SBI Life Insurance doubles capital base
22 Mar 2005
According to S Krishnamurthy, MD and CEO, SBI Life Insurance, "Since inception the company has been registering a triple digit percentage of growth. So far, the company has covered more than three million lives. As the business has been increasing multi-fold, we are committed to continue supporting the growing needs of our customers. Our endeavor is to provide our customers with value-for-money products and excellent service. The infused capital will be optimally utilised to support the expansion of our business."
SBI Life Insurance is the largest insurer amongst the new insurance companies in terms of lives covered and a leader in group insurance schemes, with a market share of 12.75 per cent. It has 34 branches across metros, mini-metros and towns across the country and has a strong presence in 7,000 branches of its parent company, State Bank of India.