Page 8 - Sbi Life Insurance

SBI Life Q2 up 6% at Rs 225 cr in maiden quarterly result post IPO

This is the maiden quarterly result by the company after it got listed early this month

Now, SBI Life Insurance targets cancer treatment

Minimum sum assured was Rs 10,000 and Rs 50,000

SBI Life Insurance files for IPO to raise Rs 7,000 crore

May fetch over $ one billion for SBI and BNP ParibasABHIJIT LELESBI LifeInsurance Co Ltd, joint venture between State Bank of India and BNP ParibasCardif, has filed papers draft prospectus with capital market regulator for aninitial public offering (IPO) of shares. The JV partners which may fetch morethan $1 billion on listing of shares. SBI, country'slargest bank, is selling up to 8 percent stake, or 80 million shares, in theunit as part of the IPO. BNP Paribas group is selling up to four percent stake(40 million shares), SBI said SBI Life said in statement.The prospectusfiled with Securities and Exchange Board of India did not mention how much theIPO would raise, although bankers have previously said it would likely raisemore than $1 billion. This being offer for sale by promoters, the life insurerwill not receive proceeds from IPO.The entireprocess for listing is expected to be complete by before December 2017. Theproceeds would help SBI to bolster its capital adequacy ratio (CAR) .

SBI sells 3.9% stake in life insurance arm for Rs 1,794 cr

SBI Life becomes the most valued private life insurer; deal to also boost bank stock

SBI Life Insurance IPO only after 2016-17

The valuation would be based on the performance in 2015-16

SBI Life unveils women centric life insurance plan

Plan provides for life cover, savings and female specific critical illness benefits