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    SBI LIFE INSURANCE COMPANY LTD.

    04 December 2024 | 01:39

    Industry >> Finance - Life Insurance

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    ISIN No INE123W01016 BSE Code / NSE Code 540719 / SBILIFE Book Value (Rs.) 148.79 Face Value 10.00
    Bookclosure 16/03/2024 52Week High 1936 EPS 18.90 P/E 77.36
    Market Cap. 146498.98 Cr. 52Week Low 1308 P/BV / Div Yield (%) 9.83 / 0.18 Market Lot 1.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.
    The Company was incorporated at Mumbai on October 11, 2000 as SBI Life Insurance Company Limited, a public limited company under the Companies Act 1956, and received certificate of commencement of business from the RoC on November 20, 2000. The Company is registered with the IRDAI (Registration Number: 111) for carrying out business of life insurance pursuant to the registration certificate dated March 29, 2001.

    Major events and milestones of the Company

    2000

    - The Company commenced its operations

    2006

    - Only private sector Indian life insurance company to declare profit within six years of incorporation, whilst registering a profit of approximately ? 20 million.

    2008

    - The Company achieved the breakeven mark.

    2010

    - The Company crossed gross written premium of ? 100 billion.

    2011

    - The number of branches of the Company exceeded 500 branches.

    2012

    - The Company crossed profit after tax of ? 5 billion and declared maiden dividend to the Shareholders.

    2013

    - The number of branches of the Company exceeded 750 branches.

    - The Company exceeded ? 500 billion assets under management.

    2016

    - The Company crossed gross written premium of ? 150 billion.

    2017

    - The Company crossed gross written premium of ? 200 billion.

    - The Company crossed renewal premium of ? 100 billion.

    Awards and Accreditations

    2010

    - The Company was presented with the award for the `Best 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 `No. 1 Private Insurer' by the Million Dollar Round Table(1) 2011

    - The Company was part of `The Economic Times Brand Equity's Most Trusted Brand' survey(2) as `India's most trusted brands'

    - The Company won the `Life Insurer Of The Year' Award At The Financial Leadership Awards, 2011.

    - The Company won the `IMC Ramkrishna Bajaj National Quality Award' in the services category.

    2012

    - The Company was awarded the `Claims Service of the Year'(3) and `Under-served Market Penetration'(3) awards at the Indian Insurance Awards.

    2013

    - The Company won the `World Class Award- Large Service Organisation' presented by the Asia Pacific Quality Organization.

    - The Company received ISO 10002: 2004 Certification for its Complaints Management System.

    2014

    - The Company was adjudged `The 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 `Best Life Insurance Provider 2014' by the Asia, Banking, Financial Services and Insurance Sector awards.

    - The Company won the `Financial inclusion and deepening Award' and the `Platinum Award for Excellence in Life Insurance' by Skoch.

    - The Company won the `Non-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.

    2015

    - The Company was adjudged the `Best Life Insurance Company (Private Sector)' 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.

    2016

    - The Company was adjudged the `Life Insurance Company of the Year' and `Bancassurance Leader Life Insurance (Large Category)' at the Indian Insurance Awards 2016.

    - The Company was one of the winners of the `Golden Peacock Award' for national quality.

    - The Company won the LIMRA and LOMA `Social Media Silver Bowl Award' for best use of social by a company outside of the United States.

    2017

    - The Company was awarded the Skoch award for `Predictive Analytics and Automation of Renewal Management System' and `Integrated Death Claims Management System' by the Skoch group.

    2018 -SBI Life Insurance inaugurates its New Regional Office in Patna. -SBI Life Insurance Company Limited has been declared as the Winner of `Golden Peacock Award for Risk Management' for the year 2018.

    2019 -SBI Life Insurance inaugurates its regional office in Bhubaneswar. -SBI Life wins `Silver' Award in the `Best Brand Film: BFSI' Category at the Indian Television BrandVid Awards 2019. -SBI Life wins `Best Life Insurance Company' Award at ICC Emerging Asia Insurance Conclave & Awards 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 `Insurer of the Year- Life Category' award at The Insurance Industry Awards 2020 by FICCI.

    2021 -SBI Life won `Gold' Honour' at DIGIXX Awards 2021 for Digital Marketing Excellence in Technology for M.Connect Life Mobile Application. -SBI Life won an award for `Best Risk Management Practices' at InsureNext Awards by Banking Frontiers.

    2022

    -SBI Life encourages mothers to go guilt free while taking time out for themselves, launches #GuiltFreeMoms Mother's 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 `protection.

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