SBI LIFE INSURANCE COMPANY

Company Report

Submitted By:
Janhavi Vasti

Faculty Guide: A3104617093

Ms. Neha Puri B. Com(hons) – B

2017-20
The Company Report of sector with specific
reference to
SBI LIFE INSURANCE COMPANY
LIMITED
For the partial fulfilment of the degree of
Bachelor of Commerce (hons.)
By:
Janhavi Vasti (A3104617093)
Under the guidance & support of
Ms. Neha Puri
Amity College of Commerce & Finance
 Certificate
I Ms. Neha Puri, hereby certify that JANHAVI VASTI student of Bachelor of
Commerce at Amity College of Commerce & Finance, Amity University, Uttar
Pradesh has completed the ‘COMPANY REPORT with specific reference to
Insurance Sector under my guidance.

Ms. Neha Puri

(Amity College of Commerce and Finance)
 Executive Summary
SBI Life Insurance Company Limited (SBI Life), built up in 2001, is a joint endeavor between
State Bank of India (SBI) and BNP Paribas Cardif S.A. also, is one of the main extra security
organizations in India. SBI has an unrivaled quality of more than 22,000 branches the nation
over, making it the biggest saving money assemble in India. BNP Paribas Cardif S.A. is the life
and property and loss protection arm of BNP Paribas, one of the most grounded banks on the
planet. SBI Life offers a far reaching scope of disaster protection and annuity items. The
organization offers individual and gathering items which incorporate reserve funds and
assurance intends to address the protection needs of various client portions. SBI Life has a
multi-channel circulation organize containing a sweeping Bancassurance channel with SBI and
operator arrange including 1.13 lakh specialists as on September 30, 2018. The companys
other dissemination channels incorporate direct deals and deals through corporate
operators, merchants, protection advertising firms and different middle people. As on
September 30, 2018, the organization had a boundless system of 848 workplaces over the
Country.SBI Life Insurance Company Limited was joined as an open constrained organization
at Mumbai on October 11, 2000 and got declaration of initiation of business from the RoC on
November 20, 2000. The Company is enlisted with the IRDAI for doing business of disaster
protection compliant with the enrollment authentication dated March 29, 2001. Amid money
related year 2002-03, SBI Life propelled Bancassurance channel. It likewise paid its first case
amid the year. Amid budgetary year 2004-05, SBI Lifes Assets Under Management (AUM)
crossed Rs 1000 crore check. In January 2005, SBI Life propelled unit connected item. Amid
money related year 2005-06, SBI Life turned into the main new age private life coverage
organization to make benefit; the organization enrolled benefit after expense of Rs 2.03 crore
for the year.During monetary year 2007-08, SBI Lifes Gross Written Premium (GWP) crossed
the achievement of Rs 5000 crore and AUM crossed the achievement of Rs 10000 crore. The
organization additionally accomplished combined breakeven amid the year, clearing out
every single collected misfortune. Amid the year, the company’s share capital expanded by
Rs 500 crore to Rs 1000 crore.

Chairman Rajnish Kumar

Nominee DINESH KUMAR KHARA

Nominee Gerard Binet

Nominee Pierre de Portier de Villeneuve

Independent Director Nilesh S Vikamsey

Independent Director Raj Narain Bhardwaj

Independent Director Joji Sekhon Gill

Independent Director Deepak Amin

Independent Director Somasekhar Sundaresan

Independent Director Ravi Rambabu

Managing Director & CEO Sanjeev Nautiyal

Nominee P K Gupta

Company Secretary Nimesh Bakul Maniyar

 Acknowledgement
The satiation and euphoria that accompany the successful completion of the
project would be incomplete without the mention of the people who made it
possible.
I would like to take the opportunity to thank and express my deep sense of
gratitude to my faculty guide Ms. Neha Puri. I am greatly indebted to her for
providing valuable guidance at all stages of the study, her advice, constructive
suggestions, positive and supportive attitude and continuous encouragement,
without which it would have not been possible to complete the project.
I owe my wholehearted thanks and appreciation to my friends and family who
helped me finish this report on time. I hope I can build upon the experience and
knowledge that I have gained and make a valuable contribution towards the
industry in coming future.
 CHAPTER – 1
Introduction of the Company

