Empowering Life of Our Stakeholders
At SBI Life, we are deeply committed to empowering the communities around our business operations. Through our two-fold approach of providing insurance solutions to the unorganised sector and implementing diverse CSR initiatives, we actively contribute to their empowerment. With our community initiatives, we aim to create a sustainable and inclusive environment where everyone can thrive.
Material issues
Strategic objective
Focus areas
Key highlights
CSR commitment
Our commitment to a holistic CSR approach is guided by a well-defined CSR policy and is overseen by the Corporate Social Responsibility Committee. These committees play a vital role in setting the strategic direction and ensuring the effective implementation of our CSR initiatives. With clear roles and responsibilities, the committee ensure that our CSR efforts align with our mission and values.
Financial inclusion
As part of our holistic CSR approach, we actively promote financial inclusion through various initiatives. Our participation in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the offering of Micro-insurance products further contribute to financial inclusion and empower vulnerable populations.
Insurance awareness and financial literacy
We believe in empowering individuals with knowledge and understanding of insurance and financial planning. Through Insurance Awareness Campaigns, we educate and create awareness about the importance of insurance and its benefits. By promoting financial literacy, we enable individuals to make informed decisions and safeguard their financial well-being.
Spreading insurance awareness inGiving Wings to Dreams
In collaboration with Pipal Tree Foundation, we empower underprivileged women through financial literacy and entrepreneurship. Through workshops and training, women learn financial management, savings, and investment strategies.
Ritu, a young woman from a rural village in Rajasthan, started her successful tailoring business after attending the programme. SBI Life's collaboration with Pipal Tree Foundation promoted economic independence and empowered her to achieve her dreams.
Healthcare initiatives
At SBI
Life, we are committed to the well-being of communities by providing access to quality
healthcare services, especially for underserved populations. With a focus on preventive
care, awareness campaigns and strategic partnerships with healthcare providers, we aim to
improve health outcomes and enhance the overall
well-being of communities.
Saving Little Lives
In Lucknow, Uttar Pradesh, SBI Life extended support to the Late Sri S.C. Trivedi Memorial Mother and Child Care Trust Hospital. The support included the installation of an SLE 1000 Adaptive nCPAP System, critical respiratory equipment that will save the lives of more than 100 underprivileged premature babies born with underdeveloped lungs.
Care for All
In Jaipur, Rajasthan, we continue to support BMC Hospital and Research Centre, an NGO dedicated to providing free treatment for patients suffering from chronic myeloid leukaemia (blood cancer). The programme extends financial assistance to low-income families, ensuring access to life-saving treatments and care. In addition to medical support, the programme also offers need-based counselling services through the hospital's dedicated welfare cell. Through this initiative, SBI Life is committed to making healthcare accessible and improving the lives of those in need.
Education initiatives
We believe that education is a powerful tool for social empowerment and transformation. Our CSR initiatives in education focus on creating opportunities for learning and development. Through scholarships, skill development programmes, and support for educational institutions, we aim to equip individuals with the knowledge and skills they need to succeed and contribute to the socio-economic development of communities.
Leveraging Technology to Improve Knowledge Retention Capacities
SBI Life launched an initiative to digitise the classrooms of AM Patel Secondary and Higher Secondary English School in Mehsana, Gujarat. By integrating technology into education, the initiative enhances students' learning experiences, engagement, and knowledge retention capacities. This proactive step positively impacts academic performance, enabling students to reach their full potential.
Education Drives Awareness
SBI Life extended support to RAYS ASHA KI EK KIRAN, a Jaipur-based NGO dedicated to providing formal education to children affected by HIV/AIDS. The programme not only ensures access to education but also provides a school bus for transportation convenience. With the initiative benefitting 67 enrolled beneficiaries, SBI Life contributes to their holistic development, enabling them to overcome challenges and thrive academically.
Society and sustainability
Our holistic CSR approach is focused on promoting the wellbeing of the society and safeguarding the environment. We recognise the importance of protecting and preserving the environment for future generations. Our initiatives in this area focus on conservation, waste management, and promoting sustainable practices. We focus on minimising our ecological footprint and advocating for renewable energy, we actively contribute to creating a greener and more sustainable future.
Shaping a Greener Future
On the International Day of Forests, SBI Life joined forces with the Nature Forever Society to launch a CSR project at Sanjay Gandhi National Park in Mumbai. The objective was to develop a dense forest across 1 acre of plantation area, fostering a thriving ecosystem for native bird species. The inauguration ceremony, graced by esteemed dignitaries, marked the beginning of our commitment to a greener and healthier environment.
Initiatives undertaken for a greener and better planet
Driven by a deep commitment to sustainability and minimising our carbon footprint, we have implemented a range of initiatives. Through a focus on efficient energy management, responsible water usage, effective recycling and reuse practices, and various other environmentally conscious endeavours, we actively strive to make a positive impact on our planet.
Energy management
Our corporate office building is certified as a Green Building by the Indian Green Building Council (IGBC), ensuring the efficient use of natural resources and minimal waste generation.
Water management
We prioritise responsible water management through innovative practices that promote conservation and reuse.
Waste management
Our commitment to reducing waste is evident through effective recycling and reuse strategies.
Other environmental initiatives
In addition to the above initiatives, we have embraced digitalisation and implemented nature-centric techniques to further our environmental goals.
Restoring Biodiversity
We maintained 19,000 native plants using the Miyawaki Technique to create a dense forest. This initiative not only adds to the lush greenery but also contributes significantly to the conservation of biodiversity.
