Overview
Revenue
$10+ billion (USD) per year
Headquarters
Mumbai, Maharshtra
SBI Life Insurance Company Limited (“SBI Life”/ “the Company”), incorporated in the year 2000, is a 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 an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs. 10.0 billion. 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. SBI Life has a multi-channel distribution network comprising of an expansive Bancassurance channel with SBI, which has an unrivalled strength of over 22,000 branches across the country. SBI Life also has a large and productive agent network comprising of 123,719 agents, as on December 31, 2019. The Company’s other distribution channels include direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries. As on December 31, 2019, the Company has a widespread network of 923 offices across the Country to address customer needs effectively and efficiently. The Company had an AuM of Rs. 1,641.9 billion as of December 31, 2019. The Company is listed on National Stock Exchange (“NSE”) and The Bombay Stock Exchange (“BSE”). For more details, please visit: https://www.sbilife.co.in/ SBI Life Insurance Company Limited provides life insurance services. The Company offers individual and group insurance plans, as well as provides retirement planning, tax calculators, online premium payment, and other services. SBI Life Insurance serves customers in India.
