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SBI Life Insurance is a joint venture between the State Bank of India and Cardif SA of France. SBI Life Insurance is registered with an authorized capital of Rs 1000 crore and a paid up capital of Rs 500 crores. SBI owns 74% of the total capital and Cardiff the remaining 26%.
State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, SBI Group has the unrivalled strength of over 14,500 branches across the country, arguably the largest in the world. Cardiff is a wholly owned subsidiary of BNP Paribas, which is the Euro Zone´s leading Bank. BNP Paribas is one of the oldest foreign banks with a presence in India dating back to 1860. Cardiff is ranked 2nd worldwide in creditor´s insurance offering protection to over 35 million policyholders and net income in excess of Euro 1 billion. Cardiff has also been a pioneer in the art of selling insurance products through commercial banks in France and in 35 more countries.
SBI Life Insurance
SBI Life Insurance is a joint venture between the State Bank of India and Cardif SA of France. SBI Life Insurance is registered with an authorized capital of Rs 1000 crore and a paid up capital of Rs 500 crores. SBI owns 74% of the total capital and Cardiff the remaining 26%.
State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, SBI Group has the unrivalled strength of over 14,500 branches across the country, arguably the largest in the world. Cardiff is a wholly owned subsidiary of BNP Paribas, which is the Euro Zone's leading Bank. BNP Paribas is one of the oldest foreign banks with a presence in India dating back to 1860. Cardiff is ranked 2nd worldwide in creditor´s insurance offering protection to over 35 million policyholders and net income in excess of Euro 1 billion. Cardiff has also been a pioneer in the art of selling insurance products through commercial banks in France and in 35 more countries.
SBI Life Insurance´s mission is to emerge as the leading company offering a comprehensive range of Life Insurance and pension products at competitive prices, ensuring high standards of customer service and world class operating efficiency.
SBI Life has a unique multi-distribution model encompassing Banc assurance, Agency and Group Corporates.
SBI Life extensively leverages the SBI Group as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans. SBI's access to over 100 million accounts across the country provides a vibrant base for insurance penetration across every region and economic strata in the country ensuring true financial inclusion.
What is Life Insurance?
Life is full of surprises, some pleasant and some not so pleasant. Our families and we have to live with these uncertainties. Preparing for the uncertainties of life is what Insurance is all about. Why waste precious moments contemplating tomorrow, when we have to live today? Insurance is a tool, a solution for delegating the worries concerning tomorrow onto a trustworthy institution so that you can start living today.
With SBI Life, you could smoothen the rough edges of life; make it a bit easier, so you needn't worry about your children's education, or your family's future. Whether you are looking for a safe investment vehicle with good returns or life cover with regular returns in the future, all it needs is one small action on your part.
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