CSR : Shriram Life honours soldier martyred in Pulwama Terror attack

Honouring the supreme sacrifice made by the soldier for the country Shriram Life Insurance has settled the claim amount expeditiously.

Casparus Kromhout (MD & CEO, Shriram Life Insurance) , (in center) Manoj Jain (MD, Shriram Life Insurance), Vipnesh Tiwari (Divisional Manager, Shriram Life Insurance) and other company officials handed over the claim settlement cheque and expressed their gratitude and support towards the family of Martyr soldier Shyam Babu, who served as a Jawan in CRPF (Photo@IndiaCSRNetwork)

NEW DELHI: Shriram Life Insurance Company (SLIC), promoting financial inclusion of low income families and small businesses, has expressed gratitude and solidarity towards soldiers martyred in the Pulwama Attacks by proactively settling the insurance claim of one of the soldiers martyred in the attack, company said.

“In the wake of the terror attack, as the entire nation pays homage to the heroes of Pulwama, it was found that one of the martyred soldiers, Shyam Babu, serving as a Jawan in CRPF; was a life insurance customer of Shriram Life Insurance company.”, it informed.

“As a mark of respect, Casparus Kromhout, MD & CEO and Manoj Jain, MD of SLIC visited the grieving family in Derapur, Kanpur Dehat and handed over the claim settlement cheque and expressed their gratitude and support.”, it said.

50% customers from area

More than 50% customers of Shriram Life are from rural part and the rural business is one of the highest amongst private life insurance companies. It has a network of 604 offices within India.

Minimum time for settlement of claims  

It has set simple processes that enable it to settle valid claims within 48 hours even in the remotest of locations.

Shubhchintak Initiative 

It has an initiative called Shubhchintak where an official immediately visits the claimant’s family to help with the claim settlement process.

Employments for families

The initiative seeks to help in providing employment to eligible members of the claimant’s family and has provided employment opportunities to members of 6 such families.

What is Pulwama Attack?

On 14 February 2019, a convoy of vehicles carrying security personnel on the Jammu Srinagar National Highway was attacked by a vehicle-borne suicide bomber at Lethpora (near Awantipora) in the Pulwama district, Jammu and Kashmir. It resulted in the deaths of 40 Central Reserve Police Force (CRPF) personnel and the attacker. (India CSR Network)