SBI Life Insurance Company Ltd
SBI Life Insurance Company Ltd Company History
SBI Life Insurance Company carrying on the business of life insurance. The Company’s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, grou(Source : 202303 Annual Report Page No: 239)
2000
The Company commenced its operations
2000
2006
Only private sector Indian life insurance company to declare profit within six years of incorporation, whilst registering a profit of approximately ? 20 million.
2006
2008
The Company achieved the breakeven mark.
2008
2010
The Company crossed gross written premium of ? 100 billion.
The Company was presented with the award for the ÂBest Annual Report of the Year in the category for insurance sector in the Institute of Chartered Accountants of India awards for excellence in financial reporting.
The Company was recognized as the ÂNo. 1 Private Insurer by the Million Dollar Round Table(1) 2011
The Company was part of ÂThe Economic Times Brand EquityÂs Most Trusted Brand survey(2) as ÂIndiaÂs most trusted brandsÂ
The Company won the ÂLife Insurer Of The Year Award At The Financial Leadership Awards, 2011.
The Company won the ÂIMC Ramkrishna Bajaj National Quality Award in the services category.
2010
2011
The number of branches of the Company exceeded 500 branches.
2011
2012
The Company crossed profit after tax of ? 5 billion and declared maiden dividend to the Shareholders.
The Company was awarded the ÂClaims Service of the YearÂ(3) and ÂUnder-served Market PenetrationÂ(3) awards at the Indian Insurance Awards.
2012
2013
The number of branches of the Company exceeded 750 branches.
The Company exceeded ? 500 billion assets under management.
The Company won the ÂWorld Class Award- Large Service Organisation presented by the Asia Pacific Quality Organization.
The Company received ISO 10002: 2004 Certification for its Complaints Management System.
2013
2014
The Company was adjudged ÂThe Most Admired Life Insurance Company in the Private Sector at the ABP News Banking Financial Services and Insurance Awards 2014.
The Company was adjudged the ÂBest Life Insurance Provider 2014Â by the Asia, Banking, Financial Services and Insurance Sector awards.
The Company won the ÂFinancial inclusion and deepening Award and the ÂPlatinum Award for Excellence in Life Insurance by Skoch.
The Company won the ÂNon-Urban Coverage-Life Insurance award at the Indian Insurance Awards.
The Company received the ISO 27001:2013 certification for its information security management system.
The Company received the ISO 9001:2008 certification for its quality management systems for planning, designing and developing training programs.
2014
2015
The Company was adjudged the ÂBest Life Insurance Company (Private Sector)Â at the Lokmat Banking, Financial Services and Insurance Awards by the World HRD Congress.
The Company was one of the winners of the 'Golden Peacock Award for risk management.
The Company received the ISO 22301:2012 certification for the business continuity management system.
2015
2016
The Company crossed gross written premium of ? 150 billion.
The Company was adjudged the ÂLife Insurance Company of the Year and ÂBancassurance Leader Life Insurance (Large Category) at the Indian Insurance Awards 2016.
The Company was one of the winners of the ÂGolden Peacock Award for national quality.
The Company won the LIMRA and LOMA ÂSocial Media Silver Bowl Award for best use of social by a company outside of the United States.
2016
2017
The Company crossed gross written premium of ? 200 billion.
The Company crossed renewal premium of ? 100 billion.
Awards and Accreditations
The Company was awarded the Skoch award for ÂPredictive Analytics and Automation of Renewal Management System and ÂIntegrated Death Claims Management System by the Skoch group.
2017
2018
SBI Life Insurance inaugurates its New Regional Office in Patna.
SBI Life Insurance Company Limited has been declared as the Winner of ÂGolden Peacock Award for Risk Management for the year 2018.
2018
2019
SBI Life Insurance inaugurates its regional office in Bhubaneswar.
SBI Life wins ÂSilver Award in the ÂBest Brand Film: BFSI Category at the Indian Television BrandVid Awards 2019.
SBI Life wins ÂBest Life Insurance Company Award at ICC Emerging Asia Insurance Conclave & Awards 2019.
2019
2020
SBI Life has won Silver Award under the category of "CSR COVID Relief Project" at the 4th CSR Health Impact Awards 2020.
SBI Life won the ÂInsurer of the Year- Life Category award at The Insurance Industry Awards 2020 by FICCI.
2020
2021
SBI Life won ÂGold Honour at DIGIXX Awards 2021 for Digital Marketing Excellence in Technology for M.Connect Life Mobile Application.
SBI Life won an award for ÂBest Risk Management Practices at InsureNext Awards by Banking Frontiers.
2021
2022
SBI Life encourages mothers to go guilt free while taking time out for themselves, launches #GuiltFreeMoms MotherÂs Day campaign.
SBI Life has announced its association with Rajasthan Royals franchise as their lead helmet partner for the 2023season of the Biggest Cricket League.
SBI Life collaboration with Jaipur Traffic Police hosted a public awareness drive at Ajmeri
Gate, encouraging residents of Jaipur to prioritize Âprotection.
2022
