SBI Life Insurance Company

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SBI Life Insurance company limited
Company type Public
Industry Financial services
FoundedMarch 2001 [1]
Headquarters Mumbai, India
Area served
Worldwide
Key people
Mr. Amit Jhigran (MD & CEO)
Products
RevenueDecrease2.svg₹80,686 crore (US$9.5 billion) [2]  (2023)
Increase2.svg₹2,004 crore (US$240 million) [2]  (2023)
Increase2.svg₹1,721 crore (US$200 million) [2]  (2023)
Total assets Increase2.svg₹353,422 crore (US$42 billion) [2]  (2024)
Total equity Increase2.svg₹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.

Contents

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.[ citation needed ]

References

  1. ↑ Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
  2. 1 2 3 4 5 "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 ]
  6. 1 2 3 "SBI Life Insurance Company Ltd". Business Standard India. Retrieved 30 April 2021.


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