SBI hopes to sell stakes in insurance units by year end

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

SBI Life Insurance targets 30% growth in first-year premiums

Mumbai-based SBI Life Insurance said on Saturday that it is targeting a 30 percent growth in first-year premiums this fiscal.

SBI Life FY15 net profit rises 11% to Rs 820 crore

SBI Life Insurance, a subsidiary of SBI, Monday posted about 11 percent increase in its net profit at Rs 820 crore on account of new business growth for the fiscal ended March 2015.

SBI to divest up to 10% stake in SBI Life Insurance

SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.

SBI Life Insurance appoints Arijit Basu as MD, CEO

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.

SBI Life to appeal against IRDA order of Rs 275-cr refund

Private sector life insurer SBI Life Insurance will appeal against the IRDA order directing to refund Rs 275 crore to policy holders, which has been collected in violation of norms.

IRDA to SBI Life Insurance: Refund Rs 275 cr to policy holders

Insurance regulator IRDA Tuesday asked SBI Life Insurance company to refund Rs 275.29 crore to the policy holders as the amount was collected from them in violation of norms.

SBI Life Insurance launches Flexi Smart Plus

The product is available at a minimum premium amount of Rs 50,000 per annum, with an option of annual, half-yearly, quarterly premium and monthly modes.

SBI Life Insurance to relaunch 10 plans by Jan 1

SBI Life Insurance plans to relaunch about 10 products by January 1 as part of regulatory compliance to make the policies more customer-friendly.

SBI Life launches Smart Power Insurance plan

Private insurer SBI Life Insurance launched 'Smart Power Insurance' plan, which is designed to care for investor's twin needs of insurance and investment.

Fraudsters dupe customers of 4 insurance companies

After ICICI Prudential, fraudsters have now targeted four insurance companies, including SBI Life Insurance, by stealing their customer database and duping some policy holders.

SBI Life FY'13 net up 12% at Rs 622 crore

Private insurer SBI Life Insurance on Wednesday posted 12 percent growth in profit at Rs 622 crore for the financial year ending March 31, 2013.

Haryana blacklists SBI Life for delaying annuity payments

SBI Life Insurance company has been "blacklisted" by Haryana government for allegedly delaying the process of distribution of annuity to land owners under the Resettlement and Rehabilitation (R&R) Policy of the state government.

SBI Life told to distribute excess payments to policyholders

As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.

IRDA slaps Rs 6 lakh fine on SBI Life insurance

Insurance regulator IRDA Tuesday imposed a penalty of Rs 6 lakh on SBI Life Insurance Company for violation of various norms.

SBI Life tops MDRT 2011 globally

Private life insurer SBI Life Insurance (SBI Life) has topped the prestigious Million Dollar Round Table (MDRT) 2011 across the globe for the third consecutive year.

SBI Life announces foray into health insurance biz

SBI Life Insurance Monday announced a foray into the health insurance segment with the launch of its 'Hospital Cash' plan, which provides a fixed daily allowance to policyholders for each day of hospitalisation.