 "Life insurance")
Shriram Life Insurance Company (SLIC) plans to double its rural presence by 2025 using digital processes and platforms, it said on Thursday.
The company is working on targets like becoming 100 per cent paperless, reducing the turnaround time for on-boarding clients to four minutes, and claims settlement in six hours time by 2025.
Shriram Life Insurance uses various digital channels for agents and customers to access its life insurance products and services. Astra is one of its frequently used client on-boarding platforms used by agents. In the first nine months of FY23 alone, the company took in 80 per cent
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