Boswellia Serrata (Olibanum Indicum) – Health Benefits, Uses and Benefits Boswellia serrata known as salai is a plant that produces Indian frankincense. In Sanskrit, it is known as Shallaki. It is a famous herb mainly used for the treatment of osteoarthritis and muscular pain. It is mainly used as a pain killer. It is a tropical plant belonging to the genus Burseraceae. It is a moderate-sized flowers plants, both trees, and shrubs. As the plant produces fragrant resin and is