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SBI Life Insurance

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SBI Life Insurance

  • One of the leading private life insurers in India
  • JV between State Bank of India (SBI) and BNP Paribas Cardif
  • Assets Under Management (AUM) reached Rs. 1,603.6 billion (US$ 22.75 billion) in FY20
  • New Business Premium stood at Rs. 165.9 billion (US$ 2.35 billion) in FY20
  • 937 offices

SBI Life Insurance was established in 2000 as a JV between SBI and BNP Paribas Cardiff 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 23% y-o-y to reach Rs. 406.3 billion (US$ 5.76 billion) in FY20.

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SBI Life Insurance – With Us, You’re Sure

2019 Entered the Rs. 1 trillion (US$ 14.31 billion) market capitalisation (market-cap) club
2017 AUM crossed Rs. 100,000 crore (US$ 15.52 billion) in FY18. Successful IPO
2016 Record renewal premium collection
2015 Record growth year
2012 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 Insurance Regulatory and Development Authority of India (IRDAI) to commence business
2000 Incorporated as a JV with BNP Cardiff


Updated: May, 2019

India's life insurance companies witnessed 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore (US$ 684.64 billion) during the fiscal ended March 2020.