SBI Life Insurance Company CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 14 Aug 2026, 17 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Revenue Account, Profit and Loss Account, Receipts and Payments Account (Cash Flow Statement) for the financial year ended March 31, 2026 and the Balance Sheet of the Company as at March 31, 2026, together with the reports of the Board of Directors of the Company (“Board”), report of the Statutory Auditors of the Company (“Auditors”) and comments of the Comptroller and Auditor General of India (“C&AG”).MoreLess

  16 for0 against
• To confirm the interim dividend declared by the Company on February 25, 2026 as final dividend for the year ended March 31, 2026.

  17 for0 against
• Fixation of remuneration of the Statutory Auditors of the Company, to be appointed by the Comptroller and Auditor General of India ("C&AG") for the financial year 2026-27 pursuant to Section 139(5) of the Companies Act, 2013, in accordance with the provisions of Section 142 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder.MoreLess

  16 for0 against
• Revision in the remuneration of Mr. Amit Jhingran (DIN: 10255903), Managing Director & Chief Executive Officer (“CEO”) of the Company.

  17 for0 against

Mutual fund votes, meeting of 30 Mar 2026, 42 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• Approval for entering into Material Related Party Transactions with State Bank of India

  ›Against Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual Fund

  • Axis Mutual FundState Bank of India (SBI) is the promoter and holding/ parent company of SBI Life Insurance Company Limited (SBI Life), holding 55.34% of the equity as on 31 December 2025. The proposed transactions involve purchase/placement of investments, sale/maturity of investments, receipt of premium income, payment of commission expenses, and entering into derivative contracts with SBI. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as bank charges, rent payment, royalty payment, claims payment, interest income, reimbursement of employee salary, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution. Shareholders should note that while SBI Life has sought shareholder approval for material related party transactions with State Bank of India aggregating to Rs. 409.0 bn, we note that State Bank of India, through its postal ballot notice, has sought approval for a broader set of transactions with SBI Life, in the nature of issue of bank guarantees, commission on BGs, purchase and sale of government securities, payment of premium in respect of Individual Housing Loan Scheme (IHLS) Insurance, receipt of lease rentals, receipt of training cost from company, receipt of royalty and payment of insurance premium to/from SBI Life, aggregating to Rs. 170.3 bn, which SBI Life has excluded from shareholder approval on the grounds of being below materiality thresholds. The difference in scope of transactions being presented to shareholders by the two entities results in an incomplete and inconsistent related party framework. Additionally, there appears to be a discrepancy in the aggregate RPT limits being sought by the two companies. The company should provide a comprehensive reconciliation of all transactions with SBI, including those not forming part of the proposed limits, to enable shareholders to take an informed view.
  • Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual FundState Bank of India (SBI) is the promoter and holding/ parent company of SBI Life Insurance Company Limited (SBI Life), holding 55.34% of the equity as on 31 December 2025. The proposed transactions involve purchase/placement of investments, sale/maturity of investments, receipt of premium income, payment of commission expenses, and entering into derivative contracts with SBI. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as bank charges, rent payment, royalty payment, claims payment, interest income, reimbursement of employee salary, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution.Shareholders should note that while SBI Life has sought shareholder approval for material related party transactions with State Bank of India aggregating to Rs. 409.0 bn, we note that State Bank of India, through its postal ballot notice, has sought approval for a broader set of transactions with SBI Life, in the nature of issue of bank guarantees, commission on BGs, purchase and sale of government securities, payment of premium in respect of Individual Housing Loan Scheme (IHLS) Insurance, receipt of lease rentals, receipt of training cost from company, receipt of royalty and payment of insurance premium to/from SBI Life, aggregating to Rs. 170.3 bn, which SBI Life has excluded from shareholder approval on the grounds of being below materiality thresholds.The difference in scope of transactions being presented to shareholders by the two entities results in an incomplete and inconsistent related party framework. Additionally, there appears to be a discrepancy in the aggregate RPT limits being sought by the two companies. The company should provide a comprehensive reconciliation of all transactions with SBI, including those not forming part of the proposed limits, to enable shareholders to take an informed view.
  • Canara Robeco Mutual FundState Bank of India (SBI) is the promoter and holding/ parent company of SBI Life Insurance Company Limited (SBI Life), holding 55.34% of the equity as on 31 December 2025. The proposed transactions involve purchase/placement of investments, sale/maturity of investments, receipt of premium income, payment of commission expenses, and entering into derivative contracts with SBI. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as bank charges, rent payment, royalty payment, claims payment, interest income, reimbursement of employee salary, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution. While SBI Life has sought shareholder approval for material related party transactions with State Bank of India aggregating to Rs. 409.0 bn, we note that State Bank of India, through its postal ballot notice, has sought approval for a broader set of transactions with SBI Life, in the nature of issue of bank guarantees, commission on BGs, purchase and sale of government securities, payment of premium in respect of Individual Housing Loan Scheme (IHLS) Insurance, receipt of lease rentals, receipt of training cost from company, receipt of royalty and payment of insurance premium to/from SBI Life, aggregating to Rs. 170.3 bn, which SBI Life has excluded from shareholder approval on the grounds of being below materiality thresholds. The difference in scope of transactions being presented by the two entities results in an incomplete and inconsistent related party framework. The company should provide a comprehensive reconciliation of all transactions with SBI, including those not forming part of the proposed limits.
  • Invesco Mutual FundState Bank of India (SBI) is the promoter and holding/ parent company of SBI Life Insurance Company Limited (SBI Life), holding 55.34% of the equity as on 31 December 2025. The proposed transactions involve purchase/placement of investments, sale/maturity of investments, receipt of premium income, payment of commission expenses, and entering into derivative contracts with SBI. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as bank charges, rent payment, royalty payment, claims payment, interest income, reimbursement of employee salary, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution. Shareholders should note that while SBI Life has sought shareholder approval for material related party transactions with State Bank of India aggregating to Rs. 409.0 bn, we note that State Bank of India, through its postal ballot notice, has sought approval for a broader set of transactions with SBI Life, in the nature of issue of bank guarantees, commission on BGs, purchase and sale of government securities, payment of premium in respect of Individual Housing Loan Scheme (IHLS) Insurance, receipt of lease rentals, receipt of training cost from company, receipt of royalty and payment of insurance premium to/from SBI Life, aggregating to Rs. 170.3 bn, which SBI Life has excluded from shareholder approval on the grounds of being below materiality thresholds. The difference in scope of transactions being presented to shareholders by the two entities results in an incomplete and inconsistent related party framework. Additionally, there appears to be a discrepancy in the aggregate RPT limits being sought by the two companies. The company should provide a comprehensive reconciliation of all transactions with SBI, including those not forming part of the proposed limits, to enable shareholders to take an informed view. we do not support the resolution

