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Sbi Life Insurance

SBI Life Insurance resulted from a joint venture of The State Bank of India and BNP Paribas Cardif. It was founded in 2001. SBI owns 74% equity holding and BNP Paribas Cardif carries 26% capital. SBI Life has a paid up capital of Rs 1,000 crores and authorized capital of Rs. 2,000 crores. State Bank Group has the widest reach with 18,000+ branches across the country. BNP Paribas Cardif is the insurance arm of BNP Paribas (one of the world’s leading banks).

 

SBI Life offers customized protection solutions with the help of a multi-distribution model encompassing Bancassurance, Corporate Solutions, Retail Agency, Institutional Alliance distribution channels. SBI Life takes advantage of the robust presence of The State Bank Group for cross-selling insurance products. Agency channel has more than 80,000 Insurance Advisors who offer door to door selling of insurance products to customers. In 2007, CRISIL provided SBI Life with AAA/Stable/P1+ rating.

List of Plans

Term Insurance

  • SBI Life - Smart Shield
  • SBI Life - Saral Shield
  • SBI Life - eShield
  • SBI Life - Grameen Bima

Pension Plan

  • SBI Life - Saral Pension
  • SBI Life - Retire Smart
  • SBI Life - Annuity Plus

Child Insurance Plans

  • SBI Life - Smart Champ Insurance
  • SBI Life - Smart Scholar

ULIPs

  • SBI Life - eWealth Insurance
  • SBI Life - Smart Wealth Builder
  • SBI Life - Smart Wealth Assure
  • SBI Life - Saral Maha Anand
  • SBI Life - Smart Elite
  • SBI Life - Smart Power Insurance

Key People

  • Mr. Arijit Basu
    Managing Director and CEO
  • Mr. Anand Pejawar
    Executive Director - Marketing
  • Mr. Sangramjit Sarangi
    Chief Financial Officer

News

Apr 01, 2015
03:00 PM

SBI to divest up to 10% in life insurance arm

Weeks after the passage of insurance legislation, State Bank of India on Tuesday decided to divest up to 10% stake in its life insurance arm SBI Life, giving the first right of refusal to foreign partner BNP Paribas Cardif of France. 
 

Registered Office Address

SBI Life Insurance

  • SBI Life Insurance Co. Ltd., "Natraj", M.V. Road & Western Express Highway Junction
    Andheri (East), Mumbai - 400 069
  • Tel : 022 - 6191-0000