Over the past two decades, we have built a formidable ecosystem of partners in progress through our strategic distribution network comprising branches, bancassurance channels and agents. This network enables us to understand our customers better and design products and solutions suited to meet their protection and savings needs. We also partner with banks, financial institutions and corporates to co-create a shared future. Our regular training sessions and upskilling initiatives for distributors result in enhanced productivity and potential.
ADDITIONS IN FY20
Offices
Individual agents
Specified Persons (SPs)
AS ON MARCH 31, 2020
Bancassurance partners
Brokers
At SBI Life, we believe in becoming stronger together and delivering superior and seamless experiences for our customers.
Number of agents and CIFs (in ‘000)
Bancassurance
Productivity per branch
(Individual NBP)
FY19
FY20
Ticket size
FY19
FY20
Agency
Productivity per agent
FY19
FY20
Ticket size
FY19
FY20
OTHERS (excl. Direct business)
Number of policies
FY19
FY20
Ticket size
FY19
FY20