SBI Life Insurance Company Ltd is an Indian life insurance provider. It is a joint venture between the State Bank of India (SBI), the country’s largest bank, and BNP Paribas Cardif, a global insurance company. SBI Life offers a wide range of life insurance products designed to help individuals secure their financial future. Its offerings include term insurance, savings plans, ULIPs, pension plans, child plans, and group insurance solutions. With its strong brand trust, broad customer base, and extensive SBI branch network, SBI Life has become a major player in India’s insurance industry. The company's massive distribution reach through SBI's network is a critical factor in the current valuation of the SBI Life share price.
Introduction & Incorporation
SBI Life Insurance was incorporated in 2000 and is headquartered in Mumbai, Maharashtra. It is a public limited company operating in the life insurance and financial services sector. The company started its journey by leveraging SBI’s wide network and customer relationships, which helped it quickly scale across the country. Over the years, SBI Life has invested in digital systems, training, and product innovation to serve millions of customers. Its business model focuses on offering affordable and accessible insurance that supports long-term financial protection, savings, and retirement planning.
SBI Life Insurance Company Ltd Business Segments and Revenue Model
Core Offerings (Products and Services):
- Protection Plans: These include pure term life insurance plans that provide a high life cover at an affordable premium, ensuring financial security for the family in case of the policyholder's death.
- Savings and Investment Plans (ULIPs & Endowment): Unit-Linked Insurance Plans (ULIPs) combine investment with insurance cover, while Endowment and Money-Back plans focus on long-term savings and wealth creation.
- Retirement & Pension Plans: Solutions designed to help customers accumulate a corpus during their working years and receive a steady income (annuity) after retirement.
- Health Plans: Offerings that provide coverage for health-related uncertainties, sometimes bundled with life cover.
- Group Solutions: Products tailored for corporate clients to provide protection and retirement benefits (like group term insurance and group employee benefit schemes) to their employees.
SBI Life Insurance Company Ltd Key Milestones
- 2000: SBI Life Insurance Company Ltd. was incorporated.
- 2001: Officially commenced life insurance business.
- 2002: Launched its powerful Bancassurance channel, leveraging the SBI Group's network.
- 2005: Became the first new generation private life insurance company to record a profit.
- 2007: Achieved cumulative breakeven, wiping out all accumulated losses; achieved ₹ 5000 crore Gross Written Premium (GWP).
- 2017: Total Assets Under Management (AUM) crossed the ₹1,00,000 crore mark.
- 2018: Successfully completed its Initial Public Offering (IPO) and was listed on BSE and NSE.
- 2021: Gross Written Premium crossed the ₹50,000 Crore mark; Included in the NSE NIFTY 50 benchmark index.
- 2022: AUM reached the significant milestone of ₹2.5 Trillion.
SBI Life Insurance Company Ltd Awards & Recognitions
- SBI Life won Best Risk Management Strategy India at ICC Awards 2025.
- SBI Life recognised among India’s Top 500 Value Creators 2024, organised by Dun&Bradstreet.
- SBI Life won Amiable Insurer-Large Category at ETNow Awards 2023.
- SBI Life won Gold for CLO Chief Learning Officer Award 2022.
SBI Life Insurance Company share price as on 27 Feb 2026 is Rs. 2037.2. Over the past 6 months, the SBI Life Insurance Company share price has increased by 12.14% and in the last one year, it has increased by 38.61%. The 52-week low for SBI Life Insurance Company share price was Rs. 1379.85 and 52-week high was Rs. 2132.
SBI Life Insurance Company Ltd is an Indian life insurance provider. It is a joint venture between the State Bank of India (SBI), the country’s largest bank, and BNP Paribas Cardif, a global insurance company. SBI Life offers a wide range of life insurance products designed to help individuals secure their financial future. Its offerings include term insurance, savings plans, ULIPs, pension plans, child plans, and group insurance solutions. With its strong brand trust, broad customer base, and extensive SBI branch network, SBI Life has become a major player in India’s insurance industry. The company's massive distribution reach through SBI's network is a critical factor in the current valuation of the SBI Life share price.
Introduction & Incorporation
SBI Life Insurance was incorporated in 2000 and is headquartered in Mumbai, Maharashtra. It is a public limited company operating in the life insurance and financial services sector. The company started its journey by leveraging SBI’s wide network and customer relationships, which helped it quickly scale across the country. Over the years, SBI Life has invested in digital systems, training, and product innovation to serve millions of customers. Its business model focuses on offering affordable and accessible insurance that supports long-term financial protection, savings, and retirement planning.
SBI Life Insurance Company Ltd Business Segments and Revenue Model
Core Offerings (Products and Services):
- Protection Plans: These include pure term life insurance plans that provide a high life cover at an affordable premium, ensuring financial security for the family in case of the policyholder's death.
- Savings and Investment Plans (ULIPs & Endowment): Unit-Linked Insurance Plans (ULIPs) combine investment with insurance cover, while Endowment and Money-Back plans focus on long-term savings and wealth creation.
- Retirement & Pension Plans: Solutions designed to help customers accumulate a corpus during their working years and receive a steady income (annuity) after retirement.
- Health Plans: Offerings that provide coverage for health-related uncertainties, sometimes bundled with life cover.
- Group Solutions: Products tailored for corporate clients to provide protection and retirement benefits (like group term insurance and group employee benefit schemes) to their employees.
SBI Life Insurance Company Ltd Key Milestones
- 2000: SBI Life Insurance Company Ltd. was incorporated.
- 2001: Officially commenced life insurance business.
- 2002: Launched its powerful Bancassurance channel, leveraging the SBI Group's network.
- 2005: Became the first new generation private life insurance company to record a profit.
- 2007: Achieved cumulative breakeven, wiping out all accumulated losses; achieved ₹ 5000 crore Gross Written Premium (GWP).
- 2017: Total Assets Under Management (AUM) crossed the ₹1,00,000 crore mark.
- 2018: Successfully completed its Initial Public Offering (IPO) and was listed on BSE and NSE.
- 2021: Gross Written Premium crossed the ₹50,000 Crore mark; Included in the NSE NIFTY 50 benchmark index.
- 2022: AUM reached the significant milestone of ₹2.5 Trillion.
SBI Life Insurance Company Ltd Awards & Recognitions
- SBI Life won Best Risk Management Strategy India at ICC Awards 2025.
- SBI Life recognised among India’s Top 500 Value Creators 2024, organised by Dun&Bradstreet.
- SBI Life won Amiable Insurer-Large Category at ETNow Awards 2023.
- SBI Life won Gold for CLO Chief Learning Officer Award 2022.
SBI Life Insurance Company share price as on 27 Feb 2026 is Rs. 2037.2. Over the past 6 months, the SBI Life Insurance Company share price has increased by 12.14% and in the last one year, it has increased by 38.61%. The 52-week low for SBI Life Insurance Company share price was Rs. 1379.85 and 52-week high was Rs. 2132.
