SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.

SBI owns 74% of the

total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs.
2,000 crores and a paid up capital of Rs 1,000 crores.

Name of Directors & Designation

Director Identification Number (DIN)
Smt. Arundhati Bhattacharya, Chairman
02011213
Mr. V G Kannan, Director
03443982
Mr. Pierre de Portier de Villeneuve, Director
06738111
Mr. Gerard Binet, Director
00066024
Mr. Nilesh Vikamsey, Director
00031213
Mr. Ravi Rambabu, Director
01845094
Mr. K M Bhattacharya, Director
00318457
Mr. Raj Narain Bhardwaj, Director
01571764
Mr. Arijit Basu, Managing Director & CEO
06907779
Mr. Jean Bertrand Laroche, Alternate Director to Mr. Pierre de Portier de Villeneuve
06738003
Mr. Vivien Berbigier, Alternate Director to Mr. Gerard Binet
05350306
Vision :
"To be the most trusted and preferred life insurance provider "

Mission :
"To emerge as the leading company offering a comprehensive range of life insurance and pension products at competitive prices,
ensuring high standards of customer satisfaction and world class operating efficiency thereby becoming a model life insurance
company in India in the post liberalization period ".

Values :

Trustworthiness

Ambition

Innovation

Dynamism

Excellence

SBI Life has a unique multi-distribution model encompassing vibrant Bancassurance, Retail Agency, Institutional
Alliance and Corporate Solutions distribution channels.
SBI Life extensively leverages the State Bank Group relationship as a platform for cross-selling insurance
products along with its numerous banking product packages such as housing loans and personal loans. SBIs
access to over 100 million accounts across the country provides a vibrant base for insurance penetration across
every region and economic strata in the country, thus ensuring true financial inclusion. Agency Channel,
comprising of the most productive force of over 80,000 Insurance Advisors, offers door to door insurance
solutions to customers.

Please select the product to calculate premium for the insurance plans offered by SBI Life.
Unit Linked Plans
SBI Life - Smart Wealth Builder
SBI Life - Smart Wealth Assure
SBI Life - Saral Maha Anand
SBI Life - Smart Scholar
SBI Life - Smart Elite
SBI Life - Smart Power Insurance
Child Plans
SBI Life - Smart Champ Insurance
SBI Life - Smart Scholar
Pension Plans
SBI Life - Saral Pension
SBI Life - Retire Smart
SBI Life - Annuity Plus
Protection Plans
SBI Life - Smart Shield
SBI Life - Saral Shield
SBI Life - Grameen Bima
Savings Plans
SBI Life - Smart Income Protect
SBI Life - Smart Guaranteed Savings Plan
SBI Life - Smart Money Back Gold
SBI Life - Shubh Nivesh
SBI Life - Saral Swadhan+
SBI Life - Flexi Smart Plus

SBI Life Insurance Company Limited

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SBI Life Insurance Co. Ltd

Type

Joint Venture

Industry

Insurance

Founded

March 2001[1]

Headquarters

Mumbai, India

Key people

Mr. Arijit Basu, MD & CEO

Products

Life insurance
Pensions

Owner

SBI, BNP Paribas

Number of
employees

7,334 on-roll employees and

Website

Sbi Life

96,000 agents

SBI Life Insurance is a joint venture life insurance company between State Bank of India
(SBI), the largest state-owned banking and financial services company in India, and BNP
Paribas Assurance. SBI owns 74% of the total capital and BNP Paribas Assurance the remaining
26% of the capital. SBI Life Insurance has an authorized capital of 20 billion
(US$310 million)and a paid up capital of 10 billion (US$160 million).
In 2007, CRISIL Ltd, a subsidiary of global rating agency Standard & Poor's, gave the
company a AAA/Stable/P1+ rating.[2][3]
History[edit]

When the government of India opened the life insurance sector to private companies, SBI
started SBI Life as a joint venture with BNP Paribas in 2001. While in its initial stage its
business was mainly from bancassurance channel, now it is developing its own agency team
for selling its life insurance products.
References[edit]
1.

Jump up ^ Products by SBI life Insurance Regulatory and Development

Authority, (IRDA) website.

2.
3.

Jump up ^ "SBI Life Insurance gets top rating". Mint. 1 October 2007.
Jump up ^ "India's SBI Life Insurance rated 'AAA' on parental support - Crisil".
Forbes. 09.17.07. Check date values in: |date= (help)

External links[edit]

SBI Life's official website

[show]

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Retrieved from "http://en.wikipedia.org/w/index.php?

title=SBI_Life_Insurance_Company_Limited&oldid=630105982"
Categories:

Companies established in 2001

Companies based in Mumbai

BNP Paribas

State Bank of India

Life insurance companies of India

Hidden categories:

CS1 errors: dates

EngvarB from January 2014

Use dmy dates from January 2014

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