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Key Milestones

 
Financial Year 16-17:
 
SBI Life Insurance wins ‘Life Insurance Company of the Year’ and ‘Bancassurance Leader Life Insurance (Large Category)’ at the Indian Insurance Awards 2016 organised by Fintelekt.
 
Mr. Sangramjit Sarangi conferred ‘The India CFO Award for Excellence in Financial Control and Corporate Governance’.
 
SBI Life Insurance wins LIMRA LOMA Silver Bowl Award 2016 under Best Use of Social Media from a Company Operating Outside of the U.S. category
 
Financial Year 15-16:
 
Won the ‘The Indian Insurance Awards 2015’ for under -served Market Penetration, Life Insurance (Large Companies Category).
 
Adjudged the Best Life Insurance Company (Private Sector) at the Lokmat BFSI Awards 2015 by World HRD Congress.
 
Won ‘Marketing Campaign of the Year’ award for Excellence in Branding and Marketing at 6th CMO Asia Awards.
 
Won TISS Leapvault CLO Award 2015 for Best Program for Sales Enablement.
 
Won Knowledge Management Leadership Award 2015 for “Use of Best Training Methods for Knowledge Management at the 14thAsia Pacific HRM Congress.
 
SBI Life once again adjudged as one of the ’Most Trusted Brand, 2015’ for the fifth consecutive year by The Economic Times Brand Equity - Nielsen survey.
 
Won IndIAA Awards 2015 for ‘Best Advertisement’ under the ’insurance category’.
Won ‘Brand Excellence Award in Life Insurance (Private Sector)’ at the CMO Asia Awards 2015.
 
Won the ’Golden Peacock Award for Risk Management’ for the year 2015.
Won award in ‘Best HR Technology’ category ​ ​at ‘Inspiring Work Places Conference 2015’.
Achieved ‘Gold’ level of recognition in the Aarogya Healthy Workplace Award 2015.
Adjudged the "The Economic Times Best Corporate Brands 2016".
SBI Life wins Prime Time Award 2015 (Bronze) for the Great Dad advertising campaign under the ‘Best Creative Advertising – Single Ad or Campaign’ category in the BFSI sector.
SBI Life wins ‘Stars Of The Industry Award for Excellence In Life Insurance’.
SBI Life awarded ‘Golden Peacock National Quality Award’ for the year 2015 at IOD India’s ‘26th World Congress on Leadership  For  Business  Excellence  & Innovation’.
SBI Life wins ‘HR Technology Excellence’ Award at World HRD Congress 2016.
Financial Year 14-15:
 
Adjudged the "The Economic Times Promising Brands 2015".
 
Ranked as ‘Most Trusted Private Life Insurance Brand’ by The Economic Times, Brand Equity and Nielsen Survey 2014 for the fourth consecutive year.
 
Adjudged ‘Best Life Insurance Provider 2014’ – Runner up by Outlook Money.
 
Won ‘Best Life Insurance Company Award’ by Asia Banking, Financial Services and Insurance Excellence 2014.
 
SBI Life awarded ’Platinum Award for Excellence in Life Insurance’ by Skoch Financial Inclusion and Deepening Awards 2014.
 
Won ’Non-Urban Coverage - Life Insurance’, by Indian Insurance Awards 2014.
 
  1. Won, ‘Best Training Provider of the Year’ by The Golden Globe Tigers Award 2015.
  2. Awarded for ‘Best Practice in Learning Transfer for Improving Business Bottom Line’,    by The Golden Globe Tigers Award 2015.
Won ‘Golden Peacock National Training Award, 2014’.
 
  1. Awarded for ‘Excellence in HR through Technology’ at World HRD Congress 2015.
  2. Awarded for ‘Best HR Strategy in line with business’ at World HRD Congress 2015.
  3. Awarded for ‘Managing Health at work’ at World HRD Congress 2015.

Won ‘Inspiring Work Place Award 2014’ in BFSI by Banking Frontiers.
 
Won ‘FINNOVITI – Digital Innovation Award 2015’ for Connect Life at International Banking Expo 2015.
 
Won Innovation Awards for ’Online Recruitment Solutions’ by BNP Paribas Cardif.
 
Won Innovation Awards for ’Creating New Markets using existing products: QROPS’ by BNP Paribas Cardif
 
Won Innovation Awards in the category “Innovation for the Distributors” for "SBI Life - Smart Advisor - Mobile Application, by BNP Paribas Cardif.
 
