SBI Life Insurance vector logo
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About SBI Life Insurance
SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Assurance. SBI owns 74% of the total capital and BNP Paribas Assurance the remaining 26% of the capital. SBI Life Insurance has an authorized capital of INR2000 crore(s) (US$370 million)and a paid up capital of INR1000 crore(s) (US$180 million).
In 2007, CRISIL Ltd, a subsidiary of global rating agency Standard & Poor’s, gave the company a AAA/Stable/P1+ rating.
