Prices Increasing soon Prices Increasing Soon

BNP Paribas Cardif Proposes to Increase Stakes in SBI Life to 36%

State Bank of India (SBI) recently announced that BNP Paribas Cardif is interested in increasing the stakes in SBI Life Insurance from current 26% to 36%. With its JV partner increasing the shareholdings, SBI’s market share will reduce to 64% in the insurance venture. Ms. Arundhati Bhattacharya, Chairperson, SBI, said, “BNP Paribas Cardif is keen to increase their shareholdings by 10%. They have exercised their right to take an initiative in this regard.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

The valuation will be done now and within four months, the procedure will be completed. We may shortly launch an initial public offer.” 

With a nod to foreign direct investment (FDI) Bill from the Parliament in March 2015, now offshore companies can increase up to 49% their stakes in a JV. BNP Paribas Cardif will therefore monetize on this opportunity and increase its holdings in the SBI Life Insurance.

“We will encash the sale of our equity stake,” added Bhattacharya.

Moving forward, Insurance Australia Group (IAG), SBI’s general insurance partner, will also increase its shareholdings by purchasing SBI’s shares, this year. In this venture, IAG will increase it stakes to 49%, from the current 26%, diluting the 74% shareholdings of SBI.

“IAG will exercise its right to increase its shareholdings to 49%. Although the proceedings will take time, but valuation is underway,” said the SBI chief.

On Greece crisis, SBI Chief commented, “Since, India is minutely exposed to the Greek economy; the crisis will not affect us. Just because markets abhor uncertainty, it is what pulling the Sensex down. The moment the clouds of doubt will lift, the market will rebound in the bullish phase.”     

Source: This news was published on June 30, 2015 in under the title: “BNP Paribas Cardif set to hike stake in SBI Life to 36%”

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
24 Apr 2024

Most Common Life Insurance Frauds in India

Life insurance fraud is a financial crime that can be committed

Read more
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
15 Dec 2021

Life Insurance for Parents in India

With the increase in the average life expectancy rate, the older population in India is on the rise. Most of the

Read more
08 Jun 2022

Life Insurance for NRI

Going beyond geographical boundaries to study or pursue a career abroad is a common aspiration for many

Read more
14 Apr 2014

Life Insurance Quotes

Life insurance quotes are the approximate premium rates for the specific life insurance policy. It helps you

Read more
26 Dec 2022

Canara Guaranteed Fortune Plan

Canara HSBC life insurance company introduces a guaranteed fortune plan that provides assured benefits to life

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best decision I have ever made. I feel so good knowing that

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.