State Bank of India Life

sbi life insurance company limited is a joint venture between the state bank of india and bnp paribas assurance. sbi life insurance is registered with an authorized capital of rs 2000 crores and a paid-up capital of rs 1000 crores. sbi owns 74% of the total capital and bnp paribas assurance the remaining 26%. state bank of india enjoys the largest banking franchise in india. along with its 7 associate banks, sbi group has the unrivalled strength of over 14,500 branches across the country, arguably the largest in the world. bnp paribas assurance is the life and property & casualty insurance unit of bnp paribas - euro zone’s leading bank. bnp paribas, part of the world’s top 6 group of banks by market value and a european leader in global banking and financial services, is one of the oldest foreign banks with a presence in india dating back to 1860. bnp paribas assurance is the fourth largest life insurance company in france, and a worldwide leader in creditor insurance products offering