SBI Life :

SBI Life Insurance is a joint venture between the BNP Paribas Assurance and State Bank of India where 26% is owned by BNP Paribas Assurance and SBI owns 74% of the entire capital. SBI has over 14,500 branches across the nation along with its associate banks.

SBI has access to over 100 million accounts in India and provides a foundation for insurance dissemination across every region and economic stratum in the country thus ensuring true financial services to attract a good deal of customers.

For the financial year 2008-2009 the Company has bagged the personal finance award-Outlook Money NDTV Profit for the "best Life Insurer 2008". Along with this SBI Life Insurance has also ranked among top three companies globally for a brilliant number of Million Dollar Round Table (MDRT) members.

SBI Life in 2007 became the first life insurer in the country to receive the AAA/Stable rating from the country's leading rating agency -CRISIL. The company retains ISO 9001:2000 certificate for a higher claim settlement process and ensured quality service to the customers.

SBI Life Insurance has launched a new scheme called SBI Life Shubh Nivesh which is a savings plan which gives policy holders an option of total life cover which is designed to meet the savings, protection and income needs of different customers.

The company abides by the values it intends to follow which include trustworthiness, ambition to expand, innovation to provide novel services, dynamism and excellence in the offerings provided to maintain that bond with the customers.

This ensures better growth and progress in the future. With the launch of online payment procedure for easier access to premium payments, SBI Life policy holder's can now make renewal premium payment through SBI Life's official website, Customer Self Service Portal known as 'Mypolicy' or through the 16,000 branch network of the State Bank Group in India.