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SBI Life Insurance Co. Ltd

SBI Life - Sudarshan (Endowment)


SBI Life Insurance is a joint venture between the State Bank of India (SBI) and France's BNP Paribas Assurance. SBI Life Insurance is registered with an authorized capital of Rs. 2000 crore and a paid-up capital of Rs 1000 crore. SBI owns 74% of the total capital, the remaining with BNP Paribas Assurance.

State Bank of India has the largest banking franchise in India, along with its seven associate banks. With over 14,500 branches across the country, SBI Life has forged a unique multi-distribution model that includes bancassurance and agency sales, leveraging on the existing SBI infrastructure.

SBI's entrenchment in the banking sector in India means that SBI Life can also effortlessly cross-sell its products with the bank's products such as home, car, and, personal loans.