State Bank of India and BNP Paribas Cardif together jointly lauched Sbi Life Insurance to help people to secure their future. It is their joint venture and in it SBI owns 74% of the total capital and BNP Paribas Cardif owns the remaining 26%. SBI Life Insurance has an authorized capital of INR 2,000 crores and a paid up capital of INR 1,000 crores.

State Bank Group along with its five Associate Banks, has the unmatchable strength of over 18,000 branches all over the country India and undoubtedly largest in the world.

BNP Paribas Cardif is the life , property and casualty insurance arm of BNP Paribas, one of the strongest banks in the world. BNP Paribas Group is having its presence in more than 80 countries and ranks highly in retail banking, investment solutions and Corporate and Investment Banking. BNP Paribas Cardif is one of the world leaders in creditor insurance and its life and non life insurance units have received an AA rating from standard and poor class to be the most trusted and preferred life insurance provider.

To come out as the leading company providing all range of life insurance and pension products at competitive prices, ascertaining high standards of customer satisfaction and world class operating efficiency and become a model life insurance company in India in the post relaxation period.

SBI Life has a distictive and unequal multi-distribution model all-inclusive vivacious sale of insurance and related products, Retail Agency, Institutional Alliance and Corporate solutions distribution channels.

SBI Life Insurance Policies are available broadly in three categories, viz.,

(1) Individual Plans, (2) Group Plans and (3) Health Plans

and each plans are again sub-divided as follows:

1.1.Unit Linked Plans:
1.1.1. SBI Life - Smart Performer.
1.1.2. SBI Life - Unit Plus Super.
1.1.3. SBI Life - Saral Maha Anand.
1.1.4. SBI Life - Smart Elite.
1.1.5. SBI Life - Smart Scholar.
1.1.6. SBI Life - Smart Horizon.
1.1.7. SBI Life - Smart Wealth Assure.

1.3. Protection Plans.
1.3.1. SBI Life - Smart Shield.
1.3.2. SBI Life - Saral Shield.
1.3.3. SBI life - Swadhan.

1.4. Saving Plans.
1.4.1. SBI Life - Smart Money Back insurance.
1.4.2. SBI Life - Flexi Smart Insurance.
1.4.3. SBI Life - Sanjeevan Supreme.
1.4.4. SBI Life - Shubh Nivesh
1.4.5. SBI Life - Saral Life.

2.1.1.1. SBI Life - Kalyan ULIP Plus.

2.1.1.2. SBI Life - CapAssure Gratuity.

2.1.1.3. SBI Life - CapAssure Leave Encashment Scheme.

2.1.1.4. SBI Life - Dhanrashi

2.1.1.5. SBI Life - Swarna Jeevan.

2.1.1.6. SBI Life - Gaurav Jeevan.

2.1.1.7. SBI Life - Swarna Ganga.

2.1.1.8. SBI Life - CapAssure.

2.1.2.1. SBI Life - Sampoorn Suraksha.

2.1.2.2. SBI Life - Credit Guard.

2.1.2.3. SBI Life - Suraksha Plus.