SBI Life Insurance Company Limited (SBI Life), incorporated in the year 2000, established as joint venture between State Bank of India and BNP Paribas Cardif S.A. and is one of the leading life Insurance companies in India. SBI Life has a multi-channel distribution network comprising of an expansive Bancassurance channel with SBI, which has an unrivalled strength of many branches across the country. SBI Life also has a large and productive agent network. The Company’s other distribution channels include direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries. The Company is listed on National Stock Exchange (NSE) and The Bombay Stock Exchange (BSE).

Business area of the company

SBI Life offers a comprehensive range of life insurance and pension products at competitive prices, ensuring high standards of customer service and world class operating efficiency. The Company offers individual and group products which include savings and protection plans to address the insurance needs of diverse customer segments.

Products

SBI Life has a wide range of products catering to various customer needs in the life, health, pension & micro-insurance segments. These products are customer centric, simple to understand and have competitive features. The products include Individual Life Insurance Plans and Group Insurance Plans.

Awards

  • 2016: Outlook Money Awards 2016
  • 2016: CLO Chief Learning Officer Summit India - 2016
  • 2016: LIMRA and LOMA Social Media Silver Bowl Awards 2016
  • 2016: CLO Chief Learning Officer Summit India - 2016
  • 2016: Life Insurance Company of the Year
  • 2016: Bancassurance Leader Life Insurance
  • 2017: Skoch Resilient India awards 2017
  • 2017: DSCI Excellence Awards 2017
  • 2017: CTO Leadership Award 2017
  • 2017: Digital Innovation Award 2017
  • 2017: TISS Leapvault CLO Awards 2017
  • 2017: Fintelekt Insurance Awards 2017 -Data Analytics Initiative of the Year (Overall Award Across Life, General, Health)
  • 2017: Fintelekt Insurance Awards 2017 -Bancassurance Leader, Life Insurance (Large Companies Category)
  • 2017: Fintelekt Insurance Awards 2017 - Private Sector Life Insurance Company of the Year (Large Category)
  • 2017: Brand of the Year 2016-17
  • 2018: TISS Leapvault CLO Awards 2018
  • 2018: 30th Qualtech Prize 2018
  • 2018: Risk & Insurance Management Society (RIMS), USA 2018
  • 2018: Golden Peacock Award for Risk Management 2018
  • 2019: Indian Television BrandVid Awards 2019
  • 2019: Foxglove Awards 2019
  • 2019: ICC Emerging Asia Insurance Conclave & Awards 2019
  • 2019: SMART Award-Life Insurance in Large Category
  • 2019: Gold Shield from ICAI for FY 2018-19
  • 2020: Indias Leading Life Insurance Company - Private
  • 2020: Financial Services Company of the Year
  • 2020: Life Insurance Provider of the Year

Milestones

  • 2000: Startup Information (Important Events of Financial Year 2000-01)
  • 2000: SBI Life Insurance Co. Ltd. incorporated under Companies Act,1956 on October 11, 2000 Joint Venture agreement signed with BNP Cardif on February 27, 2001.
  • 2001: Actual Commencement of Business
  • 2002: Launch of Bancassurance Channel
  • 2004: Launch of Unit Linked Product
  • 2005: First new generation Private Life Insurance Company to make profit for the year at Rs 2.03 crore
  • 2007: Wipes of entire accumulated loss, GWP (Gross Written Premium) benchmark of Rs 5000 crore achieved
  • 2009: GWP (Gross Written Premium) crosses Rs 10,000 crore benchmark
  • 2010: Number of branches exceeded 500 branches
  • 2011: Profits cross Rs 500 crore
  • 2012: Assets under Management cross Rs 50,000 crore
  • 2014: Declaration of higher Dividend
  • 2015: GWP (Gross Written Premium) crosses milestone of 15,000 crore - Rs 15825 crore
  • 2016: Renewal Premium Collection crosses milestone of Rs 10,000 crore - Rs 10,871 crore
  • 2017: Assets under Management cross Rs 1,00,000 crore
  • 2018: SBI Life got listed on BSE and NSE
  • 2018: Total Asset under Management (AuMs) of the Company crossed Rs 1 trillion
  • 2018: The Company clocked in profit after tax of Rs 10 billion
  • 2019: The Company crossed the Rs 300 billion revenue mark in Gross Written Premium

Tell us about you

Find us at the office

Kajioka- Constanza street no. 39, 50889 Kuala Lumpur, Malaysia

Give us a ring

Deunte Staunton
+59 850 269 756
Mon - Fri, 10:00-14:00

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