SBI Life Insurance Company Limited (SBI Life) set up in 2001 is a joint undertaking between
State Bank of India (SBI) and BNP Paribas Cardif S.A. moreover, is one of the primary life
inclusion associations in India. SBI has an unrivaled nature of in excess of 22000 branches the
country over making it the greatest dealing with a record group in India. BNP Paribas Cardif
S.A. is the life and property and mishap security arm of BNP Paribas a standout amongst the
most grounded counts on earth. SBI Life offers a broad extent of life inclusion and advantages
things. The association offers individual and social event things which join save assets and
confirmation expects to address the security needs of contrasting customer areas. SBI Life has
a multi-channel spread compose containing a general Bancassurance channel with SBI and
expert mastermind including 1.13 lakh administrators as on September 30 2018. The
association's other spread channels join coordinate arrangements and arrangements through
corporate administrators’ specialist’s assurance displaying firms and distinctive middle
people. As on September 30 2018 the association had an expansive arrangement of 848 work
environments over the Country. SBI Life Insurance Company Limited was joined as an open
confined association at Mumbai on October 11 2000 and got support of start of business from
the RoC on November 20 2000. The Company is selected with the IRDAI for finishing business
of life inclusion as per the enrollment verification dated March 29 2001. In the midst of fiscal
year 2002-03 SBI Life impelled Bancassurance channel. It furthermore paid its first case in the
midst of the year. In the midst of money related year 2004-05 SBI Life's Assets Under
Management (AUM) crossed Rs 1000 crore check. In January 2005 SBI Life pushed unit
associated thing. In the midst of fiscal year 2005-06 SBI Life transformed into the primary new
age private additional security association to make advantage; the association enrolled
advantage after obligation of Rs 2.03 crore for the year. During cash related year 2007-08 SBI
Life's Gross Written Premium (GWP) crossed the accomplishment of Rs 5000 crore and AUM
crossed the accomplishment of Rs 10000 crore. The association moreover achieved
consolidated breakeven in the midst of the year getting out each accumulated disaster. In the
midst of the year the association's offer capital extended by Rs 500 crore to Rs 1000 crore. In
the midst of budgetary year 2009-10 SBI Life's GWP crossed the accomplishment of Rs 10000
crore. In the midst of fiscal year 2010-11 SBI Life's branch compose crossed the
accomplishment of 500 branches. During the budgetary year 2011-12 SBI Life achieved the
accomplishment of advantage after appraisal (PAT) of Rs 500 crore; the association uncovered
PAT of Rs 556 crore for the year. It furthermore articulated a woman benefit of 5% in the
midst of the year. In the midst of the budgetary year 2012-13 the association's AUM crossed
the accomplishment of Rs 50000 crore and the number of branches crossed 750. In the midst
of the cash related year 2015-16 SBI Life's GWP crossed the accomplishment of Rs 15000
crore. During the financial year 2016-17 SBI Life's reviving premium social occasion crossed
the accomplishment of Rs 10000 crore. Furthermore, in the midst of the year Value Line Pte
Ltd and McRitchie Investments Pte Ltd. acquired stake of 1.95% each in SBI Life from SBI. SBI
Life Insurance extended its bit of the pie of New Business Premium made among private life
back up plans in India from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017. Between Fiscal
2015 and Fiscal 2017 the Company's New Business Premium made extended at a CAGR of
35.45% which is the most lifted among the fundamental five private life back up plans
(similarly as total premium in Fiscal 2017) in India. In Fiscal 2017 SBI Life Insurance got a kick
out of a bit of the pie of Individual Rated Premium of 20.69% among private life underwriters
in India and 11.16% of the entire additional security industry in India. Between Fiscal 2015
and Fiscal 2017 its Individual Rated Premium extended at a CAGR of 37.90 % the most
important among the primary five private life back up plans (with respect to total premium in
Fiscal 2017) in India. The Company has in like manner issued the most lifted number of
individual life game plans each year among the best five private life security net suppliers (to
the extent supreme premium in Fiscal 2017) in India since Fiscal 2014.As of June 30 2017 SBI
Life had a broad thing course of action of 37 individual and social event things including an
extent of confirmation and hold supports things to address the assurance needs of arranged
customer areas. Its individual things fuse participating things non-taking an intrigue
protection things other non-taking an intrigue things and unit-associated things which
contributed 10.77% 0.95% 1.69% and 50.36% independently of its New Business Premium in
Fiscal 2017; while its social event things fuse credit life total security things other get-together
confirmation things cluster bolster the administrators ('Group FM') things and other get-
together things which contributed 2.72% 1.14% 31.73% and 0.65% exclusively of its New
Business Premium in Fiscal 2017. In the midst of the budgetary year 2017-18 SBI Life achieved
AUM accomplishment of Rs 1 lakh crore.State Bank of India offloaded 8 crore offers and BNP
Paribas Cardif S.A. offloaded 4 crore offer of SBI Life Insurance Company through a hidden
open offer (IPO) in the midst of the period from 20 September 2017 to 22 September 2017.
There was no new issue of offers by the association. The stock showed up on BSE at Rs 733.30
on 3 October 2017 a premium of 4.75% stood out from the IPO cost of Rs 700 for each offer.
On 24 September 2018 SBI Life Insurance Company Limited proclaimed that it has been
instructed by BNP Paribas Cardif SA (BNP Paribas Cardif) that BNP Paribas Cardif may consider
reducing its shareholding in the association to ensure consistence with least open
shareholding essentials according to significant law. In this setting BNP Paribas Cardif has in
like manner certified that it is yet to settle on any firm decisions regarding the size arranging
or nature of such potential decline in their shareholding of the association.
 CHAPTER – 2
Product Lines

