At SBI Life, we believe that our ability to deliver long-term value stems from the trust of our customers, business partners, employees and other stakeholders. This has enabled us to build a strong foundation that can withstand challenges and propel our transition to an inclusive future.
Read MoreWe deploy the best-in-class technologies to strengthen our system and provides while providing a seamless, safe and elevated omnichannel experience to our customers. We aspire to become a ‘truly digital’ organisation by making our IT infrastructure more robust and leverage the power of next-generation digital technologies like Artificial Intelligence (AI), Machine Learning, Data Analytics, among others.
Read MoreThe global pandemic that disrupted the way of life in 2020 continues to impact individuals and businesses. The heightened economic uncertainty and evolving risk factors tested the resilience and relevance of business models across industries. Our response was swift and comprehensive, keeping in mind the safety of our employees, customers, and other stakeholders while ensuring uninterrupted operations.
Read MoreEquity share capital
Reserves and surplus
Gross Written Premium
Profit After Tax
ROE
Net Worth
Capex for new offices, branches
Land and Buildings as on March 2021
Furniture and equipment as on March 2021
Offices
Policies issues in FY21
Reduction in grievances from 26 to 17 per 10,000 policies issued in FY21 as compared to FY20
Spends on technology
Spend on software
New products approved
Renewal premium collection through digital mode
of total individual applications submitted digitally
Spends towards employee training
Number of courses an employee trained
Employee successfully completed monthly skill assessment process
Revenue generated per employee
Average number of years spent by an employee in the Company
New policies issued in rural areas
Premium
New policies issued in social sector
Premium
CSR spend
CSR beneficiaries
Total contribution under PM Relief and Disaster Relief:
CSR partners
Number of business partners
(Banks, Agents, Broker, CIFs and Specified persons)
Key resources used - Water, Land and Power
Paper recycled (newspapers/magazines collected)
LEED-certified buildings
Plastic bottle recycling:
Waste paper recycling
Paperless transactions:
of individual applications submitted digitally
We have thoughtfully redefined our strategies and made well informed decisions to remain relevant to all our stakeholders. We believe economic growth should create opportunities for all, which is why we are focused on building partnerships that foster inclusive growth across our value chain.
Read MoreIntegrity, excellence and ethics are the guiding principles of our Corporate Governance philosophy. At SBI Life, the Board plays a key role in setting a strategic direction, and for embedding ethics and sustainability in our core values along with identifying, mitigating and managing Environmental, Social and Governance (ESG) risks and material issues.
Read MoreThe life insurance industry in India is one of the fastest growing sectors. Although the pandemic has significantly altered consumer behaviour and expectations, the key factors driving the long-term potential of India’s life insurance industry remains intact.
Read MoreAs an insurance company, we cover life, health and longevity risks of our policyholders. We invest the premiums received and provide long-term returns to our customers.
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