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Company type | Public |
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Industry | Financial services |
Founded | March 2001[1] |
Headquarters | Mumbai, India |
Area served | Worldwide |
Key people | Mr. Amit Jhigran (MD & CEO) |
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Revenue | ![]() |
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Total equity | ![]() |
Owner | State Bank Of India |
Number of employees | 18,000 (2023) |
Website | Sbi Life |
SBI Life Insurance Company Limited[3] is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors.It has Assets under management(AuM) worth ₹352,422 crore (US$42 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.1 billion) as of March 2023.[2] SBI Life has an authorized capital of ₹20 billion (US$240 million) and a paid up capital of ₹10 billion (US$120 million).
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating.[4][5]
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