  35 for7 against
• Approval for entering into Material Related Party Transactions with SBI DFHI Limited

  ›Against Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI DFHI Limited, fellow subsidiary and a 69.0% subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI DFHI Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI DFHI Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution.
  • Canara Robeco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI DFHI Limited, fellow subsidiary and a 69.0% subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI DFHI Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI DFHI Limited.
  • Invesco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI DFHI Limited, fellow subsidiary and a 69.0% subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI DFHI Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI DFHI Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution

  35 for7 against
• Approval for entering into Material Related Party Transactions with SBI Capital Markets Limited

  ›Against Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI Capital Markets Limited, fellow subsidiary and a wholly owned subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI Capital Markets Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc., for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI Capital Markets Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution.
  • Canara Robeco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI Capital Markets Limited, fellow subsidiary and a wholly owned subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI Capital Markets Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc., for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI Capital Markets Limited.
  • Invesco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with SBI Capital Markets Limited, fellow subsidiary and a wholly owned subsidiary of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with SBI Capital Markets Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as premium income, etc., for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and SBI Capital Markets Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution

  35 for7 against
• Approval for entering into Material Related Party Transactions with Yes Bank Limited

  ›Against Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with Yes Bank Limited, promoter group company and a 10.8% associate company of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with Yes Bank Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as interest/discount income, commission expenses, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and Yes Bank Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution.
  • Canara Robeco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with Yes Bank Limited, promoter group company and a 10.8% associate company of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with Yes Bank Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as interest/discount income, commission expenses, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and Yes Bank Limited.
  • Invesco Mutual FundSBI Life Insurance Company Ltd seeks shareholder approval for related-party transactions with Yes Bank Limited, promoter group company and a 10.8% associate company of State Bank of India, promoter and holding company. The proposed transactions involve purchase/placement of investments and sale/maturity of investments with Yes Bank Limited, aggregating Rs. 300.0 bn for FY27. The proposed transactions are operational in nature in the ordinary course of business and are at arm’s length basis as the investments are made at the prevailing market rates as per guidelines issued by IRDAI. Further, approval is valid for one year. However, we raise concern that the company will also enter into transactions such as interest/discount income, commission expenses, etc, for which no shareholder approval has been sought. The company should seek approval for the aggregate value of all transactions involving the company and Yes Bank Limited. In the absence of comprehensive shareholder approval covering all transactions, we do not support the resolution

  35 for6 against

• Tax disputeDeputy Commissioner of State tax, Patna Special Central, Bihar, Department of Goods and Services TaxSince 24 Apr 2026
  Additional Commissioner of State Tax (Appeal), Patna Special Circle, Bihar has confirmed the demand along with the applicable interest and penalty for FY 2021-22 as per the Order dated 24/04/2026. The company has paid said demand. Total Tax Amount – Rs. 10.65 lakh (Including Interest & Penalty)MoreLess
  At the filing before: Original Order raised on 22/12/2025 Revised Order raised on 24/04/2026 Deputy Commissioner of State Tax, Patana Special Circle, Bihar has raised a demand of GST along with the applicable Interest and Penalty for FY 2021-2022 as per order dated 22/12/2025 Total Tax Amount – Rs. 10.65 lakh (Including Interest & Penalty)MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

No

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.