SBI Life Insurance Company Limited
SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.
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A court has upheld the directive for the immediate transfer of all Sahara India Life's policyholder assets and liabilities to SBI Life. An appeal challenging this transfer was dismissed, solidifying this business development for the company.
SBI Life has received an order from a tax authority upholding a previously disputed tax demand totaling approximately ₹7.4 lakh, which includes tax, interest, and penalty. The company plans to file an appeal against this order before the Appellate Tribunal. SBI Life states there is no material financial or operational...
SBI Life Insurance has announced its 25th Annual General Meeting, a key event for shareholders. The meeting will be held virtually via Video Conference, enhancing accessibility for investors. While the detailed agenda will be shared later, the AGM typically provides a platform for management to discuss the company's operational performance,...
SBI Life Insurance Company Ltd. has announced a board meeting regarding the receipt of an Income Tax Order under section 270A, which imposes a penalty of ₹59.31 crore for the assessment year 2019-20. The company asserts that this order has no material impact on its financial operations, as the tax...
SBI Life Insurance Company Ltd. has announced a board meeting regarding an order received from the Income Tax Department under Section 270A, which erroneously imposes a penalty of ₹23.80 crore for the assessment year 2018-19. The company asserts that this order will not materially impact its financial operations and plans...