Group
Individual Insurance
Insurance Plans Offered
Plans Offered

Wealth Money Group Loan

Protection Retirement Corporate Group Micro
Savings Plan Creation with Child Plans Back/Income Protection
Plan Plans Solution Plans Insurance Plan
Insurance Plans Plans
 SAVING PLANS

SAVINGS PLANS

Smart Shubh Smart Flexi Smart CSC Saral Smart Smart

Samriddhi Nivesh Bachat Plus Sanchay Women Humsafar
Advantage

•SBI Life – Smart Samriddhi provides protection cover to your family in case of an
Smart Samriddhi unfortunate event and also rewards your saving habit with assured additions.

•Insurance coverage and kick-start your wealth creation journey through

Shubh Nivesh systematic savings. SBI Life – Shubh Nivesh, a with-profit endowment assurance
plan, provides insurance cover, savings and income under a single plan.

•Safeguard your family's future and meet your investment needs wisely with SBI
Smart Bachat Life – Smart Bachat.

•SBI Life – Flexi Smart Plus allows you to modify your insurance plan according to
Flexi Smart Plus your ever-changing needs. It also offers regular bonus interest to help your
savings grow.

•Avail twin benefits of savings and insurance cover with SBI Life – CSC Saral
CSC Saral Sanchay Sanchay.

•With SBI Life – Smart Women Advantage avail triple benefits of life cover, savings
Smart Women Advantage and Critical Illness (CI) benefit under a single, women-centric plan. With this
three-fold advantage, spread your wings and soar high.

