"We have received regulatory approvals and are aiming to open the branch within December," a top company official told PTI, seeking anonymity.
Initially, SBI Life's market will be restricted within Bahrain, he said.
The company will leverage SBI's sole branch in that country to service its products and tie-up with local banks later.
"We will initially use the bancassurance channel of SBI's branch and later tie-up with the local banks also," the official said.
SBI Life will offer traditional, unit-linked and term products.
Though NRIs will be a major target for the insurer, it will also serve local people.
The company recently got listed on the bourses after the promoters offloaded part of their holdings in its public offer.
Currently, the state-run LIC is the only Indian life insurer present in the life insurance market in the Gulf.
With headquarters in Bahrain, LIC International operates in the Gulf Corporation Council (GCC) countries of Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain, and Oman.
Privately-held HDFC Life has a reinsurance subsidiary - HDFC International Life & Re and it is based out of the Dubai International Financial Centre.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)