SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas. it is founded in year 2001
Sbi hold 70% and BNP paribas hold 26% of total capital of the company
other investors are value line pte. ltd and MacRitchie investment holding 1.95% of total capital.
sbi have paid up capital of rupees 10 billion.
Crisil give rate to sbi life AAA/ stable rating
The Company is a joint venture between State Bank
of India (SBI) and BNP Paribas Cardif. SBI owns
74% of the total capital and BNP Paribas Cardif the
remaining 26%. The Company is registered with the
Insurance Regulatory and Development Authority of
India (‘IRDAI’) and is carrying on the business of life
insurance and annuity. The Company’s life insurance
business comprises of individual life and group
business, including participating, non-participating,
pension, group gratuity, group leave encashment,
group superannuation, group immediate annuity,
unit-linked insurance products, variable insurance
products and micro insurance.
SBI Life IPO Dates & Price Band:(Approx)
IPO Open:
IPO Close:
IPO Size: Approx Rs. 7500-8500 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. to Per Share
Listing on: BSE & NSE