•Achieve every dream with SBI Life - Smart Humsafar, a unique life insurance with
Smart Humsafar saving plan. Avail of the twin benefits of savings and insurance cover under a
single policy for both you and your spouse.
 PROTECTION PLANS

PROTECTION
PLANS

Sampooran
Poorna eIncome Saral Smart Grameen
eSHIELD Cancer Smart Shield Saral Shield
Suraksha Shield Swadhan+ Swadhan Plus Bima
Suraksha

•Shift the load of securing your family’s future from your shoulders to your fingertips. SBI Life –
eShield now gives you the advantage of an easy and seamless online process of obtaining a life
eShield insurance.

•With SBI Life – Poorna Suraksha Plan, auto-rebalance Life and Critical Illness
Poorna Suraksha cover as you age, for more effective protection.

•Avail the comprehensive benefits of SBI Life - Sampoorn Cancer Suraksha and
Sampooran Cncer Suraksha prepare yourself financially to defeat Cancer. Buy online & get 5% discount on
premium.

•SBI Life – eIncome Shield, is a pure term, income protection plan that provides
eIncome Shield the security of regular monthly income for your dependents. The plan also
factors in the need for increase in income benefit as living expenses rise.

•Now give them adequate protection to meet their financial needs. Apply for SBI
Smart Shield Life – Smart Shield, a pure term plan, and get peace of mind, knowing that your
family is financially secured

•With SBI Life – Saral Shield you can create a safety cover to safeguard your
Saral Shield family's dream and future. This pure term plan offers you affordability and
simplicity in your bid to provide financial protection to your family.

•Now get protection with the added benefit of getting your premiums back. SBI
Saral Swadhan+ Life - Saral Swadhan+ is a term assurance plan that offers fixed life cover and
return of premiums at maturity.

•Now get protection at a nominal cost, with the added benefit of getting your
Smart Swadhan Plus premiums back. With SBI Life – Smart Swadhan Plus, get guaranteed return of
premiums and assurance of protecting your family in case of in-force policies.

•Protect your family at an affordable cost with SBI Life – Grameen Bima. SBI Life
Grameen Bima – Grameen Bima is a pure term, micro-insurance plan that helps you provide
financial security for your family at reasonable costs.
 WEALTH CREATION WITH INSURANCE

WEALTH
CREATION WITH
INSURANCE

Smart Insure Saral Insure Smart Wealth Smart Wealth Smart Power Saral Maha eWealth
Smart Elite Smart Privilege
Wealth Plus Wealth Plus Builder Assure Insurance Anand Insurance

•SBI Life - Smart InsureWealth Plus plan gives you life insurance coverage along with
Smart Insure Wealth Plus disciplined savings to achieve your dreams, and wealth creation with the flexibility of
Monthly Withdrawal.

•Invest in a ULIP Plan that offers flexibility along with Systematic Monthly Withdrawal.Is
Saral Insure Wealth Plus your chosen ULIP helping you reap the most out of your investment strategy? The SBI Life -
Saral InsureWealth Plus plan offers you so much more

•It’s time to start investing today to reap the benefits tomorrow. With SBI Life – Smart
Smart Wealth Builder Wealth Builder, avail the benefit of enhanced investment opportunity by investing in one
or many investment funds.

•SBI Life – Smart Wealth Assure, helps you enjoy market-linked returns along with
Smart Wealth Assure insurance coverage, with only a one-time premium.

•With SBI Life – Smart Power Insurance, begin your wealth creation journey with the help of
Smart Power Assure reasonable premiums. Also obtain returns in tune with the current investment scenario.

•Exclusively crafted for HNIs (High Net-worth Individuals), SBI Life – Smart Elite allows you
Smart Elite to maximize your savings through market-linked returns and features that empower you
with greater control in managing your portfolio.

•Presenting SBI Life – Smart Privilege for UHNIs like you, grow your wealth by choosing
from among 8 funds with unlimited free switches and redirections. Also, enjoy the benefit
Smart Privilege of insurance coverage as you multiply your investments.

•Gain twin benefits of market-linked returns and security of life insurance cover for your
Saral Maha Anand family. With reasonable premiums and no medical examination, the SBI Life – Saral Maha
Anand Plan is affordable and easy to invest in.

