SBI Life Insurance Company moves up on partnering with AU Small Finance Bank
SBI Life Insurance Company is currently trading at Rs. 1844.00, up by 12.05 points or 0.66% from its previous closing of Rs. 1831.95 on the BSE.
The scrip opened at Rs. 1827.00 and has touched a high and low of Rs. 1840.00 and Rs. 1819.25 respectively. So far 23210 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1935.00 on 03-Sep-2024 and a 52 week low of Rs. 1373.15 on 01-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1857.10 and Rs. 1782.00 respectively. The current market cap of the company is Rs. 184197.09 crore.
The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 40.58% and 4.05% respectively.
SBI Life Insurance Company has entered a strategic corporate agency partnership with AU Small Finance Bank (AU SFB), the country's largest Small Finance Bank. This collaboration aims to enhance access to comprehensive insurance solutions nationwide, supporting the government's 'Insurance for All by 2047' mission by extending financial protection to underserved and emerging markets across India.
With this alliance, AU SFB will distribute SBI Life Insurance's comprehensive portfolio of life insurance solutions, including protection, savings & investments, child, money back, retirement etc. across its robust network of over 2,505 banking touchpoints in 21 states and 4 union territories. This integration will enable customers to meet diverse protection and long-term financial planning needs through a unified banking and insurance experience.
SBILifeInsuranceCompany is carrying on business of life insurance and annuity.
