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SBI Life Insurance SBI Life Insurance Co Ltd is a joint venture. The alliance formed by State Bank of India (SBI) and BNP Paribas Cardif S.A.(BNP Paribas Cardif). In which SBI owns 70.1% of the total capital and BNP Paribas Cardif holds 26%, the rest of 1.95% is shared by Value Line Pte. Ltd, MacRitchie Investments Pte. Ltd each. In 2016, SBI Life Insurance was awarded as ‘Life Insurance Company of the Year’ and ‘Bancassurance Leader Life Insurance (Large Category)’ at the Indian Insurance Awards.SBI Life offers range of life insurance products to cater different segments as per their need. SBI life offers both Individual and Group plans. Interesting Facts about SBI Life Insurance SBI Life has unique multi-distribution model including bancassurance, retail agency, institutional alliance, etc. Agency Channel, comprising of over 80,000 Insurance Advisors Awarded as ‘Life Insurance Company of the Year’ in 2016. The Claim settlement ratio of SBI Life Insurance Company for F.Y 2017-18 is 96.76%.