SBI Life Insurance Company Limited: Private Company Information
SBI Life Insurance Company Limited provides individual and group insurance plans. The company offers individual plans, such as unit linked, child, retirement, protection, and savings plans; group plans, including corporate, group loan protection, and group micro insurance plans; online plans; and a plan that provides life cover, savings, and female-specific critical illness benefits for women. It serves customers through bancassurance, retail agency, institutional alliance, and corporate solution distribution channels in India. The company was incorporated in 2000 and is based in Mumbai, India with branch locations in India. SBI Life Insurance Company Limited operates as a subsidiary of State Bank of India.
M.V. Road & Western Express Highway Junction
Mumbai, 400 069
Founded in 2000
SBI Life To Dilute 10% Stake To Public In Q1 FY18
Jan 30 17
SBI Life Insurance Company Limited will take a call on when to go for a public issue in the first quarter of 2017-2018 and dilute about 10% of the equity to the public. It, however, is not clear whether one or two of the joint venture partners — State Bank of India (NSEI:SBIN) and BNP Paribas Cardif S.A.— will dilute their stakes when the public issue happens. While SBI holds 70.1% , the JV partner holds the remaining 26%. “The IPO is likely to happen next financial year. We will take a decision on the IPO in the first quarter
of next financial year,” said Arijit Basu, Chief Executive Officer of SBI Life.
SBI Life Mulls IPO
Dec 22 16
State Bank of India (NSEI:SBIN) is looking at an initial public offering for its SBI Life Insurance Company Limited in the next 12-18 months, according to SBI Chairman Arundhati Bhattacharya. Addressing the media at the inauguration of SBI Life Insurance's central processing centre in Navi Mumbai, Bhattacharya said, "Yes, we are looking at it in the next year or 18 months. Frankly, we still need to give time to our joint venture partners for them to take a decision on the dial up (increase in stake). Once that is known, then we will come out with an exact timeline."
SBI Life May Float IPO In 2017
Dec 12 16
SBI Life Insurance Company Limited may float its initial public offering (IPO) in 2017, a top SBI Life official said. "The IPO of SBI Life may happen in 2017," Arijit Basu, Managing Director and Chief Executive Officer, said.
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