The report highlights the company's performance for fiscal year 2019-20, showcasing a 20.3% growth in New Business Premium (NBP) and an increase in Indian Embedded Value (IEV) to 262.91 billion. Key highlights include the launch of SBI Life Smart Platina Assure, a new non-participating life endowment assurance savings product. The company further emphasizes its commitment to digitalization and responsible business practices, including expansion of its distribution network and significant investments in technology, aiming to enhance customer experience and operational efficiency. The report also highlights the company?s social impact initiatives, focusing on education, healthcare, rural development, and disaster relief.
Issuing Company SBI Life Insurance Co., Ltd.
Report Type Integrated Report
Report Language EN
Report Filesize 30.35 MB
No. of Pages 396 pages
Reporting period2019-20
Report Edition2
Assurance Provider Unknown
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue