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SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores.

Along with its 5 Associate Banks, State Bank Group has the unrivalled strength of over 20,000 branches across the country. BNP Paribas, one of the leading banks in Europe, ranks 5th in the banking industry worldwide. BNP Paribas Cardif is the insurance arm of BNP Paribas and a worldwide leader in Creditor insurance products.

SBI Life’s mission is to emerge as the leading company offering a comprehensive range of Life Insurance and pension products at competitive prices, ensuring high standards of customer service and world class operating efficiency.

SBI Life has a unique multi-distribution model encompassing the vibrant Retail Agency, Bancassurance, Alternate Channel, Corporate Solutions and Emerging Business. SBI Life’s Agency Channel, comprises of a productive force of over 1 lakh Insurance Advisors who offer insurance solutions, from 770 SBI Life offices, across India.

SBI Life extensively leverages the State Bank Group relationship as a platform for cross-selling insurance products along with its numerous banking related product offerings such as cover for housing loans and personal loans, SBI’s access to over 100 million accounts across the country provides a vibrant base for insurance penetration across every region and economic strata in the country, thus ensuring financial inclusion in the real sense.
New India Assurance Co Ltd, today, is a 100 % Govt owned multinational general insurance company operating in 22 countries and headquartered at Mumbai, India. Our global business crossed Rs. 14300 Cr. (Rs. 143 billion) . Founded by Sir Dorabji Tata in 1919, we have been market leaders in India in non-life business for more than 40 years. Our Indian business touched Rs 10,000 crores (Rs 100 billion) in 2012-13. We are the only direct insurer in India rated A-(Excellent – Stable outlook) by AM Best. "CRISIL has reaffirmed its ' AAA/STABLE ' rating on The New India Assurance Company Limited indicating that the company has the Highest degree of Financial strength to honor its Policyholders obligations"
The Life Insurance Corporation of India (LIC) embarked upon its momentous journey in true spirit of serving the people and nation as a whole in 1956. Since then it has spearheaded the financial and infrastructure development of the nation. LIC has played a significant role in spreading life insurance among the masses and mobilization of people’s money for people’s welfare.

Life Insurance Corporation of India is an internationally recognized financial conglomerate, servicing its customers through its corporate office in Mumbai, 8 zonal offices, 113 divisional offices, 2048 branch offices, 1283 satellite offices, 73 customer zones, 25 metropolitan area service hubs, 25,928 premium acceptance points, 2380 life plus offices, 1256 Mini offices, more than 116,000 direct employees and 1,172,000 agents.

LIC is the largest insurer in the country servicing around 30 Cr. policies. The Excellent Claims settlement Ratio (99.68%) in Maturity claims and (99.30%) Death claims in 2013-14, occupies a pride of place and also has kept standards high for the industry. The asset base of the Corporation is 18 lac crore.

Latest IT driven internal systems and ethical working culture has gained LIC an unswerving trust of the people. LIC understands that in this age where information is the key to decision-making, computerisation alone can make a huge difference. Today, LIC has one of the country's largest wide area networks linking every one of its offices to a central server. The Corporation has also simultaneously implemented an Enterprise Document Management System for digitisation of all policy records. This has created one of the world's largest corporate active data warehouses and has enabled the Corporation to use advanced online analytical/monthly income statement tools for predictive modeling and enhancing client relationship management initiatives.

The Insurance Sector was opened up for competition in 2000 and as on date 24 companies are operating in Life Insurance segment. However, after 14 years of competition and 23 international Insurers being in the competition, LIC of India has retained its Market Share of 75.33% in premium and 84.44% in NOP in New Business in 2013-14.

The Trust it has garnered of the people of India over the years is the true achievement for LIC. When one says life Insurance, LIC is the first name that comes to peoples mind. That is the Brand Identity which inspires and spurs LIC to keep its position as the No.1 life Insurance Company in India.

During the year 2013-14, LIC has won 31 awards, notable ones being Readers Digest Trusted Brand , Skoch Renaissance Award, Outlook Money Award, Annual Greentech CSR Awards, Maccia-IBN-Lokmat Award, Asian Sustainability Leadership Award.LIC also ranked among “Top-10 Most Trusted Service Brands in India” and was voted as No.1 Most Trusted Insurance Brand in the ET Brand Equity-Nielson Survey-2013

The Corporation is also present in thirteen countries through branch offices in Fiji, Mauritius and the United Kingdom, a wholly owned subsidiary in Singapore, joint venture companies in Bahrain, Nepal, Sri Lanka, Kenya and Saudi Arabia and chief agents' offices in Bahrain, Dubai, Kuwait, Abu Dhabi, Oman and Qatar.
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