About SBI Life Insurance
SBI Life Insurance is a company based in Mumbai (India) founded in 2000.. SBI Life Insurance has raised $264 million across 2 funding rounds from investors including Goldman Sachs, KKR and Avendus. The company has 26,360 employees as of March 31, 2024. SBI Life Insurance operates in a competitive market with competitors including Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others.
- Headquarter Mumbai, India
- Employees 26360 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sbi Life Insurance Co. Ltd.
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Annual Revenue
$13.32 B (USD)7.39as on Mar 31, 2024
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Net Profit
$281.89 M (USD)27.43as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$264 M (USD)
in 2 rounds
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Latest Funding Round
$78.42 M (USD), Post-IPO
Mar 29, 2022
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Investors
Goldman Sachs
& 6 more
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Employee Count
26360
as on Mar 31, 2024
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IPO & Listings of SBI Life Insurance
SBI Life Insurance is a publicly listed company on the NSE with ticker symbol SBILIFE in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of SBI Life Insurance
SBI Life Insurance has successfully raised a total of $264M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $78.42 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $78.4M
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First Round
First Round
(09 Dec 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Post-IPO - SBI Life Insurance | Valuation |
investors |
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| Dec, 2016 | Amount | Series D - SBI Life Insurance | Valuation | KKR , Temasek |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SBI Life Insurance
SBI Life Insurance has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, KKR and Avendus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SBI Life Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SBI Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sbi Life Insurance Comparisons
Competitors of SBI Life Insurance
SBI Life Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sbi Life Insurance
Frequently Asked Questions about SBI Life Insurance
When was SBI Life Insurance founded?
SBI Life Insurance was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Where is SBI Life Insurance located?
SBI Life Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of SBI Life Insurance?
Amit Jhigran is the current CEO of SBI Life Insurance.
Is SBI Life Insurance a funded company?
SBI Life Insurance is a funded company, having raised a total of $264M across 2 funding rounds to date. The company's 1st funding round was a Series D of $264M, raised on Dec 09, 2016.
How many employees does SBI Life Insurance have?
As of Mar 31, 2024, the latest employee count at SBI Life Insurance is 26,360.
What is the annual revenue of SBI Life Insurance?
Annual revenue of SBI Life Insurance is $13.32B as on Mar 31, 2024.
What does SBI Life Insurance do?
SBI Life Insurance was established in 2000 in Mumbai, India, as a joint venture between the State Bank of India and BNP Paribas Cardiff. Life insurance products are offered, encompassing protection plans, savings and investment options, unit-linked policies, pension and annuity schemes, child education plans, retirement solutions, and group micro-insurance. Individual and group coverage is provided across various segments in the Indian market.
Who are the top competitors of SBI Life Insurance?
SBI Life Insurance's top competitors include Life Insurance Corporation of India, PNB MetLife and Tata AIA.
Is SBI Life Insurance publicly traded?
Yes, SBI Life Insurance is publicly traded on NSE under the ticker symbol SBILIFE.
Who are SBI Life Insurance's investors?
SBI Life Insurance has 7 investors. Key investors include Goldman Sachs, KKR, Avendus, ICICI Prudential Asset Management Company, and Temasek.
What is SBI Life Insurance's ticker symbol?
The ticker symbol of SBI Life Insurance is SBILIFE on NSE.
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