SBI Life Insurance Company Ltd

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Past performance
Performance overview
SBI Life Insurance Company Ltd
About SBI Life Insurance Company Ltd SBI Life Insurance Company Limited, established in 2001, is a prominent life insurance provider in India, formed as a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif S.A. It offers a comprehensive range of individual and group insurance products, catering to diverse customer needs across protection, savings, and health segments. With an extensive distribution network, including over 992 offices and more than 208,000 insurance advisors, the company leverages its strong bancassurance channel to enhance its market reach. As of March 31, 2023, SBI Life's Gross Written Premium (GWP) grew by 15% to Rs 673.16 billion, while its Value of New Business (VoNB) increased by 37% to Rs 50.67 billion. The company reported a Profit After Tax (PAT) of Rs 17.2 billion, marking a 14% growth from the previous year. Its Assets Under Management (AUM) reached Rs 3,043.35 billion, driven by significant growth in investments and product innovation, underscoring its robust market position and consistent financial performance.
Website sbilife.co.in
Founded 2000
Headquarters Mumbai