•You can now enjoy the benefits of ULIPs with a simplified, 3-step online buying process.
eWealth Insurance SBI Life - eWealth Insurance, helps you grow your wealth. Avail twin benefits of market
linked returns on your invested money and the security of life cover.
 RETIREMENT PLANS

RETIREMENT
PLANS

Saral Pension Retire Smart Annuity Plus

• Save enough to secure the golden years of your life. Make sure
your future is as comfortable as your present with the SBI Life –
Saral Pension Saral Pension. Through regular bonuses, you can now meet your
post-retirement financial needs conveniently.

• Enjoy an assured maturity benefit that secures your investment

from market volatility, with SBI Life – Retire Smart. Secure your
Retire Smart future by creating a retirement corpus with systematic
investments during your earning years.

• With SBI Life– Annuity Plus, you receive a comprehensive range

of annuity options on just a single premium payment. Thus, you
Annuity Plus are assured of regular annuity/pension for the rest of your life.
 CHILD PLANS

CHILD PLANS

Smart Champ
Smart Scholar
Insurance

•SBI Life - Smart Champ Insurance, a traditional participating child

insurance plan, helps in securing your child's educational needs
Smart Champ Insurance

• Avail twin benefits of market-linked returns on your invested

money and the security of life cover for your children with SBI
Smart Scholar Life - Smart Scholar.
 MONEY BACK/INCOME PLANS

MONEY
BACK/INCOME
PLANS

Smart Money Smart Money Smart Income

Back Planner Protect

•Invest in SBI Life – Smart Money Back Gold, a participating traditional

money back insurance plan, and avail twin benefits of life cover as well
Smart Money Back as periodic income to meet your financial requirements at crucial
points in life.

• Now you can avail dual benefits of regular income and security
for your family under the same plan with SBI Life - Smart Money
Smart Money Planner Planner.

• SBI Life - Smart Income Protect, a traditional participating

savings plan, offers dual benefits of life cover and regular cash
Smart Income Protect inflow over a period of 15 years.
 CORPORATE SOLUTION PLANS

•SBI Life – Kalyan ULIP Plus is a fund-based plan for Employer-Employee groups. It
Kalyan ULIP Plus is a one-stop solution that combines the benefits of gratuity

•SBI Life - CapAssure Gold plan fulfills the needs of Employers/ Trustees/ State
CapAssure Gold Governments/ Central Government/ PSUs who wish to fund their employees’ retirement
benefit schemes of gratuity, leave encashment, and superannuation

• SBI Life – Gaurav Jeevan Plan is designed exclusively for the Central
Gaurav Jeevan Government, State Government, Government Enterprises, and their agencies.

Pradhan Mantri Jeevan Jyoti •Secure your family’s future with SBI Life – Pradhan Mantri Jeevan Jyoti Bima
Yojana. Get life cover of 2 lakh at a nominal price.
Bima Yojana
•SBI Life - Sampoorn Suraksha is a yearly, renewable group term insurance plan,
Sampooran Suraksha available for different formal and informal groups. It provides a comprehensive
insurance benefit package that can be customized as per your needs.

•SBI Life – Swarna Jeevan, helps employers manage the employee pension
Swarna Jeevan scheme through the transfer of their liability.
 GROUP LOANS PROTECTION PLANS

GROUP LOANS
PROTECTION
PLANS

RiNn Raksha

•Put your worries to rest with

SBI Life – RiNn Raksha. This
plan covers your debt and pays
RiNn Raksha off your financing institution in
case any eventuality.
 GROUP MICRO INSURANCE PLANS

GROUP MICRO
INSURANCE
PLANS

Grameen Super
Shakti
Suraksha

• SBI Life –Shakti is specially designed

to provide coverage to your
Shakti members. In addition, they will
receive a return of 50% of
premiums paid, at maturity.

