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SBI Life Insurance Company
3.8
based on 4.3k Reviews
Video summary
Company Overview
Company Locations
Working at SBI Life Insurance Company
Company Summary
SBI Life, a leading life insurance company in India, offers a range of life insurance plans and policies at affordable premium.
Overall Rating
3.8/5
based on 4.3k reviews
On-Par with
industry average
Highly rated for
Job security
Critically rated for
Promotions
Work Policy
Work from office
75% employees reported
Monday to Saturday
55% employees reported
Strict timing
51% employees reported
Within city
57% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
196 employees reported
Health insurance
192 employees reported
Office cab/shuttle
82 employees reported
Professional degree assistance
60 employees reported
View all benefits
About SBI Life Insurance Company
Founded in2001 (24 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websitesbilife.co.in
Primary Industry
Other Industries
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View in video summary
SBI Life is one of the leading Life Insurance companies in India. We are a joint venture between India’s largest bank State Bank of India and the leading global insurance company BNP Paribas Cardif.
Mission: To emerge as the leading company offering a comprehensive range of life insurance and pension products at competitive prices, ensuring high standards of customer satisfaction and world class operating efficiency thereby becoming a model life insurance company in India in the post liberalization period.
Vision: To be the most trusted and preferred life insurance provider
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SBI Life Insurance Company Ratings
based on 4.3k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
2k
4
868
3
613
2
282
1
555
Category Ratings
3.9
Job security
3.6
Skill development
3.5
Company culture
3.5
Salary
3.4
Work-life balance
3.4
Work satisfaction
3.3
Promotions
SBI Life Insurance Company is rated 3.8 out of 5 stars on AmbitionBox, based on 4.3k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at SBI Life Insurance Company
based on 4.1k reviews
3.8
Rated by 698 Women
Rated 3.9 for Job security and 3.6 for Company culture
3.8
Rated by 3.4k Men
Rated 3.9 for Job security and 3.6 for Skill development
Work Policy at SBI Life Insurance Company
based on 666 reviews in last 6 months
Work from office
75%
Hybrid
17%
Permanent work from home
8%
SBI Life Insurance Company Reviews
Top mentions in SBI Life Insurance Company Reviews
+ 5 more
Compare SBI Life Insurance Company with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 4.3k reviews | 4.0/5 based on 6.9k reviews  | 4.1/5 based on 6.1k reviews | 3.9/5 based on 10.3k reviews |
Highly Rated for | Job security | Job security Skill development Salary | Skill development Company culture Work-life balance | Skill development Work-life balance Job security |
Critically Rated for | Promotions |  No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 75% employees reported | Work from office 87% employees reported | Work from office 82% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.8 Good rated by 698 women | 3.9 Good rated by 1.5k women | 4.0 Good rated by 1.3k women | 3.8 Good rated by 2.2k women |
Rating by Men Employees | 3.8 Good rated by 3.4k men | 4.0 Good rated by 5.1k men | 4.1 Good rated by 4.5k men | 4.0 Good rated by 7.7k men |
Job security | 3.9 Good | 4.0 Good | 3.9 Good | 3.8 Good |
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SBI Life Insurance Company Salaries
SBI Life Insurance Company salaries have received with an average score of 3.5 out of 5 by 4.3k employees.
Business Development Manager
(1.1k salaries)
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₹2.5 L/yr - ₹7 L/yr
Senior Associate
(547 salaries)
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₹2.6 L/yr - ₹7 L/yr
Senior Business Development Executive
(437 salaries)
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₹2.2 L/yr - ₹5.3 L/yr
Area Manager
(253 salaries)
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₹5.9 L/yr - ₹13 L/yr
Agency Manager
(228 salaries)
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₹2.8 L/yr - ₹5.1 L/yr
Senior Business Development Manager
(197 salaries)
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₹3.8 L/yr - ₹8.1 L/yr
Sr. BDE
(195 salaries)
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₹3 L/yr - ₹5 L/yr
BDM
(182 salaries)
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₹2.5 L/yr - ₹6.3 L/yr
Sr BDM
(177 salaries)
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₹3.5 L/yr - ₹7.7 L/yr
Business Development Executive
(172 salaries)
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₹2 L/yr - ₹4.7 L/yr
SBI Life Insurance Company Interview Questions
A Development Manager was asked Q. Insurance is a challenging field. What is your opinion on it, and do y...read more
A Senior Business Development Executive was asked Q. What are your expected CTC?
An Agency Manager was asked Q. How can you recruit agents and build business?
A Senior Business Development Manager was asked Q. Need to discribe equity debt balanced
An Unit Manager was asked 7mo agoQ. How will you generate business?
SBI Life Insurance Company Jobs
Popular Designations SBI Life Insurance Company Hires for
Popular Skills SBI Life Insurance Company Hires for
Current Openings
SBI Life Insurance Company News
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Nifty Prediction today – Jun 27, 2025: Index may moderate before next upswing
- The market sentiment is bullish with a 33/17 advance/decline ratio within Nifty 50 index. Adani Ports and Power Grid Corporation are top gainers, whereas SBI Life and Bajaj Finserv are leading in losses.
