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SBI Life Insurance News

14 Jun 2023

'No Tearing Hurry': SAT Stays IRDAI's Order Against Sahara India Life

Staying the IRDAI's June 2 order transferring the life insurance business of Sahara India Life to SBI Life, the SAT said: "... we find it strange that such steps have been taken after a gap of 5 years and that too without granting an opportunity of hearing."

05 Jun 2023

Sahara India Life Merging With SBI Life? Here Is All You Want To Know

This is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance to SBI Life, the company said.

21 Jan 2023

SBI Life Insurance Q3 profit falls over 16 pc to Rs 304 crore

SBI Life Insurance reported a more than 16% decline in net profit. The insurer's net profit declined by Rs 304 crore. Total income increased to Rs 26,626.71 crore in the latest December quarter

06 Nov 2021

SBI Customers Alert! Now, get up to Rs 2 lakh free Insurance, here’s how

Customers who had opened their Jan Dhan accounts after August 28, 2018, can avail themselves of the insurance benefits. One of the most important conditions is that the insurer should have applied for an ‘SBI RuPay Jan Dhan Card‘. The insurance is given to the nominee on the death of the account holder outside of India.

SBI Life Insurance

03 Oct 2017

SBI Life stock makes muted debut, gains 1% over issue price

It debuted with 5 percent premium over the issue price of Rs 700 and saw intra-day high of Rs 738 and a low of Rs 702.25 on BSE.

SBI Life Insurance

14 Sep 2017

SBI Life Insurance IPO to hit capital market on September 20

The company reported a profit of Rs 954.65 crore in 2016 -17, up 13 per cent from the previous financial year, he said.

SBI Life Insurance

30 Dec 2016

State Bank of India Life Insurance builing catches fire in Chennai

The building is located at No. 20 Pycrofts Garden Road in Nungambakkam.

13 Jun 2016

SBI Life Insurance eyes 30-40% growth in new business premium

Kolkata: SBI Life Insurance is eyeing to achieve a growth of 30-40 percent in the new business premium in 2016-17, a top company official said.

12 Jan 2016

SBI to monetise non-core assets, list few units over 3 years

SBI on Tuesday said it is planning to monetise non-core assets and list some of its subsidiaries for meeting capital needs as well as global risk norms, Basel III, which will kick in from March 2019.

State Bank of India

11 Aug 2015

SBI hopes to sell stakes in insurance units by year end

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

SBI Life Insurance

04 Jul 2015

SBI Life Insurance targets 30% growth in first-year premiums

Mumbai-based SBI Life Insurance said on Saturday that it is targeting a 30 percent growth in first-year premiums this fiscal.

04 May 2015

SBI Life FY15 net profit rises 11% to Rs 820 crore

SBI Life Insurance, a subsidiary of SBI, Monday posted about 11 percent increase in its net profit at Rs 820 crore on account of new business growth for the fiscal ended March 2015.

31 Mar 2015

SBI to divest up to 10% stake in SBI Life Insurance

SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.

SBI Life Insurance

06 Aug 2014

SBI Life Insurance appoints Arijit Basu as MD, CEO

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.

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