Overview
Description
SBI Life Insurance Co. Ltd. is a prominent life insurance provider based in India, operating as a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif. It primarily offers a diverse array of life insurance solutions catering to the protection, pension, savings, and investment needs of individuals and corporate clients. Notable for its comprehensive product portfolio, SBI Life's offerings include traditional life insurance policies, unit-linked insurance plans (ULIPs), term insurance policies, and participating policies, among others. These products are tailored to provide financial security, tax benefits, and long-term savings enhancement.
As a leading player in the Indian insurance industry, SBI Life capitalizes on SBI's extensive branch network and BNP Paribas Cardif's global insurance expertise to reach a wide consumer base, thereby enhancing financial inclusivity across India. The company's strategic use of bancassurance, direct marketing, agency channels, and digital platforms underlines its commitment to accessibility and innovation. Playing a critical role in the financial market, SBI Life contributes significantly to the growing awareness and adoption of risk management and financial planning solutions among Indian consumers.
About
CEO
Mr. Amit Jhingran
Employees
23888
Address
Natraj, M. V. Road
5th Floor Western Express Highway Junction Andheri (East)
Mumbai, 400069
5th Floor Western Express Highway Junction Andheri (East)
Mumbai, 400069
Phone
91 22 6191 0000
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Insurance - Life
Country
India
MIC code
XNSE