SBI Life Insurance Company SBI Life Insurance is a joint venture life insurance company between State Bank of India , the largest state-owned banking and financial services company in India, and BNP Paribas Cardif . BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris . SBI owns 62 .1% of the total capital and BNP Paribas Cardif 22% of the capital. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding 1.95% of the total capital each and remaining 12% with Public. SBI Life Insurance has an authorized capital of and a paid up capital of. CRISIL Ltd, a subsidiary of global rating agency Standard & Poor's , gave company a AAA/Stable/P1+ rating.History SBI life insurance is Public Limited Listed company . SBI Life Insurance Listed on BSE And NSE . SBI Life started as a joint venture with BNP Paribas in 2001 . While in its initial stage its business was mainly from bancassurance channel, now it is developing its own agency team for selling its life insurance products.
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