SBI Life Insurance Company
| Company type | Public |
|---|---|
| |
| Industry | Financial services |
| Founded | March 2001[1] |
| Headquarters | Mumbai, India |
Area served | Worldwide |
Key people | Mr. Amit Jhigran (MD & CEO) |
| Products | |
| Revenue | ₹80,686 crore (US$9.5 billion)[2] (2023) |
| ₹2,004 crore (US$240 million)[2] (2023) | |
| ₹1,721 crore (US$200 million)[2] (2023) | |
| Total assets | ₹353,422 crore (US$42 billion)[2] (2024) |
| Total equity | ₹13,017 crore (US$1.5 billion)[2] (2023) |
| Owner | State Bank Of India |
Number of employees | 18,000 (2023) |
| Website | SBI Life |
SBI Life Insurance Company Limited[3] is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating.[4][5] SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a life insurance company in India.[6]
History
The company incorporated in Mumbai on 11 October 2000.[6] SBI Life started as a joint venture with BNP Cardif S.A in 2001.[6] In its initial stage its business was mainly from bancassurance channel.
References
- ^ Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
- ^ a b c d e "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.
- ^ a b c "SBI Life Insurance Company Ltd". Business Standard India. Retrieved 30 April 2021.
External links