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SBI Life Insurance Company information


SBI Life Insurance company limited
Company typePublic
Traded as
  • BSE: 540719
  • NSE: SBILIFE
  • NSE NIFTY 50 Constituent
IndustryFinancial services
FoundedMarch 2001[1]
HeadquartersMumbai, India
Area served
Worldwide
Key people
Mr. Amit Jhigran (MD & CEO)
Products
  • Life insurance
  • Term life insurance
  • Unit-linked insurance plan
  • Endowment policy
  • Money-back policy
  • Whole life insurance
  • Retirement plans
RevenueDecrease 80,686 crore (US$10 billion)[2] (2023)
Operating income
Increase 2,004 crore (US$250 million)[2] (2023)
Net income
Increase 1,721 crore (US$220 million)[2] (2023)
Total assetsIncrease 353,422 crore (US$44 billion)[2] (2024)
Total equityIncrease 13,017 crore (US$1.6 billion)[2] (2023)
OwnerState Bank Of India
Number of employees
18,000 (2023)
WebsiteSbi Life

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]

  1. ^ Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
  2. ^ a b c d e f "SBI Life Analyst Presentatio". sbilife.co.in. March 2023.
  3. ^ Insurance, SBI Life. "SBI Life - Leading Life insurance Company in India". www.sbilife.co.in. Retrieved 20 December 2021.
  4. ^ "SBI Life Insurance gets top rating". Mint. 1 October 2007.
  5. ^ "India's SBI Life Insurance rated 'AAA' on parental support – Crisil". Forbes. 17 September 2017.[dead link]

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