SBI Life Insurance Company Limited (SBILIFE): Basic Information
Full Name: SBI Life Insurance Company Limited
Type: Public Sector Life Insurance Company
Headquarters: Mumbai, Maharashtra, India
Founded: 2001
Parent Company: State Bank of India (SBI)
Chairman: Dinesh Kumar Khara (as of 2025)
CEO & MD: Mahesh Kumar Sharma (as of 2025)
Tagline: Apno Ke Saath, Apno Ke Liye
Industry: Life Insurance and Financial Services
Products and Services:
- Individual Insurance Plans: Term insurance, ULIPs, and traditional savings plans
- Group Insurance Plans: Corporate solutions for employee benefits and retirement planning
- Pension and Annuity Plans: Securing post-retirement income
- Health Insurance Riders: Critical illness, accidental death, and disability benefits
Key Financial Metrics (as of 2024):
- Gross Written Premium: ₹67,000 crore (approx.)
- Net Profit: ₹1,400 crore (approx.)
- Market Capitalization: ₹1.4 lakh crore (approx.)
Global Presence:
- Primarily operates in India with a growing network of branches and bancassurance partnerships
- Leverages SBI’s extensive network of over 22,000 branches for distribution
- Expanding digital presence for seamless customer experience
Recognition:
- One of India’s leading life insurance providers
- Awarded for excellence in customer service and innovation
- Recognized for its financial stability and trusted brand image
SBI Life Insurance Company Limited (SBILIFE) is one of India’s leading life insurance providers, offering a comprehensive portfolio of individual and group insurance solutions. Established in 2001 as a joint venture between State Bank of India (SBI) and BNP Paribas Cardif, the company is headquartered in Mumbai and benefits from SBI’s vast branch network for distribution. With innovative insurance products, including term plans, savings plans, and retirement solutions, SBI Life caters to diverse customer needs, ensuring financial security for millions of policyholders across India.
Like Reliance’s transformative impact on industries such as telecom and energy, SBI Life has redefined life insurance in India with its customer-centric approach and commitment to financial inclusion. Leveraging digital technology and a strong physical presence, SBI Life continues to build trust and empower individuals and families to secure their future. The company’s focus on innovation, reliability, and service excellence has solidified its position as a leader in the life insurance sector.