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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 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.
Headquarters
India
Address
Turner Morrison Building, 2nd Floor, 16, Bank Street, Fort, Mumbai, Maharashtra, 400069
Website
www.sbilife.co.in
Telephone
91 22 61911000
No of Employees
18,515
Industry
Financial Services
Ticker Symbol & Exchange
SBILIFE (NSE)
Revenue (2023)
$11.2B
1.3%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
3.4%
(2023 vs 2022)
Market Cap*
$14.1B
Net Profit Margin (2023)
XYZ
1.7%
(2023 vs 2022)
* As of and is in US$
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 |
|---|---|---|
| 2022 | New Products/Services | In June, the company launched a new health insurance vertical. |
| 2022 | Corporate Changes/Expansions | In April, the company opened a new branch in Puri, Odisha, India. |
| 2022 | Others | In February, the company unveiled its reimagined brand identity. |
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 | New Delhi | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Delhi | Maharashtra |
| No. of Employees | 18,515 | 22,059 | 15,530 | 12 | 33,500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mahesh Kumar Sharma | Managing Director; Chief Executive Officer | Executive Board | 2022 | 57 |
| Sangramjit Sarangi | Chief Financial Officer; President | Senior Management | - | - |
| Subhendu Kumar Bal | Chief Actuary Officer; Chief Risk Officer | Senior Management | - | - |
| Gopikrishna Shenoy | Chief Investment Officer | Senior Management | - | - |
| G Durgadas | President - Zone 3 | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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