IPO of SBI Life- Valuation By Experts

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It has been proved that, SBI Life Insurance ranks higher than any other private life insurer. It leads in new business premium growth, claim settlement ratio and product mix. We observe that SBI Life has good persistency ratio of >60% in 61st month (meaning 60%+ people do not stop paying premium at the end of 5th year)

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Issue Date: Sep 20, 2017 – Sep 22, 2017

Face Value: INR 10 per equity share

Issue Size: Offer for Sale of 120,000,000 Equity Shares

Issue Size: Rs 8,400.00 Cr

Price Band: Rs 685 – Rs 700 Per Equity Share

Market Lot: 21 Shares approx

Minimum Order Quantity: 21 Shares

Listing at: BSE, NSE 

About the company

SBI Life Insurance Company Limited (SBI Life) is the largest life insurance company in  India in terms of New Business Premium (NBP) with the highest 20.04% market share. It was incorporated in March 2001 as a joint venture between largest PSU bank SBI(74%) and global insurance company BNP Paribas Cardif (BNPPC) (26%) with equity capital of Rs.125Cr. Initially, the business was operated only through the agency channel with 719 advisors and by end of FY03 bancassurance channel was launched, which has now become an immense network covering rural and urban India. In FY06,SBI Life became the first private life insurance company to achieve profits above the breakeven with Rs.2.03Cr profit. Today, they have pan-India presence through multi-level distribution channels comprising 803 branches with an AUM of Rs.101226Cr.

  • SBI Life, sixteen year old company is the most trusted name in the Indian life insurance industry.
  • They are among the top 4 private life insurers having 24.2% CAGR renewal premium growth in FY14-17 and being the most cost efficient with just 11.6% total cost ratio.
  • Multichannel distribution network is the strength of business comprises the largest bancassurance network with 26,367 branches and the most productive agency workforce of 95,355 individual agents.