SBI Life Insurance Company Limited[3] is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors.It has Assets under management(AuM) worth ₹352,422 crore (US$44 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.4 billion) as of March 2023.[2] SBI Life has an authorized capital of ₹20 billion (US$250 million) and a paid up capital of ₹10 billion (US$130 million).
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating.[4][5]
^Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
^ abcdef"SBI Life Analyst Presentatio". sbilife.co.in. March 2023.
^Insurance, SBI Life. "SBI Life - Leading Life insurance Company in India". www.sbilife.co.in. Retrieved 20 December 2021.
^"SBI Life Insurance gets top rating". Mint. 1 October 2007.
^"India's SBI Life Insurance rated 'AAA' on parental support – Crisil". Forbes. 17 September 2017.[dead link]
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