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SBI Life Insurance Company

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About SBI Life Insurance Company

SBI Life Insurance Company is a joint venture between the State Bank of India (74%) and BNP Paribas Assurance (26%). The company launched its business in the year 2001..

State Bank of India is by far the largest and most trusted bank in India. SBI along with its associate branches has a distribution which is the largest in any banking network – more than 16,000 branches and adding more by the day. BNP Paribas, Euro Zone's leading Bank and is one of the oldest foreign banks having a presence in India. BNP Paribas Assurance has a major presence in Europe, Asia and Latin America and is among the top15 insurers in Europe. The company has other joint partnerships in Asia in countries like South Korea, Vietnam, Thailand and Taiwan.

SBI Life Insurance is now among the top life insurance providers in India. It is the largest private life insurer and was the 1st private life insurance company to become profitable. The huge customer base and the reach of its banking channel are the advantages which SBI enjoys over the other insurance companies. It has a wide array of life insurance products to adequately cater to the Indian consumer.


Mr. Mahesh Kumar Sharma is the Managing Director & CEO of SBI Life Insurance Company.

Contact Details

Corporate Office
SBI Life Insurance Co. Ltd.,
M.V. Road & Western Express Highway Junction,
Andheri (East),
Mumbai - 400 069.

1800 22 9090
022 - 6191 0000
'CELEBRATE' to 56161 Branch Locator

Claims ratio of SBI Life Insurance Company

Year 2013-142014-152015-162016-172017-182018-192019-202020-212021-22
Claims ratio 91.0689.4393.3996.6996.7695.0395.03-Yet to be published

Market share of SBI Life Insurance Company

Year 2013-142014-152015-162016-172017-182018-192019-202020-212021-22
Market share to be published

News on SBI Life Insurance Company

Life insurance business performance in August 2022

The life insurance business has picked up really well compared to last year. As of 31st August 2022, the industry has seen a 44.2% incr...

Sep 13, 2022 54 views

Your Money: Gradual shift of the retail li...

A large part of this is attributable to the slow growth delivery of 6.2% in LIC’s y-o-y RWRP in Dec’21 vs. 22% growth in Nov’21. YTD FY22, private sector RWRP grew strongly at 30% y-o-y vs. a muted 5% y...

Jan 11, 2022 81 views

LIC Q4 net falls 18% to Rs 2,372 cr

Life Insurance Corporation (LIC) on Monday reported a standalone net profit of Rs 2,371.55 crore for the three months to March, a fall of 18% year-on-year. The state-owned insurer exited FY22 with profits of Rs 4,043....

May 31, 2022 45 views

​SBI Life inks pact with Yes Bank to sell insurance policies

SBI Life Insurance on Monday said it has signed bancassurance agreement with Yes Bank to offer a comprehensive bouquet of life insuranc...

Sep 24, 2020 162 views

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