Received ISO 22301 Certification for Business Continuity Management System.
 
Won Plaque for commended Annual Report from Institute of Chartered Accountants of India (ICAI) for Excellence in Financial Reporting, 2013 -2014.
 
Mr.Sangramjit Sarangi awarded the CFO 100 Roll of Honour Award in the Risk Management Category
 
Financial Year 13-14:
 
’Most Trusted Private Life Insurance Brand 2013’ by The Economic Times, Brand Equity and Nielsen Survey
Most Trusted Brand identifies brand which posses the most special ingredient - the Consumer’s Trust.
 
’Best Life Insurance Provider 2013 – Runner Up’ by Outlook Money
The Outlook Money Awards recognise excellence in Financial Services.
 
Indian Insurance Awards 2013:
’Under-served Market Penetration Award 2013’ (Private Sector):

for being pro-active in terms of reaching out to customers in relatively under-penetrated states and regions in India.

"Claims Service Company of the Year Award 2013" (Private Sector): SBI Life has demonstrated effective and speedy claims settlement while maintaining high levels of client service, satisfaction and focus in handling claims in FY 2012-13, setting up a benchmark for the industry to follow.
 
’Global Performance Excellence Award 2013’ by Asia Pacific Quality Organisation (APQO)
SBI Life has achieved a unique distinction by featuring amongst the nine organisations from six Asian and Pacific Rim Countries to be recognised as exemplary companies of world class quality performance.
 
’Digital Inclusion Skoch Awards 2013’
SBI Life received the award for the project - Enabling partners to collect premium through Electronic Fund Transfer - Cash & Direct Debit. The award recognises best practices in the fields of governance, finance, banking, technology, corporate citizenship, economics and inclusive growth.
 
’Communication Excellence Award 2013 at 4th CMO Asia Awards’
SBI Life received the award for the project - Represented by 25 countries across Asia, CMO Asia Awards recognises organisations for displaying leadership in strategic communication combined with consistent innovation.
 
’Recognised amongst Top-50 Great Places to Work’
SBI Life was ranked 36th amongst Great Places to work in India. India’s Best Companies to Work for Study 2013, the largest study in the country on workplace culture, attracted participation from around 550 organisations spanning across 22 industries.
 
BFSI (Banking Financial Services and Insurance) 2014 Awards
’The Most Admired Life Insurance Company in the Private Sector’
’The Best Life Insurance Company in the Private Sector’

The BFSI Award recognises the best performances of various Banking, Finance and Insurance Services. The award focuses on best of the best practices of the BFSI industry based on the strategy, security, customer service and the future technology challenges and innovations.
 
Awards at the World HRD Congress:
’Dream Company To Work For 2014 in Private Insurance’
’Dream Employer of the Year 2014’ - Ranked 4th
’Employer Branding Award 2014’ for Talent Management

World HRD Congress is the largest rendezvous of HR Professionals from across the world. It recognizes the organisations with best HR Practices across the globe.
 
’Training Provider of the Year Award’ at Asia’s Training & Development Excellence Awards 2013
The award is conferred by World HRD Congress and endorsed by Asian Confederation of Business.
 
’ISO 27001 Certification for Information Security Management System’ (ISMS)
 
’ISO 9001:2008 Certification for Quality Management Systems for Planning, Designing and Developing Training Programs’
 
Financial Year 12-13:
 
"Most Trusted Private Life Insurance Brand, 2012", for the second consecutive year, by The Economic Times, Brand Equity and Nielsen, Most Trusted Brands 2012
 
Won the coveted Indian Merchant Chamber (IMC) Ramkrishna Bajaj National Quality Award, 2012 in &Service Sector’
 
Awarded The Indian Insurance Award 2012 - Claims Service of the Year Award and Under-Served Market Penetration Award
 
Awarded the Dun & Bradstreet - PSU Award 2012 for the "Top Indian Public Sector Enterprise" in the Insurance sector
 
Won the "Best Employer" Brand Award at IPE BFSI Awards
 
CRISIL has reaffirmed its AAA / Stable rating to SBI Life, indicating highest financial strength to meet policyholder obligations
 
ICRA has reaffirmed its iAAA rating indicating highest claims paying ability and a fundamentally strong position
 
Received ISO 10002: 2004 Certification for Complaints Management System (CMS)
 
Financial Year 11-12:
 
Awarded the most coveted NDTV Profit Business Leadership Award, twice in a row, 2010 & 2011.
 
