SBI Life Insurance is a collabration between the State Bank of India and BNP Paribas Assurance. SBI owns 74% of the capital and BNP Paribas Assurance the rest 26%.
State Bank of India is the biggest Bank in the retail sector. Along with its 7 Associate Banks, SBI Group has the unrivalled strength of over 14,500 branches across the country, arguably the largest in the world. BNP Paribas Assurance is the insurance arm of BNP Paribas - Euro Zone’s leading Bank. , is one of the oldest foreign banks with a presence in India dating back to 1860. BNP Paribas Assurance is the forth largest life insurance company in France, and a worldwide leader in Creditor insurance products offering protection to over 50 million clients. SBI Life extensively leverages the SBI Group as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans. SBI’s access to over 100 million accounts across the country provides a vibrant base for insurance penetration across every region and economic strata in the country ensuring true financial inclusion.
They have more than 40000 agents to sell there products
Products
Unit Linked Products
SBI Life - Horizon II
SBI Life - Unit Plus II
SBI Life - Unit Plus Child Plan
SBI Life - Unit Plus Elite Plan
Pension Products
SBI Life - Horizon II Pension
SBI Life - Unit Plus II Pension
SBI Life - Lifelong Pensions
SBI Life - Immediate Annuity
Pure Protection Products
SBI Life - Swadhan
SBI Life - Shield
"SBI Life - Shield" used as Keyman
Protection cum Savings
SBI Life - Sudarshan
SBI Life - Scholar II
Money back Scheme
