SBI Life Insurance Company Ltd Company Summary

SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif. The insurer is regulated by IRDAI and began operations in 2001. 

SBI Life Insurance ranks in the second position in terms of market cap (About ₹2,08,042 crore) in the Indian insurance industry.

Company Overview

SBI Life Insurance operates across India as one of the leading insurers. They serve individual and group customers with life cover, savings, pension, annuity and health insurance products. Some of their products also give you options to choose between unit-linked and traditional plans. Recently, SBI Life was recognised as ‘Best Life Insurance Company | India’ at the ICC Emerging Asia Conclave  & Awards 2025.

Founding & Evolution

• • Founded: SBI Life Insurance was incorporated in October 2000.
  • Listed Year: The entity was listed on NSE and BSE in 2017. 
  • Leadership: SBI Life Insurance Ltd, led by Mr. Amit Jhingran, CEO and Managing Director of the company.

• Strategic Alliances & Acquisitions: In 2025, SBI Life and AU Bank announced their alliance with the aim to distribute over 2,505 AU Bank’s banking touchpoints in 21 states and 4 union territories.

Scale and Presence

SBI Life has established a pan-India presence by having a diversified distribution architecture.

• Branches / Offices: It has more than 1,100 offices in India and is backed by more than 40,000 partnered branches.
• Employees: More than 28,500 employees across all their services.
• Customer Base: SBI Life’s clients include retail policyholders, corporate clients, affinity groups, and micro-insurance beneficiaries.

Business Segment

SBI Life Insurance operates primarily through individual and group insurance segments, alongside investment income from policyholder funds. Here’s a quick look at the key business segment of SBI Life Insurance:

• Individual Insurance

• Group Insurance

• Investment Income

Leadership Team