Awarded ‘Most Trusted Life Insurance Brand - II  By The Economic Times, Brand Equity and Nielsen, Most Trusted Brands 2011.
 
Globally topped the prestigious Million Dollar Round Table (MDRT) for having the maximum number of MDRT members, for three years consecutively.
 
CRISIL reaffirmed its AAA / Stable rating to SBI Life,  indicating highest financial strength to meet policyholder obligations.
 
ICRA reaffirmed its iAAA rating indicating highest claims paying ability and a fundamentally strong position.
 
Won one of the most prestigious quality distinction, IMC Ramkrishna Bajaj National Quality Awards 2011- "Certificate of Merit"
 
Awarded Silver Shield by ICAI for Excellence in Financial Reporting for FY 2010 – 11 under the Insurance category.
 
Won  ’Best Presented Accounts Award‘ by The South Asian Federation of Accountants (SAFA), in the Insurance Category for the Annual Report FY 2009-10.
 
Financial Year 10-11:
 
SBI Life won the coveted Bloomberg UTV Financial Leadership Award 2011 - "Life Insurer of the year".
 
Won the most coveted NDTV Profit Business Leadership Award 2010.
 
Globally topped the prestigious Million Dollar Round Table (MDRT) 2010 for having the maximum number of MDRT members.
 
Awarded the Gold Shield by Institute of Chartered Accountants of India (ICAI) for Excellence in Financial Reporting.
 
Won the ‘ICS Quality Champion Award 2010’ for Continual Quality Improvement.
 
Adjudged Best Life Insurer 2010 - Runner Up by Outlook Money.
 
Launched an innovative customer care initiative - SMS ‘SOLVE’ for prompt Grievance Redressal.
 
Appraised at Maturity level 3 of Capability Maturity Model Integration (CMMI) Version 1.2 for its ISG Division.
 
ICRA reaffirmed ’iAAA’ rating to SBI Life, indicating highest claims paying ability and meeting policyholders obligations.
 
CRISIL, country’s leading rating agency, reaffirmed its highest financial rating AAA/Stable to SBI Life.
 
 
Financial Year 09-10:
 
Reported a robust Net Profit of Rs.276 Crores.
 
Crossed Rs.10,000 Crores in Gross Written Premium (GWP).
 
Assets Under Management (AUM) grew by 96% to Rs.28, 551 Crores.
 
Globally topped the prestigious MDRT 2009 for having Maximum number of MDRT Members.
 
ICRA reaffirmed iAAA rating to SBI Life indicating highest claims paying ability.
 
Awarded ISO Certification (ISO/IEC 27001:2005) for Information Security Management System (ISMS).
 
Retained ISO 9001:2000 certificate for superior claim settlement process.
 
 
Financial Year 08-09:
 
Ranked among global top three in terms of number of Million Dollar Round Table (MDRT) members.
 
Bagged the coveted personal finance award-Outlook Money NDTV Profit "Best Life Insurer 2008".
 
CRISIL, country’s leading rating agency, reaffirmed its highest financial rating AAA/Stable to SBI Life. In 2007, SBI Life became the first life insurer in India to receive this rating from CRISIL.
 
ICRA assigned iAAA rating indicating highest claims paying ability to SBI Life Insurance.
 
Retained ISO 9001:2000 certificate for superior claim settlement process.
 
 
Financial Year 07-08:
 
Ranked amongst global top five life insurance companies in the number of MDRT members.
 
Rated as the ’The Most Trusted Private Life Insurer’ according to a survey conducted by Brand Equity in association with AC Nielsen ORG-MARG and the Economic Times Intelligence Bureau.
 
Received the highest financial rating ’AAA’ from CRISIL.
 
Forayed into micro insurance with the launch of ’Grameen Shakti’ in Bhubaneshwar, Orissa for the economically underprivileged sections of society.
 
Received ISO 9001: 2000 certification for superior claim settlement process.
 
Received CMMI Level 3 certification for IT processes and software development capabilities.
 
 
Financial Year 06-07:
 
Second consecutive year of Profitability
 
More than 6.40 Million lives covered
 
 
Financial Year 05-06:
 
Reported a robust net profit of Rs. 2.02 Cr
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