- Crude oil prices are on the rise due to economic and supply considerations. Mid- and small-cap indices are up, and most sectoral indices have seen gains, with Nifty Metal and Nifty Media performing well.
- Wakefit has filed for a ₹468-crore IPO and plans to open 118 new stores. Nifty futures for July expiry opened higher at 25,695 and are currently trading around 25,690, showing a bullish trend with intraday support at 25,640.
- JSW Paints is set to acquire a majority stake in Akzo Nobel India for ₹9,000 crore. Meanwhile, the HDB Financial IPO closes today, with the issue being subscribed 1.16 times so far. Nifty futures are expected to rally to 25,800 and 26,000 while maintaining support levels at 25,640 and 25,580.
HinduBusinessLine | 27 Jun, 2025
Nifty 50 Top Gainers, Losers On June 16: HDFC Life, UltraTech To Tata Motors
- The Nifty 50 index ended 0.92% higher at 24,946.50, while the BSE Sensex closed 0.84% up at 81,796 on June 16.
- BEL, SBI Life, UltraTech Cement, HDFC Life, and ONGC were the top gainers, with Bharat Electronics showing the most increase at 2.45%.
- Tata Motors, Dr. Reddy's Laboratories, Adani Ports, and Sun Pharma were the top losers for the day.
- Tata Motors witnessed the biggest decline, closing 3.57% lower, while the benchmark indices closed higher despite the two-session losing streak.
- Nifty gained 1.01% during the day to trade at 24,967.10, and Sensex gained 0.92% to close at 81,865.82.
Bloomberg Quint | 16 Jun, 2025
IRDAI relaxes norms, asks insurers not to deny, delay claims
- Air India Flight 171 crashed into BJ Medical College hostel in Ahmedabad, India.
- The flight was en route to London Gatwick with 242 people onboard.
- IRDAI expressed condolences and assured support through insurance.
- Insurers advised to obtain victim list promptly and initiate fast-track claim processes.
- FIR or post-mortem reports may be waived if official confirmations are available.
- Claim settlement for deceased individuals should not be denied or delayed.
- A joint cell by Life and General Insurance Councils to be established at the Hospital.
- Each insurer to nominate a Senior Nodal Officer for claim settlement coordination.
- Insurers to submit weekly reports to IRDAI starting from June 16.
- Summary level claims settlement data to be published on Councils' websites.
- Compassion, responsiveness, and efficiency requested from insurers by the regulator.
- Life Insurance Corporation of India, SBI Life, and Bajaj Allianz already expediting claim settlements.
- News published on June 14, 2025.
HinduBusinessLine | 14 Jun, 2025
Premier Energies Block Deal: Quant Mutual Fund, Premji Invest, SBI Life Among Top Buyers
- Premier Energies Ltd.'s block deal saw mutual funds and insurance companies acquiring shares, with notable buyers including Quant Mutual Fund, Premji Invest, and SBI Life Insurance Co.
- US-based GEF Capital Partners affiliate South Asia Growth Fund II Holdings sold 5.6% stake in Premier Energies for Rs 2,630 crore, while Quant Mutual Fund acquired 1.05% equity for Rs 500 crore and Premji Invest bought 0.74% for Rs 350 crore.
- Foreign investors like Morgan Stanley Asia, Goldman Sachs, Citigroup, Blackstone, and Nomura also participated in the block deal, along with domestic mutual funds such as Edelweiss, Axis, Kotak, and ICICI Prudential.
- Shares were traded at an average price of Rs 1,051.6 apiece. Premier Energies' stock settled nearly 1.9% higher at Rs 1,084.4 on the NSE, showing a 29% rise in the last 12 months despite a 19% fall this year.
Bloomberg Quint | 10 Jun, 2025
HSBC Global Hikes Target Price For India Life Insurance, JPMorgan Remains Mixed
- HSBC Global Research hiked price targets for Indian life insurance firms due to improving attractiveness of non-linked products, while JPMorgan remains mixed about the sector.
- HSBC's top pick among all firms is HDFC Life, expecting scope for multiple expansion due to margin tailwinds, while JPMorgan also has a positive outlook for HDFC Life.
- JPMorgan noted weak individual APE growth for SBI Life but expects no downward revision, while HSBC maintains a 'buy' rating for SBI Life with revised target price at Rs 1950.
- JPMorgan showed bullish stance for ICICI Prudential Life despite weaker individual segment growth, while HSBC hiked its target price for the company and maintains a 'buy' rating.
Bloomberg Quint | 10 Jun, 2025
Life Insurance Data: Premiums Rise 13% In May
- Life insurance industry reported a 12.7% year-on-year increase in premiums, reaching Rs 30,463 crore in May.
