DISTRIBUTION

TOGETHER INSUCCESS

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

29

Offices

6,805

Individual agents

1,137

Specified Persons (SPs)

AS ON MARCH 31, 2020

15

Bancassurance partners

102

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

`30 lakhs

FY20

`35 lakhs

Ticket size
 

FY19

`71,000

FY20

`82,000

Agency

Productivity per agent

FY19

`2.5 lakhs

FY20

`2.6 lakhs

Ticket size

FY19

`51,000

FY20

`57,000

OTHERS (excl. Direct business)

Number of policies

FY19

29,910

FY20

50,913

Ticket size

FY19

`40,000

FY20

`51,000