SBI Life Insurance Company Ltd. (SBI Life) was formed as a Joint Venture between the State Bank of India and BNPPC in 2001. State Bank of India was India's largest commercial Bank in terms of deposits, advances and number of branches, as of March 31, 2017. BNPPC, an Insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. SBI Life is India's largest private life insurer, in terms of New Business Premium generated in each fiscal year, since FY10. Between FY15 and FY17, its New Business Premium increased at a CAGR of ~35%, which is the highest...