• With SBI Life – Grameen Super

Grameen Super Suraksha you can now provide
insurance coverage to your group
Suraksha members at affordable premiums.
 CHAPTER – 3
Service Process

SBI Life Insurance

Company Limited

Agency Channel Bancassurance Brokers Internet

Insurance Agent Corporate Agent

 CHAPTER – 4
Marketing Strategies
The marketing mix is the combination of marketing activities that an organization engages in
so as to best meet the needs of its targeted market. The Insurance business deals in selling
services and therefore due weight age in the formation of marketing mix
for the Insurance business is needed. An item implies what we create. On the off chance that
we create merchandise, it implies unmistakable item and when we deliver or produce
administrations, it implies immaterial administration item. An item is both what a merchant
needs to offer and a purchaser needs to purchase. In this manner, an Insurance organization
moves administrations and hence benefits are their item. At the point when an individual or
an association purchases an Insurance arrangement from the insurance agency, he purchases
a strategy, as well as alongside it the help and exhortation of the operator, the renown of the
insurance agency and the offices of cases and remuneration. It is common that the clients
expect a sensible return for their venture and the insurance agencies need to augment their
gainfulness. Consequently, while choosing the item portfolio or the item mix, the
administrations or the plans ought to be inspirational. The Group Insurance plot is required
to be advanced, the Crop Insurance is required to be extended and the new plans and
arrangements for the villagers or the rustic populace are to be incorporated. The approach
creators are required to enact the endeavors. It would be judicious that the SBI Life Insurance
organization Limited is permitted to seek after a strategy of direct venture for country
improvement. Interest in Government securities ought to be ceased and the speculation
ought to be channelized in private part to amplify benefits. To put it plainly, the plan of item
mix ought to be despite imaginative item methodology. While starting the creative procedure
it is important to contemplate the techniques embraced by private and remote insurance
agencies.

1. PRICING
In the insurance business the estimating choices are worried about:

 The premium charged against the approaches,

 Interest charged for defaulting the installment of premium and credit office, and
 Commission charged for endorsing and consultancy exercises.

With a perspective of impacting the objective market or prospects the detailing of valuing system ends
up huge. In a creating nation like India where the extra cash in the hands of prospects is low, the
evaluating choice additionally oversees the change of potential policyholders into real policyholders.
The systems might be high or low valuing keeping in view the dimension or standard of clients or the
policyholders. The valuing in protection is as premium rates. The three fundamental factors utilized
for deciding the superior rates under an extra security plan are mortality, cost and intrigue. The top-
notch rates are reexamined if there are any huge changes in any of these variables.

• Mortality (deaths in a specific zone):

When settling on the evaluating technique the normal rate of mortality is one of the principle
contemplations. In a nation like South Africa the danger to life is imperative for what it's worth
played by host of sicknesses.

• Expenses:

The expense of preparing, commission to specialists, reinsurance organizations just as enrollment are
altogether consolidated into the expense of portions and premium total and structures the basic piece
of the estimating technique.

• Interest:

The rate of intrigue is one of the main considerations which decides individuals' eagerness to put
resources into protection. Individuals would not put their assets to put resources into protection
business if the loan fees given by the banks or other monetary instruments are a lot more prominent
than the apparent comes back from the protection premiums.

2. PROMOTION
The insurance administrations rely upon successful limited time measures. In a nation like
India, the rate of absence of education is high and the provincial economy has predominance
in the national economy. It is fundamental to have both individual and unoriginal
advancement systems. In advancing insurance business, the operators and the country
profession specialists play an imperative job. Due consideration ought to be given in choosing
the limited time instruments for operators what's more, country profession operators and
notwithstanding for the branch directors and forefront staff. They too must be given
legitimate preparing so as to make drive purchasing. Promoting and Publicity, association of
gatherings and workshops, motivator to policyholders are unoriginal correspondence.
Organizing Kittens, displays, support in fairs and celebrations, country divider works of art and
exposure drive through the versatile attention van units would be successful in making the
drive purchasing and the rustic prospects would be effectively changed into genuine
policyholders.
 3. PHYSICAL DISTRIBUTION

