SBI Life Insurance Company

SBI Life Insurance company limited
Company type	Public
Traded as	BSE: 540719; NSE: SBILIFE; NSE NIFTY 50 constituent;
Industry	Financial services
Founded	March 2001
Headquarters	Mumbai, 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;
Revenue	₹80,686 crore (US$9.5 billion) (2023)
Operating income	₹2,004 crore (US$240 million) (2023)
Net income	₹1,721 crore (US$200 million) (2023)
Total assets	₹353,422 crore (US$42 billion) (2024)
Total equity	₹13,017 crore (US$1.5 billion) (2023)
Owner	State Bank Of India
Number of employees	18,000 (2023)
Website	SBI Life
	Footnotes / references;

SBI Life Insurance Company Limited^[7] 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.^[8]^[9] SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a life insurance company in India.^[10]

History

The company incorporated in Mumbai on 11 October 2000.^[10] SBI Life started as a joint venture with BNP Cardif S.A in 2001.^[10] In its initial stage its business was mainly from bancassurance channel.^{[citation needed]}

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.
^ "Retail Research SBI Life Insurance Company Ltd" (PDF). Hdfcsec.com/.
^ "Analysis of Life Insurance Industry in India" (PDF). canarahsbclife.com.
^ "Report SBI Life Insurance" (PDF). .icicidirect.com.
^ "FINANCIAL PERFORMANCE OF SBI LIFE INSURANCE AND ICICI PREDENTIAL LIFE INSURANCE". dctg.cgg.gov.in.
^ 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]}
^ ^a ^b ^c "SBI Life Insurance Company Ltd". Business Standard India. Retrieved 30 April 2021.

External links

SBI Life's official website

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[1] Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.

[pnl-2] "SBI Life Analyst Presentatio". sbilife.co.in. March 2023.

[3] "Retail Research SBI Life Insurance Company Ltd" (PDF). Hdfcsec.com/.

[4] "Analysis of Life Insurance Industry in India" (PDF). canarahsbclife.com.

[5] "Report SBI Life Insurance" (PDF). .icicidirect.com.

[6] "FINANCIAL PERFORMANCE OF SBI LIFE INSURANCE AND ICICI PREDENTIAL LIFE INSURANCE". dctg.cgg.gov.in.

[7] Insurance, SBI Life. "SBI Life - Leading Life insurance Company in India". www.sbilife.co.in. Retrieved 20 December 2021.

[8] "SBI Life Insurance gets top rating". Mint. 1 October 2007.

[9] "India's SBI Life Insurance rated 'AAA' on parental support – Crisil". Forbes. 17 September 2017.^{[dead link]}

[SBI_Ref1-10] "SBI Life Insurance Company Ltd". Business Standard India. Retrieved 30 April 2021.

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