SBI Life Insurance 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$8.4 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 | 29,344 ( April 2026 ) |
| Website | SBI Life |
| Footnotes [3][4][5][6] | |
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]
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]
Technology
[edit]In May 2026, SBI Life Insurance implemented an artificial intelligence-based underwriting system developed by Datamatics. The system, called TruAI Underwriting, is designed to automate the analysis of medical reports and assist in risk evaluation for complex insurance cases.[12]
History
[edit]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]
References
[edit]- ↑ Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
- 1 2 3 4 5 "SBI Life Analyst Presentatio". sbilife.co.in. March 2023.
- ↑ "Retail Research SBI Life Insurance Company Ltd" (PDF). Hdfcsec.com/.
- ↑ "Analysis of Life Insurance Industry in India" (PDF). canarahsbclife.com.
- ↑ "Report SBI Life Insurance" (PDF). .icicidirect.com.
- ↑ "FINANCIAL PERFORMANCE OF SBI LIFE INSURANCE AND ICICI PREDENTIAL LIFE INSURANCE". dctg.cgg.gov.in.
- ↑ Insurance, SBI Life. "SBI Life - Leading Life insurance Company in India". www.sbilife.co.in. Retrieved 20 December 2021.
- ↑ Joshi, Manish (25 March 2026). "Why SBI Life is winning the valuation game vs HDFC, ICICI Prudential | Stock Market News". mint.
- ↑ "SBI Life Insurance gets top rating". Mint. 1 October 2007.
- ↑ "India's SBI Life Insurance rated 'AAA' on parental support – Crisil". Forbes. 17 September 2017.[dead link]
- 1 2 3 "SBI Life Insurance Company Ltd". Business Standard India. Retrieved 30 April 2021.
- ↑ "Datamatics shares rise as SBI Life implements its TruAI Underwriting Agentic AI solution - CNBC TV18". CNBCTV18. 27 May 2026. Retrieved 2 June 2026.
External links
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- Financial services companies established in 2001
- Financial services companies based in Mumbai
- BNP Paribas
- State Bank of India
- Life insurance companies of India
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- Indian companies established in 2001
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