• Bancassurance strategy: State Bank of India confirmed it will exclusively sell SBI Life insurance products across all branches rather than adopting an open architecture model.
• New business premiums: SBI's branch network currently contributes 56% to SBI Life's individual new business premium and 50% to its total new business premium.
• Subsidiary product rationale: Chairman CS Setty stated that offering in-house subsidiary products provides confidence to customers while allowing the bank to maintain focus on core deposit mobilization and lending.