Key Milestones
Individual New Business Premium crosses mark of ₹ 150 billion.
Assets under Management achieves milestone of ₹ 2.5 trillion.
Renewal Premium crosses mark of ₹ 300 billion mark.
Company clocked in profit after tax of ₹ 15 billion.
Individual New Business Premium crosses mark of ₹ 150 billion
AUM achieves milestone of ₹ 2 trillion.
Assets under Management achieves milestone of ₹ 2 trillion.
Included in Benchmark index of NSE - NIFTY 50.
Individual New Business Premium crosses ₹ 100 billion mark.
Inclusion in the MSCI Emerging Markets Index.
New Business Annualised Premium Equivalent (APE) & Individual New Business Premium crosses ₹ 100 billion mark.
Record Growth Year.
Our Company crossed the Rs. 300 billion revenue mark in Gross Written Premium
Enhanced Shareholder Value
SBI Life got listed on BSE and NSE
Total Asset under Management (AuMs) of our Company crossed Rs. 1 trillion
Our Company clocked in profit after tax of Rs. 10 billion
Assets under Management cross Rs 1,00,000 crores.
Achieves AUM (Assets Under Management) milestone of Rs 1,00,000 crores – Rs 1,01,226 crores
Pan-India presence with network of 801 branches as on March 31, 2017
Record Renewal Premium Collection.
Renewal Premium Collection crosses milestone of Rs 10,000 Crores – Rs 10,871 Crores
Value Line Pte Ltd and McRitchie Investments Pte Ltd. bought stake of 1.95% each from SBI.
Record Growth Year.
GWP (Gross Written Premium) crosses milestone of 15,000 Crores – Rs 15825 crores
Declaration of higher Dividend.
Dividend increased to 12%
Assets under Management cross Rs 50,000 crores.
Achieve AUM (Assets Under Management) milestone of Rs 50,000 crores – Rs 51,912 crores
The number of branches of our Company exceeded 750 branches
Profits cross Rs 500 crores.
Achieves milestone of Profit after Tax of Rs 500crores – Rs 556 crores
Declared Maiden Dividend of 5%
Number of branches exceeded 500 branches.
The number of branches of our Company exceeded 500 branches
GWP (Gross Written Premium) crosses Rs 10,000 crores benchmark.
GWP (Gross Written Premium) crosses milestone of Rs 10,000 crores - Rs 10,104 crores
Ranked No 1 globally in MDRT membership
Wipes of entire accumulated loss, GWP (Gross Written Premium) benchmark of Rs 5000 crores achieved.
GWP (Gross Written Premium) crosses milestone of Rs 5000 crores - Rs 5622 crores.
AUM (Assets Under Management) crosses milestone of Rs 10,000 crores - Rs 10160 crores.
Company achieves cumulative breakeven wiping out all accumulated losses.
Share capital increased by Rs 500 crores to Rs 1000 crores
Maiden Profit.
First new generation Private Life Insurance Company to make profit: PAT for the year is Rs 2.03 crores
Launch of Unit Linked Product.
AUM (Assets Under Management) crosses Rs 1000 crores for the first time
Horizon unit linked product launched in Jan 2005
Launch of Bancassurance Channel.
SBI Life launches the Banca channel
First Claim paid during the year
Actual Commencement of Business.
New Business Premium written in the year Rs 14.69 crores.
Policies Sold only through agency channel with 719 Advisors working for the company at the end of the year.
Startup Information.
SBI Life Insurance Co. Ltd. incorporated under Companies Act,1956 on 11th October 2000 Joint Venture agreement signed with BNP Cardif on 27 Feb 2001.
Initial Equity Capital Rs 125 crores on March-2001 (74% SBI and 26% BNP Cardif)
Final approval to commence business (R3) received from IRDAI on 29-Mar-01