Train tragedy: Insurers ease claims process, set up helpline for settlement

Many insurance players, including SBI Life, on Monday announced the prioritisation of claims related to victims of the tragic train accident in Balasore (Odisha) to provide immediate financial relief to families. General Insurance Council chairman Tapan Singhel said, "As an industry, to support the rebuilding of our community, we have created a dedicated helpline and digital capabilities so that it is easier for customers or their family members to reach insurers". Insurers have allocated specialised teams to expedite such claims and ensure a seamless claim process for policyholders, Singhel, who is also managing director of Bajaj Allianz General Insurance, said. "We are reaching out to our customers in the affected region proactively to ensure they are safe and in case of a requirement then that their claims are also being prioritised. Insurance companies have also deployed their resources on-sight for immediate resolution and assistance," he said. SBI Life has taken steps to ease
05-06-2023

Transfer of Sahara Life biz unlikely to impact SBI Life's balance sheet

Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major impact on SBI Life Insurance as the business of the former is very small, an expert said. The total number of policies being transferred is only a small percentage of SBI Life's total policies, a company official said. At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry expert said. Besides, the expert said that the new policyholders may provide an opportunity for SBI Life to offer their product depending on their age profile. There may not be a big impact on SBI Life, the expert said, adding, it is also a test case for the industry since it was opened for private players in 2000. On Friday, regulator Irdai directed SBI Life Insurance to takeover the policy liabilities of around two lakh policies along with assets of stressed Sahara India Life Insurance Co Ltd (SILIC). The decision was tak
04-06-2023

Not a merger, only transfer of Sahara Life's policyholders, says SBI Life

SBI Life Insurance said it is not merging with Sahara India Life Insurance, but will take on two lakh policy liabilities and related assets from the beleaguered firm. SBI Life Insurance said it would reach out to the two lakh policyholders to ensure a smooth transition.
03-06-2023
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SBI Life Insurance Company Ltd - 540719 - Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

We wish to inform you that the Insurance Regulatory and Development Authority of India by way of its order dated 2nd June 2023 bearing reference number IRDA/F&I/ORD/MISC/119/6/2023 (Order) issued under Section 52B (2) of the Insurance Act, 1938 has directed that the policyholder related assets and liabilities of Sahara India Life Insurance Company Limited, as set out in the Order, be transferred to SBI Life Insurance Co Ltd (Company). The Company would like to inform that this is not a merger between the two companies and is only transfer of the policyholder related assets and liabilities. The policyholder related assets and liabilities being transferred is less than 0.5% of the Balance Sheet of the Company. The Company shall be taking necessary actions to give effect to the order. A copy of the Order and press release in this regard has been uploaded on our website and is enclosed.
02-06-2023

Sbi Life Share Price Live blog for 02 Jun 2023

Sbi Life stock price went down today, 02 Jun 2023, by -2.18 %. The stock closed at 1234.9 per share. The stock is currently trading at 1208 per share. Investors should monitor Sbi Life stock price closely in the coming days and weeks to see how it reacts to the news.
02-06-2023

Sbi Life Share Price Live blog for 31 May 2023

Sbi Life stock price went down today, 31 May 2023, by -0.1 %. The stock closed at 1217.05 per share. The stock is currently trading at 1215.8 per share. Investors should monitor Sbi Life stock price closely in the coming days and weeks to see how it reacts to the news.
31-05-2023

Sbi Life Share Price Live blog for 30 May 2023

Sbi Life stock price went up today, 30 May 2023, by 1.75 %. The stock closed at 1196.1 per share. The stock is currently trading at 1217.05 per share. Investors should monitor Sbi Life stock price closely in the coming days and weeks to see how it reacts to the news.
30-05-2023

Sbi Life Share Price Live blog for 29 May 2023

Sbi Life stock price went up today, 29 May 2023, by 1.84 %. The stock closed at 1174.45 per share. The stock is currently trading at 1196.1 per share. Investors should monitor Sbi Life stock price closely in the coming days and weeks to see how it reacts to the news.
29-05-2023
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SBI Life Insurance Company Ltd - 540719 - Compliances-Reg.24(A)-Annual Secretarial Compliance

Pursuant to Regulation 24A of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1//27/2019 dated February 8, 2019, please find enclosed herewith the Annual Secretarial Compliance Report issued by M/s. N. L. Bhatia & Associates, Practicing Company Secretaries, for the Financial Year ended 2022-23. You are requested to kindly take the same on records.
26-05-2023

Sbi Life Share Price Live blog for 26 May 2023

Sbi Life stock price went up today, 26 May 2023, by 0.64 %. The stock closed at 1174.45 per share. The stock is currently trading at 1182 per share. Investors should monitor Sbi Life stock price closely in the coming days and weeks to see how it reacts to the news.
26-05-2023
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