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Home > 2003 News
2003 News
  Date   Heading
  December 19, 2003   Buying Insurance At Your Local Bank~ Financial Express

The life insurance industry in India has been progressing at a rapid pace since opening up of the sector in 2000. Today, a host of private and international companies are offering a variety of products, which cater to every need of the customer.


Mumbai: The State Bank of India (SBI) would prefer to offload part of its equity stake in SBI Life Insurance Company to the public rather than offer it to the joint venture’s partner Cardif.

  November 11, 2003   ALL OF LIFE'S A STAGE, STAY COVERED... with 'Shield'~ The Economic Times

People buy several insurance policies during their lifetime, mainly, because their needs change over time. A person may be a bachelor and may have just started his career.

  October 21, 2003   BANCASSURANCE MONTH~ The Hindu

SBI Life is planning to hike its capital base by Rs. 100 - 200 crore this fiscal to sustain its business growth. SBI Life, the 74:26 joint venture between SBI and French banking major BNP Paribas' arm Cardif, now has a paid-up capital of Rs 175 crore while its authorized capital is Rs 250 crore. The company's business was growing 4-5 times ans stood at Rs. 100 crore till July, of which Rs. 84 crore came from premium from new business. If the company continues to grow at this rate, SBI Life could end this fiscal with a premium income of Rs. 1,000 crore as against Rs. 225.65 crore in 2003-04.

  October 07, 2003   SBI LIFE TO LAUNCH UNIT-LINKED POLICY~ Business Standard

Kolkata: SBI Life, a 74.26 joint venture between State Bank of India and BNP Paribas arm Cardif, plans to come up with its first unit-linked policy shortly. The life insurance company is in the process of filing the product with IRDA.

  September 24, 2003   SBI LIFE TO LAUNCH UNIT-LINKED PLANS~ The Economic Times

New Delhi: SBI Life is planning to hike its capita base by Rs 100-200 crore. The hike will take place in September and be targeted to sustain the growth in business.

  August 20, 2003   SBI NOT TO SELL MORE STAKE IN ITS INSURANCE ARM~ Business Standard

Mumbai: At a time when private sector insurers are eagerly waiting for the formal clearance of the Union Budget’s foreign direct investment (FDI) hike proposal, banking behemoth State Bank of India (SBI) says it has no intention to offload more stake in its insurance arm, SBI Life Insurance Company, to its French partner, Cardif.

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