SBI Life Insurance Co Ltd

Overview

SBI Life Insurance Co Ltd (SBI Life) a subsidiary of State Bank of India, is an insurance company which offers life insurance products and services. The company offers individual plans such as unit linked plans, child plans, pension plans, protection plans, and savings plans. It offers group plans which include group employee benefit retirement and protection plans. SBI Life Insurance also provides savings protection products, micro insurance plans, group loan protection products, health plans, and banking product packages including housing loans and personal loans. The company's services include premium calculator, child education planner, tax calculator, easy plan finder, NRI services, SMS based services and premium payment procedure. SBI Life is headquartered in Mumbai, Maharashtra, India.
Key Stats
Address
Turner Morrison Building, 2nd Floor, 16, Bank Street, Fort, Andheri(East), Mumbai, Maharashtra
Headquarters

India

Contact

91 22 61911000

No of Employees

17,464

Industry

Financial Services

Ticker Symbol & Exchange​

SBILIFE [NSE]

Revenue (2021)

$11,085 m

87% (2021 vs 2020)
Net Income (2021)

$197 m

2.4% (2021 vs 2020)
Net Profit Margin

2 %

-45.2% (2021 vs 2020)
Market Cap *

$16,264 m

EPS *

$14.6

  *Note: Ratios based on the share price as of 6-October-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters SBI Life Insurance Co LtdICICI Prudential Life Insurance Co LtdMax Financial Services Limited
Key Information
Headquarters India India India
Headquarter City Mumbai Mumbai New Delhi
Headquarter State/Province Maharashtra - -
No. of Employees 17,464 14,413 15
Entity Type Public Public Public

Products & Services

SBI Life operates as an financial services company. The key products and services of the company include the following:

Products
  • Life Insurance:
  • Individual Plans:
  • Unit Linked Plans
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Services
  • Premium Calculator
  • Tax Calculator
  • Child Education Planner
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Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
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History

Year Event Description
2021 Stake Sale In August, the company announced to sell 1.9% stake held by Carlyle Group, an investment…
2021 Stake Sale In May, the company sold its 4% stake held by Carlyle Group for INR3,900 crore.
2020 Acquisitions/Mergers/Takeovers In December, the company acquired 8.99% stake in Paisalo Digital for INR186.20 crore.
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Locations


Commercial Bank of India LLC

Address

UL Marksistskaya, 16 Moscow, Moscow
Russia

Telephone

7 495 2306032

State Bank of Hyderabad

Address

SBH Circle, SBH Building, Gunfoundry, Hyderabad
India

Telephone

91 40 23387325

Website

http://www.sbhyd.com/
State Bank of Travancore

Address

Poojapura, TRIVANDRUM
India

Telephone

91 471 2192202

State Bank of Bikaner and Jaipur

Address

Tilak Marg
India

Telephone

91 141 5101570

Website

http://www.sbbjbank.com/
State Bank of Patiala (Inactive)

Address

The Mall, Patiala, Punjab, Patiala
India

Telephone

91 1752395629

Website

www.sbp.co.in
State Bank of India (UK) Ltd

Address

15-17 King Street, London EC2V 8EA., London
United Kingdom

Telephone

44 207 4544338

Website

www.sbiuk.statebank/about-sbi-uk

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
21 Sep 2020 SBI Life Signs Bancassurance Partnership with Yes Bank Partnership SBI Life Insurance Co Ltd; Yes Bank Ltd
21 Sep 2018 BNP Paribas and Cardif to Sell Stake in SBI Life Insurance Acquisition SBI Life Insurance Co Ltd
07 Oct 2016 State Bank of India Plans to Sell 5% Stake in SBI Life Insurance Private Equity SBI Life Insurance Co Ltd
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30 Jun 2015 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

171

Active Jobs

0

Posted

0

Closed

Job Trends

Latest Jobs

Job title Company Country
Business Development Group – Bancassurance SBI Life Insurance Co Ltd India
Development Manger  Group- Retail Agency Sales SBI Life Insurance Co Ltd India
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Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
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