SBI LIFE INSURANCE CO Share price

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 Company2000- The Company commenced its operations2006- 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 Accreditations2010- 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.