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Home > 2006 News
2006 News
  Date   Heading
  October 31, 2006   Its premium not early start that counts While buying term insurance, one should go for a plan with lower premiums - DNA - Daily News and Analysis

They were married for around two months and he was still trying to put the financial aspects in place. He had been working since the age of 20, but had never bothered to buy insurance as he was single with no dependants. His parents were well off and buying insurance would have been a waste of money.

  October 30, 2006   Big Bucks: Inv. Guide - Securing tomorrow- The Economic Times

Unit-Linked insurance plans (Ulips) are the most talked-about products in the insurance industry these days. The buoyancy in the stock market has generated a lot of interest in equities and related products. Investors not interested in equities could either take a look at debt-based Ulips or traditional insurance products like endowment plans. ET Investor’s Guide looks at an endowment policy, the SBI Life Insurance - Sudarshan.

  October 29, 2006   Interview of the Week - S Krishnamurthi :'The need for retirement planning assumes great importance' The Financial Express - FE Investor

The life insurance sector is buzzing in India, more players are entering and existing players are trying to consolidate their stand in the highly competitive market. S Krishnamurthi, CEO and MD, SBI Life Insurance Company spoke with Nikhil Walavalkar of The Financial Express on the emerging trends in the business and SBI Life's strategies. Excerpts:

  October 28, 2006   Premium-guaranteed plan will bleed you- DNA Money

It makes more sense to go for a term plan with no survival benefit
MUMBAI: God and devil, they say, is in the detail. And Shalin Saxena was just finding that out. A little bit of research had told him that premium-guaranteed term insurance plans just did not make sense.

  October 16, 2006   Big Bucks: Inv. Guide - In a league of its own- The Economic Times

Horizon II is the latest unit-linked insurance plan (Ulip) offered by SBI Life. It has a distinct feature of automatic asset allocation, under which, as the policy approaches maturity, the amount invested in equities is gradually reduced and put into money market and bond funds; thereby reducing portfolio risk with the passage of time. 

  September 23, 2006   'Mission codename to help SBI Life on bancassurance Code-named projects in SBI branches the strategy DNA - Daily News and Analysis

As the mad rush of life insurance companies to garner handsome premiums through bancassurance continue, SBI Life seems to be leveraging heavily on State Bank of India (SBI) and its associate banks. Almost 85% of the new bancassurance business of SBI Life comes from the SBI Group.

  September 07, 2006   SBI Life On Expansion Spree- The Hindu Business Line

SBI Life Insurance is on an expansion blaze in Tamil Nadu. Its Agency Channel has plans to strengthen its operations in Nagercoil, Salem, Erode, Vellore and Pondicherry aimed at making deeper inroads to harness the potential in the State, according to Sr. Vice-President- Retail And Corporate Agency, Mr Rajiv Gupta. He said a target of over Rs 1,000 crore of total premium has been set for FY 06-07 and Tamil Nadu, which already had five branches, is expected to contribute over 20 per cent to the total business during this year.


  August 30, 2006   SBI Life eyes Rs 1,000 cr premium income - Business Standard

SBI Life Insurance has set an ambitious target of earning over Rs 1,000 crore of premium income for the financial year 2006-07 through the agency channel of SBI Life, Rajiv Gupta, senior vice-president (retail) and corporate agency, said here today

  August 25, 2006   SBI's network is a huge plus' - Business Standard

Falaknaaz Syed SBI Life Insurance Company is the first among the 14 life insurance companies in the private sector to post a net profit in 2005-06. In a free-wheeling interview with Falaknaaz Syed, the five-year old company’s Managing Director and CEO S Krishnamurthy spoke on its future plans. Excerpts: There are life insurance players much more aggressive than you and they have still not been able to break even....
Our success is largely on our channel strategy and product strategy. 

  August 20, 2006   Personal Finance Corner - Endowment plans or ULIPs? The Financial Express

When it comes to insurance as an investment tool ’Young India’ likes to go in for unit linked insurance plans (ULIPs) over traditional endowment plans. Why? The reason is simple. For riding on the strong markets performance over the last three years, ULIPs have given better returns over endowment plans.

  August 13, 2006   Markets - Protection but no money back - The Financial Express

Uncertainties in life have increased by manifold and so has the demand for an insurance cover. However, the choice for an insurance plan depends on different requirements of an individual.

  August 10, 2006   SBI Life Insurance for aggressive expansion - Pioneer

State Bank of India, the largest public sector bank of India, is all set to become the largest life insurance company as well. Opened just four years ago SBI Life Insurance is now the country’s third largest life insurance company in terms of premium, mobilising Rs 29.74 crore in the fiscal year 2005-06 and first in terms of lives covered, covering more than 1.13 lakh lives. In total more than 3.71 lives have been covered in the State with premium collections of more than Rs 110 crore.

  August 09, 2006   Money & Banking - SBI Life to line up new products - The Financial Express

SBI Life is expanding its business and network with an aim to become the top life insurance company among the private players in next two years. The company is now ranked fourth amongst its private peers in terms of business premium income

  August 09, 2006   Sbi Life To Open More branches In Eastern Region - Hindu Business Line

SBI Life Insurance, a subsidiary of State Bank of India, has set a target of achieving a business premium of Rs 2,500 crore in this fiscal by launching innovative products, opening more number of branches and increasing its sales force, the company’s Managing Director, Mr S. Krishnamurthy, said here on Tuesday.

  August 07, 2006   Bancassurance Model Pays Off For Sbi Life Hindu Business Line

To hike its capital base by Rs 100 crore in H2
As the MD and CEO of SBI Life - the first private life insurance company to break even since privatisation - Mr S. Krishnamurthy has proved his detractors wrong about the viability of the bancassurance model. Bancassurance has been cost-effective and helped the company make profits for the first time.

  July 24, 2006   SBI Life to up capital to Rs 500 cr - Business Standard

SBI Life will enter the micro-insurance segment this year and infuse a capital of Rs 100 crore to increase its paid-up capital to more than Rs 500 crore.

  July 11, 2006   SBI Life to foray into pensions ULIPs - Deccan Chronicle

Hyderabad, July 10: SBI Life Insurance Company Limited, a joint venture by State Bank of India and Cardif SA of France, will be increasing its focus on the pensions and corporate insurance segments, launching unit-linked plans for pensioners and for employees of the corporate sector, Mr S. Krishnamurthy, managing director and chief executive officer of the company, said on Monday.

  July 11, 2006   SBI Life to focus on pensions, insurance - Asian Age

Hyderabad, July 10: SBI Life Insurance Company Limited, a joint venture by State Bank of India and Cardif SA of France, will be increasing its focus on the pensions and corporate insurance segments, launching unit-linked plans for pensioners and for employees of the corporate sector, Mr S. Krishnamurthy, managing director and CEO of the company, said on Monday.


  July 09, 2006   SBI Life To Increase branch Network - Hindu Business Line
SBI Life Insurance plans to expand its presence in the country by increasing its branch network from 61 to 150 by the end of the current year. With this, the company will have a presence in 113 cities up from 53 where it is present today.
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