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SBI hopes to sell stakes in insurance units by year end

Last Updated: Tuesday, August 11, 2015, 21:55

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

Last Updated: Saturday, July 4, 2015, 20:41

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

Stake dilution in SBI Life to be finalised in 3-4 months

Last Updated: Sunday, May 17, 2015, 15:44

It is believed that the foreign partner is most likely to increase its stake in the leading life insurance firm promoted by the country's largest lender State Bank of India (SBI).

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

Last Updated: Monday, May 4, 2015, 20:47

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

Last Updated: Tuesday, March 31, 2015, 08:55

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 launches Flexi Smart Plus

Last Updated: Monday, December 16, 2013, 18:34

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

Last Updated: Sunday, November 17, 2013, 13:09

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

Last Updated: Thursday, October 3, 2013, 15:47

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

Last Updated: Sunday, May 12, 2013, 14:38

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, LIC involved in money laundering: Cobrapost

Last Updated: Monday, May 6, 2013, 12:57

As many as 23 public and private sector banks and insurance companies were Monday accused of "running a nation-wide money laundering racket, blatantly violating laws of the land" by online portal Cobrapost.

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

Last Updated: Wednesday, May 1, 2013, 16:13

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

Last Updated: Tuesday, January 29, 2013, 22:09

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.