SBI Life Insurance was established in 2000 as a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif and has become one of the leading life insurers in the country. The company has a range of life insurance and pension products which include individual and group products to cater to the insurance needs of diverse customer segments.
Gross Written Premium of SBI Life has increased at a 25.4 per cent CAGR between FY15-18, to reach Rs 253.54 billion (US$ 3.93 billion). It had a 6.69 per cent share in new business in FY19 (up to Dec 2018).
Company Website: www.sbilife.co.in
SBI Life Insurance – With Us, You’re Sure
|2017||Assets Under Management (AUM) crossed Rs 1 trillion (US$ 15.52 billion) in FY18, Successful IPO|
|2016||Record renewal premium collection|
|2015||Record growth year|
|2012||Assets Under Management (AUM) crossed Rs 50,000 crore (US$ 9.35 billion)|
|2010||More than 500 branches|
|2007||Gross Written Premium crossed Rs 5,000 crore (US$ 1.21 billion)|
|2004||Launched unit linked products|
|2001||Approval received from IRDAI to commence business|
|2000||Incorporated as a joint venture with BNP Cardiff|
Updated: May, 2019