SBI Life Insurance Company
Indian life insurance company limited
From Wikipedia, the free encyclopedia
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.[8]
 | |
Company type | Public |
|---|---|
| |
| Industry | Financial services |
| Founded | March 2001[1] |
| Headquarters | Mumbai, India |
Area served | Worldwide |
Key people | Mr. Amit Jhigran (MD & CEO) |
| Products | |
| Revenue |  ₹80,686 crore (US$8.5 billion)[2] (2023) |
 ₹2,004 crore (US$210 million)[2] (2023) | |
| ₹1,721 crore (US$180 million)[2] (2023) | |
| Total assets | ₹353,422 crore (US$37 billion)[2] (2024) |
| Total equity | ₹13,017 crore (US$1.4 billion)[2] (2023) |
| Owner | State Bank Of India |
Number of employees | 18,000 (2023) |
| Website | SBI Life |
| Footnotes / references [3][4][5][6] | |
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating.[9][10] SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a life insurance company in India.[11]
History
The company incorporated in Mumbai on 11 October 2000.[11] SBI Life started as a joint venture with BNP Cardif S.A in 2001.[11] In its initial stage its business was mainly from bancassurance channel.[citation needed]