Distribution is a key determinant of accomplishment for all insurance agencies. Today, the
nationalized safety net providers have a vast reach and nearness in India. Building a
distribution organize is extravagant and tedious. In the event that the back up plans are happy
to take preferred standpoint of India s expansive populace and achieve a beneficial mass of
clients, at that point new distribution roads and coalitions will be vital. At first protection was
viewed as a perplexing item with a high counsel and administration part. Purchasers favor
a face-to-face association and they put a high premium on brand names and dependability.
As the mindfulness expands, the item winds up easier and they end up off-the-rack ware
items. Today, different go-between, not really insurance agencies, are moving protection. For
instance, in UK, retailer like Marks and Spencer moves protection items. The money related
administrations enterprises have effectively utilized remote distribution stations, for
example, phone or web in order to achieve more clients, stay away from middle people, cut
down overheads and increment productivity. A genuine model is UK back up plan Direct Line.
It depended on phone deals and low valuing. Today, it is one of the biggest engine protection
administrators. Innovation won’t supplant a distribution arrange however it will offer points
of interest like better client benefit. Fund organizations and banks can rise as an appealing
distribution direct for protection in India. In Netherlands, money related administrations firms
give a whole scope of items including financial balances, engine, home and life protection and
annuities. In France, half of the extra security deals are made through banks. In India
additionally, banks would like to augment costly existing systems by moving a scope of items.
It is foreseen that as opposed to formal proprietorship courses of action, a free system of
collusion among safety net providers and banks will rise, prevalently known
as banc affirmation. Another creative distribution channel that could be utilized are
the nonfinancial associations. For a precedent, protection for buyer things like ice chest and
TV can be offered at the purpose of offer. This improves the probability of protection deals.
Unions with makers or retailers of customer merchandise will be conceivable and
protection can be one of the different motivators advertised.
 CHAPTER – 5
CSR Activities
CSR is governed by the Section - 135 of The Companies Act,2013.
Corporate Social Responsibility can be defined as an approach of
business entities that helps them to contribute towards sustainable
development by providing economic, social & environmental benefits.

SBI Life insurance company believes in ' Protection of life' which is

reflected through its services. it promotes & facilitates children to turn
into productive assets. The company focuses majorly on education of
financially disadvantaged children, providing healthcare & wellness,
development of rural areas & environmental up-gradation.
Financial CSR Activity(s)
Year
 Company promoted education for underprivileged children by
means of formal & informal education in cities like New Delhi,
Mumbai, Jammu, Bengaluru, etc. Also provided basic things like
uniform, laptop, proper sanitation, etc. at Navi Mumbai,
Guwahati, etc. Further it also improved the environment of the
school for retention & attendance of the students.
 Company has undertaken various healthcare facilities &
initiatives to improve nutrition to unprivileged section of the
society, to do so it has also provided with required medical
instruments in Jammu & Kashmir, Mumbai, Thiruvananthapuram
2014 - 15 & Kolkata. It contributed in creating a better living environment
for the children who are handicapped in any manner by
supporting their education & treatment at the orphanages,
shelter homes, etc. at Thiruvananthapuram, Kolkata, Patna,
Bhopal, etc.
 Company conducted a tree plantation activity as a small step
towards maintaining the ecological balance & conservation of
resources at Amravati & Madanpalle. It also contributed towards
the cause of ‘Clean Ganga’ with an intention to conserve it.
 Relief materials like medicines, blankets, food, etc. were provided
to the families who were affected during the floods at Jammu &
Kashmir also support was provide in renovation & rebuilding of
schools which were damaged due to the Hudhud cyclone at
Vishakhapatnam. A contribution was made by the company in
Prime Minister’s relief fund to provide immediate relief to the
affected families.
 A contribution was made by company to the 'Swachh Bharat
Kosh' of the Prime Minister with an objective to improve
sanitation in rural as well as the urban areas including the
schools.
 With the help of National Association for the Blind (NAB)
company has pledged to provide 2,000 Braille Kits to the visually
impaired students across India.
 Development of approximately 60 schools has been initiated by
the company in the districts of Andhra Pradesh, Assam, Bihar,

