SBI Life Insurance Policy Details | SBI Life Insurance Company in India
This life insurance company was established by the State Bank of India.
SBI Life Insurance
“With us, You’re Sure.”
This life insurance company was established by the State Bank of India and the French financial corporation BNP Paribas Cardiff. Additional investors include Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., each with a 1.95% share, with the remaining 12% held by public investors. SBI owns 55.50% of the company, while BNP Paribas Cardif owns 0.22%. SBI Life has a paid-up capital of $130 million and authorized capital of about $20 billion.
One of the biggest insurers, it offers plans with low premiums. The insurance cherishes its customers and provides excellent customer service.
About SBI Life Insurance
CRISIL Limited, a subsidiary of the worldwide rating agency Standard & Poor’s, assigned the company a AAA/Stable/P1+ rating in 2007. SBI Life Insurance was established in 2000 and registered with the Insurance Regulatory and Development Authority of India (IRDAI) in 2001.
SBI Life’s comprehensive portfolio of products, which serves millions of families across India, caters to individual and group consumers through Protection, Pension, Savings, and Health solutions.
The Philosophy
SBI Life, led by the ‘Customer-First’ philosophy,’ Apne liye, apno ke liye,’ emphasizes maintaining world-class operational efficiency and providing a hassle-free claim settlement experience to its customers while following a high ethical standard of service. Furthermore, SBI Life is committed to improving digital experiences for its customers, distributors, and staff.
With offices across the country, about 19k employees, a productive individual agent network, more than 40k partner branches, approximately 100 brokers, and other insurance marketing firms, SBI Life strives for insurance to be obtainable to all.
SBI Life’s comprehensive portfolio of products, which serves millions of families across India, caters to individual and group consumers through Protection, Pension, Savings, and Health solutions.
SBI Life Insurance Company Ltd. share price and more
The company strives to provide a healthy and flexible work environment for overall development. SBI Life promotes a culture of giving back to society and has significantly contributed to child education, healthcare, disaster assistance, and environmental improvement.
The Company reached over 2 lakh direct beneficiaries through CSR actions in 2021-22. The company is on the Bombay Stock Exchange and the National Stock Exchange, with a capital of Rs.10.0 billion and authorized capital of Rs.20.0 billion. The AuM stands at Rs. 2,623.5 billion.
Allow people to achieve their dreams by caring for their loved one’s needs and desires.
The share price of SBI Life was Rs 1,282.95 as of August 24, 2022, 02:17 PM IST. Based on the previous Rs. 1276.0, SBI Life’s share price increased by 0.29%. SBI Life’s share price increased by 9.84% last month.
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