SBI Life insurance Corporate Introduction.

1. STATE BANK OF INDIA
The Banker to Every Indian
Vishnu V
Consultant Trainer
Pie are Squared
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2. Welcome ALL
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3. A Corporate Introduction
• State Bank of India (Group )is a multinational banking and
financial services company based in India.
• It is a Govt.-owned corporation with its headquarters in Mumbai,
Maharashtra.
• More than 200 years of experience in financial industry.
• A Fortune 500 company, SBI has entered into the league of top 50
global banks
• Over 24,000 branches and 59, 000+
ATMs serving over 42 crore
customers after the merger of its five Associate Banks and
Bharatiya Mahila Bank on 1st April 2017.
• SBI has an overseas presence through 195 foreign offices spread
across 36 Countries.
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4. History
1806 British started Bank of Calcutta in Calcutta
1809 Renamed Bank of Calcutta into Bank of Bengal
1840 Bank of Bombay was started
1843 Bank of Madras was started
1921 3 Banks merge and forms The Imperial Bank of India
1955 Renamed The Imperial Bank of India into State Bank of
India Using SBI Act 1955
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5. History
1959 GOI passed the State Bank of India (Subsidiary Banks) Act
and started 8 Subsidiary bank
2001 SBI Life Insurance Ltd. was stared
2008 State Bank of Saurashtra was merged to SBI
2010 State Bank of Indore was merged to SBI
2017 Remaining subsidiary banks and Bharatiya Mahila Bank
merge into SBI
2017 45th Largest in the World Ranking
2018 A Fortune 500 company
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6. SBI Group Subsidiaries
• State Bank of India.
• SBI Cards & Payment Services Private Limited
• SBI Life Insurance Company Limited.
• SBI Funds Management Private Limited.
• SBICAP Securities Limited.
• SBI General Insurance Company Limited.
• SBI Pension Funds Private Limited.
• SBI Capitals Market Limited.
• SBI Global Factors Limited.
• SBI SG Global Securities Services Private Limited.
• SBI DFHI Limited
• SBI Foundation.
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7. BNP Paribas Cardif
BNP Paribas Cardif
• French international banking group, HQ at Boulevard des Italiens,
Paris, France
• World’s 8th
largest bank by total assets.
• Operates in 35 countries with strong positions across Europe, Asia
and Latin America.
• Worldwide leader in creditor insurance
• 100 Million policyholders, 500 distributor partners.
• e239 Billion Assets under management(AUM).
• e31.8 Billion 2018 gross written premiums(GWP).
• e1.5 Billion 2018 pre-tax net profit.
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8. SBI Life
SBI Life Insurance Limited
Joint venture between India’s largest Bank and leading global insurance
company
State Bank of India BNP Paribas Cardif
IRDA Registration no. 111 issued on 29th March 2001
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9. Quick Look - SBI Life
• SBI Life Insurance is a joint venture between State Bank of
India and BNP Paribas Cardif.
• Initially, State Bank of India owns 74% of the total capital and
BNP Paribas Cardif the remaining 26%.
• SBI Life Insurance has an authorized capital of |2,000
crores but paid up capital of |1,000 crores
• Final approval to commence business (R3) received from IRDAI on
29 March 2001.
• Over |82,500 crore claims paid till date*
• 922 Branches Across India *
• Over 2.49 crore Policy Holders*
Data from Sbi life insurance official website, dated as 30th
June 2019
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10. Our Vision and Mission
Our Vision
“To be the most trusted and preferred life
insurance provider ”
Our Mission
“To emerge as the leading company offering a comprehensive
range of life insurance and pension products at competitive prices,
ensuring high standards of customer satisfaction and world class
operating efficiency thereby becoming a model life insurance
company in India in the post liberalization period ”
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11. Our Values
Our
Values
Trustworthiness
Ambition
Innovation
Dynamism
Excellence
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12. Shareholding
Type Share Holders Percentage (%)
Promoter State Bank of India 62.10
Promoter BNP Paribas Cardif 7.70
Non -Promoters Others 30.20
Leading Marquee Global Financial Investors -
CA Emerald Investments (an affiliate entity of Carlyle Asia Partners V) - 9 %
Value Line Pvt. Ltd. (an affiliate of KKR Asian Fund II L.P.) - 1.95 %
Mac Ritchie Investments Pvt. Ltd.(an indirect wholly owned subsidiary of Temasek Holdings Pvt Ltd) - 1.95 %
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13. Performance
Parameters FY 2018 - 19 Growth(%)
New Business Premium |13,790 Cr 26
Gross Written Premium |32,990 Cr 30
Profit After Tax |1,330 Cr 15
Asset Under Management |1,41,020 Cr 21
From this, Private Market Share ( IRP)* - 22.3 %
(i.e, If you take a 100 policy, then 22 policy are from SBI Life )
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14. Net Profit
• First new generation Life Insurance to report Profits (FY 05-06)
• Achieve Break Even (FY 07-08)
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15. Journey - Never Stops
“Do the Difficult things while they are easy
and do the great things while they are small.
A journey of a thousand miles must begin with
a single step - Lao Tzu ”
Important mile stone of 19 year Journey of
SBI Life Insurance Limited
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16. Journey through vacuum
2000 SBI Life Insurance Limited incorporated under companies Act,1956 on 11th October 2000.
2001 New Business Premium written in the year |14.69 crores. Policies Sold only through agency channel.
2002 Launch of Bancassurance Channel.
2003 Moved to No. 4 position in NBP amongst private life insurers.
2005 First new generation Private Life Insurance Company to make profit of |2.03 crores. Started
Central Processing Centre (CPC) at Navi Mumbai.
2007 1st
life insurer to receive the highest financial rating ‘AAA ’from CRISIL
2009 Ranked No.1 globally in MDRT membership. ICRA assigned iAAA rating indicating highest
claims paying ability.
2010 Ranked No.1 private life insurer in NBP. Awarded ISO / IEC 27001:2005 certification for information
security management system.
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17. Journey through vacuum
2012 CRISIL reaffirmed its AAA / Stable rating. ICRA reaffirmed its iAAA rating.
2014 Ranked No 1 private life insurer in GWP, NBP & individual APE company declares 5% divi-
dend.
2015 Dividend increased to 12%.
2016 Covered 2.85 Lakh lives in social sector. Wins Bancassurance Leader Life Insurance & Life Insurance
Company of the Year, organised by Fintelekt.
2017 Total 801 branches. Covered 12.74 Lakh new lives under individual policies. Brand of the Year
2016-17 Award in Insurance Category by WCRC. Fintelekt Insurance Awards 2017 in category -
Private Sector Life Insurance Company of the Year, Bancassurance Leader, Life Insurance,
Data Analytics Initiative of the Year.
2018 Company got listed on NSE & BSE. AUM crosses |1,16,261 Cr (1 Lakh crore). Net Profit
|1,150 Cr.
“If you want to go fast, go alone. If you want to go far, go
together.”
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18. References
The information presented in this presentations are take from :
1 The official website of State Bank of India.
2 The official website of BNP Paribas Cardif.
3 The official website of SBI Life Insurance Limited.
4 The official material of SBI Life Insurance Limited (for
training purpose).
5 The official website of IRDA, Govt. of India
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19. Thank You - Any Quires
Any Queries. . .
Presentation made by Pie are Squared
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