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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
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(₹ in Crore)
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SBI Life Insurance Company Limited is one of the premier private life insurance companies in India. Jointly established in 2001 by the State Bank of India, India's largest public-sector bank, and French financial services major BNP Paribas Cardif, the company leverages an extensive bancassurance ecosystem to deliver life insurance, pension, and protection products nationwide. The insurer offers a comprehensive range of individual and group life insurance plans, including unit-linked insurance plans (ULIPs), term insurance, savings and protection products, and annuity solutions. By combining the vast physical network of State Bank of India branches with digital distribution platforms, the company achieves deep market penetration across urban and rural demographics. Headquartered in Mumbai, SBI Life maintains a strong capital base, high solvency margins, and robust claim settlement efficiency. Supported by multi-channel distribution networks, the insurer has established a leading position in new business premium collection and individual life insurance coverage in India.
The company raised Rs 2,226 crore from 69 anchor investors by allocating 31,800,000 equity shares at Rs 700 per share, with major institutional participants including BlackRock, CPPIB, GIC, ADIA, HDFC MF, and ICICI Prudential MF.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 4:17 PM
Unrivaled Bancassurance Distribution
Leverages the widespread branch infrastructure of State Bank of India for cost-efficient customer acquisition.
Diversified Life Product Portfolio
Offers a balanced mix of unit-linked, traditional participating/non-participating, and protection life insurance products.
High Capital Solvency and Asset Quality
Maintains solvency ratios comfortably above regulatory minimums with a multi-billion dollar asset under management base.
Bancassurance Channel Dependency
Significant portion of new business premium originates through SBI bank branches, creating distribution concentration risk.
Equity Market Volatility for ULIPs
Fluctuations in equity markets can affect customer demand for unit-linked products and overall fee income.
Regulatory Policy Changes
Changes in IRDAI regulations regarding commission caps, surrender values, or product structures could impact profitability.
SBI Life Insurance Company Limited
NATRAJ, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai 400069, Maharashtra, India
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