SBI Life Insurance Key Milestones (2000 - Present)

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Key Milestones


Record Growth Year (Financial Year 2019-20)

Our Company crossed the Rs. 300 billion revenue mark in Gross Written Premium


Enhanced Shareholder Value (Financial Year 2018-19)

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 (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


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.


Record Growth Year (Financial Year 2015-16)

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


Declaration of higher Dividend (Financial Year 2014-15)

Dividend increased to 12%


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


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%


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

The number of branches of our Company exceeded 500 branches


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


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


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


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


Launch of Bancassurance Channel (Financial Year 2002-03)

SBI Life launches the Banca channel

First Claim paid during the year


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.


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