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Key Milestones
FY 2024-25
Driving Sustainable Growth & Profitability
- Annualized Premium Equivalent (APE) crossed ₹200 Billion, demonstrating strong financial resilience
- Profit After Tax (PAT) surpassed ₹20 billion, focusing on operational efficiency and sustained value creation
- VoNB ~₹60 billion with 27.8% Margin. Embedded Value crossed ₹700 billion, highest among the private life insurers
FY 2023-24
Reaching every corner of India, making Insurance accessible for All
- Renewal Premium crossed ₹400 billion, reflecting trust, protection and long-term commitment
- Number of offices crossed 1000, reaching millions hearts and touching many lives
- More than 2200 k policies sourced, with a private market share of 26%, serving more than 80 Million customers
FY 2022-23
Legacy of Trust & Commitment to perform
- Individual New Business Premium crossed ₹200 billion, reinforcing position among India’s leading private life insurers once again
- Assets Under Management reached ₹3 trillion, proud milestone reflecting steady commitment to securing your financial future
FY 2021-22
Strengthening Trust, Securing Futures
- Individual New Business Premium reached ₹150+ billion, marking a strong step forward in our continued growth journey
- Renewal Premium surpassed ₹300 billion, showing enduring trust as millions continued to renew their life insurance covers
- Profit after tax (PAT) reached ₹15 billion, reflecting financial discipline, operational excellence and value creation for all stakeholders
- Launched Smart Platina - First Guaranteed Product, catering to the needs of the customers
FY 2020-21
A Journey made Meaningful by Confidence
- Assets Under Management crossed ₹2 Trillion, reflecting nationwide trust in us as one of India’s leading life insurance providers
- Gross Written Premium exceeded ₹500 billion mark, demonstrating steady progress and strengthened positioning
- Inclusion in the NSE NIFTY 50 Benchmark Index, recognizing the company as one of India’s respected financial institutions
FY 2019-20
Resilience, Care and Strength Amid Change
- Annualized Premium Equivalent (APE) and Individual New Business Premium crossed ₹100 Billion, highlighting SBI Life’s financial resilience
- Inclusion in the MSCI Emerging Markets Index. This recognition signaled a trusted position among India’s leading life insurance providers
FY 2018-19
Year of Growth and Enduring Trust
- Gross Written Premium crossed ₹300 billion, demonstrating the strength of SBI Life’s commitment to providing life insurance solutions.
FY 2017-18
Strength to Scale - Building Enduring Value
- SBI Life’s listing on BSE and NSE marked a landmark moment and demonstrated our dedication to delivering dependable life insurance solutions.
- SBI Life’s Assets Under Management crossed ₹1 trillion, reflecting deep commitment and lasting financial confidence.
- Profit after tax (PAT) surpassed ₹10 billion, reflected SBI Life’s dedication to providing value and support to your financial security.
FY 2016-17
Reaching Further, Growing Stronger
- Gross written premium crossed ₹200 billion, securing lives of millions of Indians and their loved ones
- Pan India presence with 800+ branches nationwide, making life insurance accessible across the country
- Strategic stake acquisition of 1.95% each by Value Line Pte Ltd and MacRitchie Investments Pte Ltd, reinforcing company's position for future expansion
FY 2015-16
Renewed Trust and Strengthened Foundations
- Gross written premium crossed ₹150 billion, demonstrating continued focus on both New business and Renewal Premium
FY 2012-13
Growth with responsibility and customer faith
- Assets under management crossed ₹500 billion demonstrating sustained financial discipline and customer trust
FY 2011-12
Expanding Horizons and Strengthening Growth
- The branch network exceeded 700 across India, supporting more individuals and families in accessing plans that empower them economically
- Profit after tax crossed ₹5.5 billion,showcasing financial strength and sustainability and reaffirming our credibility as consistent industry leaders
- Declared maiden dividend of 5%, a major milestone sharing success with stakeholders and highlighting commitment to joint development
FY 2009-10
A Decade of Confidence, A Future of Growth.
- Gross Written Premium crossed ₹100 billion, signifying a major milestone that reflects steady growth and the trust of millions
FY 2007-08
A Year of Strength, Stability and Breakthroughs
- Gross Written Premium crossed ₹50 billion with steady advancement and customer network expansion
- Assets Under Management crossed Rs.100 billion, reflecting financial strength
FY 2005-06
Recognition Rooted in Trust
- Gross Written Premium crossed ₹10 billion, reaching millions and spreading financial security
- Profit after Tax (PAT) exceeded ₹20 million, becoming the first new-generation private life insurer in India to make a net profit within six years of commencing business
FY 2004-05
Growing Stronger, Together
- Assets under management crossed ₹10 billion. The first major milestone reflecting rising customer trust and expanding financial strength
- Launch of Unit-linked product introduced flexible life solutions combining financial security with growth opportunities
FY 2003-04
Innovation and Growth Takes Centre Stage
- Gross written premium crossed the ₹2 billion milestone , marking a key step toward becoming one of India’s most preferred life insurers
FY 2002-03
Steadfast commitment with defined purpose
- Launch of the Bancassurance channel extended SBI Life’s presence through SBI branches, offering life insurance solutions directly to millions
- The first claim was settled, denoting a defining moment that reflected company's steadfast commitment to it's customers
FY 2001-02
One Year of buiding Momentum
- Completed one full year of operation with a GWP of ₹147 million
- Through 739 advisors, our growing and committed network established its presence, helping us guide more Indians towards financial security.
FY 2000-01
The Foundation and Beginning of SBI Life
- Operations officially began, marking the start of SBI Life’s journey to provide reliable solutions to families across India
- Incorporated on 11th October 2000 under the Companies Act, 1956, with committment to supporting your financial well-being
- On 29th March 2001, final IRDAI approval authorized SBI Life to hold R3 license, enabling commencement of operations across India
- With an initial equity of ₹125 crore (State Bank of India holding 74% and BNP Cardif 26%), a strong foundation was laid
- Joint venture with BNP Cardif, leveraging global experience to provide trusted life-long security in India
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