SBI Life Insurance Co Ltd - Company Profile
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SBI Life Insurance Co Ltd (SBI Life), a subsidiary of State Bank of India, is an insurance company that offers life insurance products. 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 a 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.
SBI Life Insurance Co Ltd premium industry data and analytics
Products and Services
Products | Services |
---|---|
Life Insurance: | Premium Calculator |
Individual Plans | Tax Calculator |
Unit Linked Plans | Child Education Planner |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | New Products/Services | In April, the company introduced IdeationX. |
2024 | Acquisitions/Mergers/Takeovers | In February, the company acquired a minority stake in Fabindia Limited. |
2024 | New Products/Services | In January, the company introduced Saral Swadhan Supreme and Smart Swadhan Supreme. |
Competitor Comparison
Key Parameters | SBI Life Insurance Co Ltd | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Max Financial Services Ltd | Aditya Birla Capital Ltd |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | Mumbai | Mumbai | Mumbai | Noida | Mumbai |
State/Province | Maharashtra | Maharashtra | Maharashtra | Delhi | Maharashtra |
No. of Employees | 20,787 | 32,448 | 17,825 | 11 | 34,000 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Amit Jhingran | Chief Executive Officer; Managing Director | Senior Management | 2023 | - |
Sangramjit Sarangi | Chief Financial Officer; President | Senior Management | - | - |
Subhendu Kumar Bal | Chief Actuary Officer; Chief Risk Officer | Senior Management | - | - |
M. Anand | Chief Distribution Officer; President | Senior Management | 2024 | - |
M Anand | President - Zone 1 | Senior Management | 2021 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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