SBI - Life Integrated Annual Report 2020/21

WHO WE ARE

A commitment to
secure the future

SBI Life is one of India’s leading private life insurers. Backed by our robust distribution network and strong understanding of needs and aspirations, we offer a comprehensive range of protection, child, saving, ULIP and retirement products to individual and group customers.

Our unparalleled reach

17,464

Employees

57

Corporate agents

14

Bancassurance partners

225,381

Trained insurance personnel

107

Brokers

21.8%

Private market share in Individual NBP

22.6%

Private market share in Individual Rated Premium

947

Offices across India

36mn+

Lives Covered (in force)

11.9%

Share of Protection NBP

Vision

To be the most trusted and preferred life insurance provider.

Mission

To emerge as a leading company offering a comprehensive range of life insurance and pension products at competitive prices, ensuring high standards of customer satisfaction and world-class operating efficiency, thereby becoming a model life insurance company in India in the post-liberalisation period.

Philosophy

Our Company’s philosophy is based on the five core values of trustworthiness, ambition, innovation, dynamism and excellence. We strive to make insurance accessible to all, providing world class innovative services while ensuring utmost commitment to ethical standards, professional integrity, corporate governance, regulatory compliance and keeping the best interest of customers at the forefront.

Ethics

We have adopted the best practices which have percolated throughout our operations, starting from the top management and are committed to being ethical, just and with integrity in all our dealings. We have stringent policies and a defined code of conduct, applicable to our workforce including all directors, senior management and employees which lays down principles to act in accordance with the highest standards of personal and professional integrity, honesty, ethical and legal conduct.