COMMUNITY
Building an equitable world
Empowering communities around areas of our business operations, has been pivotal for SBI Life. We work actively to drive overall development and wellbeing of these communities through a two-fold approach: providing insurance solutions to the unorganised sector and undertaking multi-faceted Corporate Social Responsibility (CSR) activities to improve community wellbeing.
MATERIAL ISSUES
DEMOCRATISING ACCESS TO LIFE INSURANCE PRODUCTS
| Sector | Particulars | Year ended March ,31 2022 | Year ended March ,31 2021 |
|---|---|---|---|
| Rural |
Number of New Policies % of rural sector policies to total policies Premium Underwritten (₹ in mn) |
5,51,652 28.68% 32,873.06 |
4,40,907 26.61% 23,213.99 |
| Social |
Number of New Policies (including group business) Number of New Lives Premium Underwritten (₹ in mn) Social sector lives as a % of total lives Social sector lives as a % of total lives of preceding financial period/year |
430 8,21,491 97.14 5.26% 6.67% |
592 5,71,378 93.57 4.64% 6.38% |
| Total |
Number of New Policies Number of New Lives |
1,923,243 15,611,604 |
1,656,891 12,313,079 |
SBI Life’s CSR Focus Areas
Primary Education
Healthcare for women and children
Literacy for women and children
SBI LIFE'S CSR FOCUS AREAS
Rural Development
Environment
Healthcare
Skill Development
Disaster relief
Child education
We support the education of children from disadvantaged backgrounds with educational aid. Differently abled children were supported with special education and therapy. We also supported various institutions towards upgrading their basic functional infrastructure to improve the learning environment.
- SBI Life supported the cost of education and overall development of the underprivileged children
- We provided support towards the cost of education, infrastructure improvement, therapy aids and overall development of differently abled children, to give equal opportunity of learning
- We also supported vocational training of underprivileged youth and women to make them self-reliant
300
Underprivileged, differently abled kids were supported with special education and therapy
728
Children were impaired training on personal safety
270
Children suffering from leprosy were supported with education, training, nutrition, and counselling
20
Girls rescued from traumatic experiences like child labour/ physical or psychological abuse/ trafficking
2,485
Stakeholders oriented and trained on prevention of child sexual abuse
470
Underprivileged children were provided with quality education
Healthcare
We support healthcare activities to facilitate access to basic healthcare services for improved community health outcomes by ensuring:
- Medical infrastructure to government / charitable hospitals
- Sponsoring cost of treatment/ medical aid to underprivileged children
- Providing financial support towards the treatment of vision, cataract, etc. of people from underprivileged, rural, and tribal areas
- Ensuring healthy new lives of babies and improving health of pregnant and lactating women through a 1,000-day programme
- Partnering with Action Against Hunger to work towards prevention of malnutrition and ensuring healthy childhood in Madhya Pradesh (Dhar District) and Rajasthan (Baran)
70,000
Beneficiaries supported through our fight against child malnutrition
Environment Conservation
As a step towards environment conservation, SBI Life has extended support to create a dense forest with native plants in Mumbai, Maharashtra. This forest will play a crucial role in restoring ecological balance by providing habitat for many bird species.
Battling malnutrition
SBI Life’s welfare intervention at Dhar, Madhya Pradesh came to the rescue of 7-month-old Shubham.
The family migrated to a different location in search of livelihood. Post-migration when they returned to the village, Shubham did not look healthy, the way he did when they left. Later, it was found that Shubham was suffering severely from acute malnutrition with midupper arm circumference (MUAC). The programme team counselled the parents and advised them to take the child to the Primary Health Centre (PHC) for check-up.
The team was constantly visiting Shubham and his family to keep a check on Shubham’s health status, teaching his mother nutritious recipes for enhanced immunity and speedy recovery and providing orientation on sanitation and hygiene practices. The team was also in touch with the medical staff at PHC. After sustained engagement, Shubham showed gradual improvement and subsequently, Shubham finally was under the normal category.
Rising above leprosy
SBI Life has partnered with the NGO Udayan, West Bengal to support education, nutrition, and social inclusion of children, affected by leprosy or parents of whom are leprosy patients. Mohit is one of the beneficiaries of this program. He was diagnosed with leprosy during a routine screening test in 2019. Immediately, he went for the multi-drug therapy, undertaken by West Bengal Health Services. Constant support was provided to Mohit in terms of additional nutrition intake, medicines, and counselling support for emotional and mental well-being. With rigorous efforts and continued monitoring, Mohit was declared leprosy-free in 2020.