- Number of policies and schemes dropped by nearly 10%, totaling 16.73 lakh during the same period.
- HDFC Life Insurance Co.'s premiums grew to Rs 3,022 crore, an increase of 33% year-on-year.
- SBI Life Insurance Co. reported a total premium of Rs 2,950 crore in May, an increase of 25% year-on-year.
Bloomberg Quint | 9 Jun, 2025
Max Financial, HDFC Life, SBI Life On CLSA's Radar As Regulatory Concerns Ease
- CLSA upgraded Max Financial Services Ltd., HDFC Life Insurance Co., and SBI Life Insurance Co. as regulatory concerns for the banca channel ease.
- The brokerage believes Axis Max Life management's guidance of 300-400bps higher growth than private players is achievable.
- Max Financial upgraded to 'high conviction outperform'; HDFC Life and SBI Life upgraded to 'outperform' from 'hold'.
- CLSA removed Max Financials' holding company discount, raised target price, and considers Max Financial as its top pick in life insurance due to its potential for faster growth.
Bloomberg Quint | 27 May, 2025
SBI Life Insurance, Vidyaniti buy 4.25% unit-holding in NHIT for ₹1,100 cr
- SBI Life Insurance and Vidyaniti LLP acquired a total of 8.24 crore units, representing a 4.25% unit-holding, in NHIT for ₹1,100 crore.
- SBI Life Insurance bought over 3.74 crore units, while Vidyaniti LLP acquired more than 4.49 crore units in NHIT.
- The units were purchased at an average price of ₹133.57 per unit, with NHAI offloading 8.24 crore units at the same price.
- NHIT, an infrastructure investment trust sponsored by NHAI, closed its units at ₹133.50 on the NSE and was established in 2021 to support the National Monetisation Pipeline.
HinduBusinessLine | 27 May, 2025
Broker’s call: SBI LIfe (Buy)
- SBI Life Insurance's net premium income decreased by 5% y-o-y to ₹23,861 crore in Q4-FY25, primarily due to a 42.1% drop in single premium income.
- In FY25, the new business premium reached ₹35,580 crore, with individual NBP growing by 11% y-o-y to ₹26,360 crore and a private market share of 25.3%.
- Gross written premium for FY25 rose by 4% y-o-y to ₹84,980 crore, driven by policy renewals and moderate growth in new and existing business.
- The company's profit after tax increased by 0.3% to ₹814 crore in Q4FY25, attributed to operational efficiencies. Analysts recommend a BUY rating with a revised target price of ₹2,048 based on the company's strategic focus on long-term growth.
HinduBusinessLine | 19 May, 2025
PNB Housing Finance Block Deal: Carlyle Group Sells Entire Stake For Rs 2,712 Crore
- Carlyle Group sells its entire 10.44% stake in PNB Housing Finance for Rs 2,712 crore through open market transactions.
- Norway's Norges Bank acquires 0.3% stake in PNB Housing Finance by purchasing 8 lakh shares.
- PNB Housing Finance sees multiple entities like Kotak Mahindra Mutual Fund, Tata Aia Life Insurance Co., and SBI Life Insurance Co. acquiring stakes in the company.
- PNB Housing Finance reports a 28% increase in standalone net profit for the fourth quarter of the financial year 2024-25, with a final dividend payment of Rs 5 per share approved by the board.
Bloomberg Quint | 3 May, 2025
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SBI Life Insurance Company FAQs
When was SBI Life Insurance Company founded?
SBI Life Insurance Company was founded in 2001. The company has been operating for 24 years primarily in the Insurance sector.
Where is the SBI Life Insurance Company headquarters located?
SBI Life Insurance Company is headquartered in Mumbai, Maharashtra. It operates in 9 cities such as Mumbai, Hyderabad / Secunderabad, Bangalore / Bengaluru, Pune, Visakhapatnam. To explore all the office locations, visit SBI Life Insurance Company locations.
How many employees does SBI Life Insurance Company have in India?
SBI Life Insurance Company currently has more than 23,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in SBI Life Insurance Company based on the number of reviews submitted on AmbitionBox.
Does SBI Life Insurance Company have good work-life balance?
SBI Life Insurance Company has a work-life balance rating of 3.4 out of 5 based on 4,300+ employee reviews on AmbitionBox. 33% employees rated SBI Life Insurance Company 3 or below, while 67% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read SBI Life Insurance Company work-life balance reviews for more details.
Is SBI Life Insurance Company good for career growth?
Career growth at SBI Life Insurance Company is rated as moderate, with a promotions and appraisal rating of 3.3. 33% employees rated SBI Life Insurance Company 3 or below, while 67% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading SBI Life Insurance Company promotions / appraisals reviews for more detailed insights.
What are the pros and cons of working in SBI Life Insurance Company?
Working at SBI Life Insurance Company comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for promotions / appraisal, work satisfaction and work life balance, based on 4,300+ employee reviews on AmbitionBox.
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