||Our 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, and become a model life insurance company in India in the
post liberalisation period".
Our Values :
Life Insurance Company Limited is a joint venture between the State
Bank of India and BNP Paribas Assurance. SBI Life Insurance is
registered with an authorized capital of Rs 2000 crores and a Paid-up
capital of Rs 1000 Crores. SBI owns 74% of the total capital and BNP
Paribas Assurance the remaining 26%.
of India enjoys the largest banking franchise in India. Along with
its 6 Associate Banks, SBI Group has the unrivalled strength of
over 16,000 branches across the country, arguably the largest in
BNP Paribas Assurance is the life and property & casualty insurance
unit of BNP Paribas - Euro Zone’s leading Bank. BNP Paribas, part of
the world’s top 6 group of banks by market value and a European leader
in global banking and financial services, is one of the oldest foreign
banks with a presence in India dating back to 1860. BNP Paribas
Assurance is the fourth largest life insurance company in France, and a
worldwide leader in Creditor insurance products offering protection to
over 50 million clients. BNP Paribas Assurance operates in 41 countries
mainly through the bancassurance and partnership model.
SBI Life has a unique multi-distribution model encompassing vibrant
Bancassurance, Retail Agency, Institutional Alliances and Corporate
Solutions distribution channels.
SBI Life extensively leverages the SBI Group as a platform for
cross-selling insurance products along with its numerous banking
product packages such as housing loans and personal loans. SBI’s 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 ensuring true financial inclusion.
Channel, comprising of the most productive force of more than 68,000
Insurance Advisors, offers door to door insurance solutions to