2015 - 16 Gujarat, Kerala, Madhya Pradesh, Uttar Pradesh, West Bengal,

Maharashtra and Karnataka.
 An all India drawing competition – ‘My Art My World’ was
organized by the company in order to showcase the talent of the
school children from remote locations. More than 1500 students
participated in it from different government schools.
 An initiative has been taken up by the company in order to assure
that children who are undergoing cancer treatment continue
their schooling with help of an organization named ‘Cankids-
Kidscan’ in Mumbai. ‘Shiksha se Safalta’ a CSR programme has
been conducted by the company to promote education to the
students whose parents constantly struggle to make both the
ends meet.
 The life of more than 2000 villagers who live in small settlements
at Vasai & Machale (near Mumbai) & Shirali village (in Karnataka)
 have been provided with urban facilities like solar lights, safe
drinking water & sanitation facilities.

 A helping hand was provided to 352 educational institutes which

benefited 85,606 children, also school essentials were provided
to 8159 children & 13,465 children were provided with Holistic
education support.
 Skill training & literacy programs were undertaken in order to

2016 - 17 
support more than 53,000 women.
Total 16 villages were benefited with the plantation of 1 lakh
saplings planted around them in Andhra Pradesh & Madhya
Pradesh.
 4,620 people in 3 states across the country were affected through
facilitation of rural development.
 2500 underprivileged were provided with clinical & general care
support. 200 children pediatric eye surgery were done & 4600
children battling cancer were provided with hygiene kits. 20 +
healthcare & medical institutes were given infrastructural
support.
 Nearly 50,000 children studying across 55+ institutions were
given the gift of education & granted support for yearly
academics & basic education essentials. 452 educational
institutions were given infrastructural up gradation & over 1 lakh
students studying in them were benefited across 19 states.

2017 – 18 Investment was done in order to provide medical equipment &
ambulances to medical institutions, to conducting health camps
& other treatments to the unprivileged.
 More than 5,000 villagers we provided sanitation & lavatory
facilities, water treatment plants & even compost machines.
 Plantation of 50,000 trees was done in north eastern region of
Sikkim.
 Around 22,600 flood-affected victims across the states of Uttar
Pradesh, West Bengal, Bihar & Assam were provided relief
material.
 CHAPTER – 6
Future Prospects
The future prospect of the company is to offer comprehensive range
of life insurance & pension products at the best prices, ensuring high
level of customer satisfaction & matchless operating efficiency,
thereby becoming exemplary life insurance company in India in post
liberalization period.
 REFERENCES
 http://www.sbilife.co.in
 https://www.google.com/search?q=sbi+life+insurance+company+limited
+logo&rlz=1C1JZAP_enIN821IN822&source=lnms&tbm=isch&sa=X&ved=
0ahUKEwj-kO-K1pDgAhVKrI8KHRKUAh8Q_AUIDigB&biw=1163&bih=526
 https://www.google.com/search?rlz=1C1JZAP_enIN821IN822&biw=1163
&bih=526&tbm=isch&sa=1&ei=tQ9PXMbRLovrvgSmoJho&q=amity+unive
rsity+logo&oq=amitylogo&gs_l=img.3.1.0i7i30l10.115453.116891..11928
3...0.0..0.319.1043.0j5j0j1......0....1..gws-wiz-
img.......0i67j0j0i10.OadVWQXQFlE
 https://www.business-standard.com/company/sbi-life-insuran-
22045/information/company-history
 http://shodhganga.inflibnet.ac.in/bitstream/10603/6447/6/06_chapter%
201.pdf
 https://www.indiainfoline.com/company/sbi-life-insurance-company-
ltd/sumamry/22045