Annual Report 2018-19

Protecting Responsibilities Multiplying Happiness

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We have always focused on delivering customer-centric insurance solutions since inception.

Our differentiated approach to understand our customers better and cater to their underlying needs has set us apart. At SBI Life, we take pride in providing a well-diversified suite of products that cover the entire lifespan of our customers.

26%

`137.92billion

New business
premium (NBP)

21%

`1,410.24billion

Assets under
management (AUM)

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Our customers belong to different age groups, life stages and socio-economic backgrounds,

but our promise of safeguarding what they cherish through our products cuts across the diverse pool. As they move forward to take on bigger responsibilities, we help them to protect their loved ones, so that they can focus on enjoying every phase of their life.

15%

`13.27billion

Profit After Tax (PAT)

16%

`75.76billion

Net worth

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Introducing our Capitals

The resources
we optimise

FINANCIAL CAPITAL

Our prominent financial resources include equity and internal accruals. We aim to create sustainable value for our stakeholders by optimally utilising our financial capital, strengthening our balance sheet and generating robust cash flows.

`10billion

Equity Share Capital

`65billion

Reserves and Surplus

NIL

Borrowings/Debt

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About us

SBI Life at a glance

WHO WE ARE

Formed in October 2000, SBI Life Insurance Company (SBI Life) is registered with the Insurance Regulatory and Development Authority of India (IRDAI) since March 2001 and operate in the life insurance industry. SBI Life is listed on the Bombay Stock Exchange('BSE') and the National Stock Exchange('NSE').

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WHAT WE DO

We offer a range of savings and protection products catering to individual as well as group customers through traditional and unit linked plans. Our products encompass life, annuity, health, pension and variable insurance.

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WHERE WE OPERATE

We have a wide network of 908 offices spread across the country with 14,961 employees. We also have tie-ups with 76 corporate agents,17 banca partners and 99 brokers, along with 184,452 trained insurance personnel, catering to our wide customer base.

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WHERE WE STAND

The life insurance industry has 23 private players and we are the leading private life insurer in terms of Individual Rated Premium.

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Chairman’s perspective

Securing the
future together

Dear Shareholders,

Rajnish Kumar

Chairman

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MD’s message

Creating happiness
responsibly

Dear Shareholders,

Sanjeev Nautiyal

Managing Director and Chief Executive Officer

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Key performance indicators

Maintaining healthy
momentum

INCOME

Gross Written Premium (` billion)

158.26
87.19 24.76 46.31
FY16 		210.15
108.71 39.37 62.07
FY17 		253.54
143.88 28.27 81.39
FY18 		329.89
191.97 47.35 90.57
FY19
First Year Premium Single Premium Renewal Premium

New Business Premium (` billion)

71.06
6.30 16.49 48.27
FY16 		101.43
4.87 32.84 63.72
FY17 		109.66
6.00 20.20 83.46
FY18 		137.92
16.43 28.84 92.65
FY19
Individual Saving Group Saving Protection

New Busniess APE (` billion)

50.45
5.27 2.11 43.07
FY16 		67.27
4.26 3.65 59.36
FY17 		85.38
4.52 2.38 78.48
FY18 		97.02
6.65 3.21 87.16
FY19
Individual Saving Group Saving Protection
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