About SBI Life Insurance Company Limited

SBI Life Insurance Company Limited started operations as one of India’s leading life insurers on October 11, 2000 and registered with the Insurance Regulatory and Development Authority of India (IRDAI) as Registration No. 111 on March 29, 2001. The Company offers a wide range of individual and group life insurance solutions across participating, non-participating, pension, unit-linked, variable, health and micro-insurance categories, with riders such as accident and disability benefits, level term and critical illness. SBI Life listed its equity shares on the National Stock Exchange of India Limited and BSE Limited on October 3, 2017.

The Company operates nationally with 1,110 offices, serving customers across 28 States and 7 Union Territories; it has no international offices. Distribution is multi-channel, anchored by the State Bank of India’s bancassurance network and Regional Rural Banks, along with a large agency, direct and corporate presence. The Company reports 14,000+ partner bank branches; it leverages over 27,500+ SBI branches (including regional rural banks), has one of the largest agency networks with over 2.40+ lakh agents, and is supported by 68,500+ Certified Insurance Facilitators/Specified Persons, 141 brokers and 60 corporate agents. As at March 31, 2025, the Company reported no subsidiaries; investment schedules show no investment in subsidiaries.

Key milestones include IRDAI registration in 2001, stock exchange listings in 2017, and commemorating 25 years of SBI Life in FY 2024–25 . The business continues to scale digitally, with 98.7% of individual proposals submitted digitally and 54% processed through automated underwriting in FY25.

SBI Life Insurance Company Limited Key Management

• Challa Sreenivasulu Setty – Chairman

• Amit Jhingran – Managing Director & Chief Executive Officer

• Sangramjit Sarangi – President & Chief Financial Officer

• Girish Manik – Company Secretary

• Prithesh Chaubey – Appointed Actuary

Latest Updates on SBI Life Insurance Company Limited

• Product portfolio: In line with IRDAI (Insurance Products) Regulations, 2024, SBI Life relaunched 20 products effective October 1, 2024, and launched 13 new products, including SBI Life – eShield Insta (exclusive to YONO), SBI Life – Smart Shield Premier (HNI-focused), child plans (Smart Platina Young Achiever and Smart Future Star), and an NPS-focused immediate annuity (Smart Annuity Income). A new Bluechip fund was also introduced under unit-linked products.

• Distribution and digital: The Company expanded its branch network by 70 locations, targeted underserved regions, and strengthened agency productivity. On digital, an individual protection product launch on SBI’s YONO enabled over 1,62,000+ policies through a three-click journey in FY25. Overall, 98.7% of individual proposals were submitted digitally and 54% processed via automated underwriting.

• Customer-first initiatives: SBI Life introduced an Internal Ombudsman, described as a first-of-its-kind initiative in the insurance industry to enhance customer satisfaction, while scaling intelligent automation across service areas.

• Recognition: The Company was recognised as “Best Life Insurance Company – India” at the ICC Emerging Asia Conclave & Awards 2025; won the IMC RBNQA MQH Best Practices Award for OnboardX; was named ‘Best Life Insurance – Large Category’ at the Mint BFSI Summit 2024; and won the “Best AI-Powered Conversational Analytics Platform” at the 2nd Edition of Data Analytics and AI Show 2025 .

• Performance indicators: The solvency ratio stood at 1.96 as on March 31, 2025 (regulatory minimum: 1.50), and 13th-month persistency was 87.41% in FY25.