SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating. SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a life insurance company in India.
The company incorporated in Mumbai on 11 October 2000. SBI Life started as a joint venture with BNP Cardif S.A in 2001. In its initial stage its business was mainly from bancassurance channel.