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Key Milestones

2017

Assets under Management cross Rs 1,00,000 crores (Financial Year 2017-18)

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

2016

Record Renewal Premium Collection (Financial Year 2016-17 )

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.

2015

Record Growth Year (Financial Year 2015-16)

GWP (Gross Written Premium) crosses milestone of 15,000 Crores – Rs 15825 crores

2014

Declaration of higher Dividend (Financial Year 2014-15)

Dividend increased to 12%

2012

Assets under Management cross Rs 50,000 crores (Financial Year 2012-13)

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

2011

Profits cross Rs 500 crores (Financial Year 2011-12)

Achieves milestone of Profit after Tax of Rs 500crores – Rs 556 crores

Declared Maiden Dividend of 5%

2010

Number of branches exceeded 500 branches (Financial Year 2010-11 )

The number of branches of our Company exceeded 500 branches

2009

GWP (Gross Written Premium) crosses Rs 10,000 crores benchmark (Financial Year 2009-10)

GWP (Gross Written Premium) crosses milestone of Rs 10,000 crores - Rs 10,104 crores

Ranked No 1 globally in MDRT membership

2007

Wipes of entire accumulated loss, GWP (Gross Written Premium) benchmark of Rs 5000 crores achieved (Financial Year 2007-08)

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

2005

Maiden Profit (Financial Year 2005-06)

First new generation Private Life Insurance Company to make profit: PAT for the year is Rs 2.03 crores

2004

Launch of Unit Linked Product (Financial Year 2004-05)

AUM (Assets Under Management) crosses Rs 1000 crores for the first time

Horizon unit linked product launched in Jan 2005

2002

Launch of Bancassurance Channel (Financial Year 2002-03)

SBI Life launches the Banca channel

First Claim paid during the year

2001

Actual Commencement of Business(Financial Year 2001-02)

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.

2000

Startup Information (Important Events of Financial Year 2000-01)

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