Incorporation (2000) : SBI Life Insurance was incorporated as a joint venture between the State Bank of India and BNP Paribas Cardif in 2000. SBI holds a 62.1% stake in the company, while BNP Paribas Cardif holds 22.0%. The remaining 15.9% is held by other shareholders.
Operations Begin (2001) : SBI Life started its operations in 2001 and has since then grown to become one of the major players in the Indian life insurance industry.
Expansion and Product Portfolio : Over the years, SBI Life Insurance expanded its reach across the country and diversified its product portfolio to include a wide range of life insurance products such as term insurance, endowment plans, unit-linked insurance plans (ULIPs), pension plans, and more.
IPO (2017) : In 2017, SBI Life Insurance went public with an Initial Public Offering (IPO). The IPO received a positive response from investors, and the company's shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Awards and Recognition : SBI Life Insurance has received various awards and accolades for its performance and contribution to the insurance sector in India. These awards recognize the company's efforts in providing innovative and customer-centric insurance solutions.
Digital Initiatives : Like many other insurance companies, SBI Life has embraced digital technologies to enhance customer experience, streamline operations, and offer online insurance solutions.