home
90 General Insurance
Shriram General Insurance
Shrirams foray into the
General insurance industry was
with its partner in its life
insurance foray Sanlam.
The General Insurance business
in India has gone through
significant changes both in
terms of new private players entering the Industry as well as the changes in the regulatory
landscapes.
Shriram with its huge captive transportation customers/business focused its entire
energies on addressing this target market and ensuring visible benefits to the
transportation community.
SGIC was recently awarded the Excellence in growth Award at THE INDIA
INSURANCE AWARDS 2011- 2012. SGIC was conferred this award for their
outstanding growth within only 3 years of inception, by a highly eminent jury.
Head
Year
2009
2010
2011
2012
114
417
781
1,266
(4)
16
13
62
234
91 Motor Insurance
92 Non Motor Insurance