Why SBI Life is registered as a pvt co eventhough its major share holders is SBI.?



Why SBI Life is registered as a Pvt co eventhough its major share holders is SBI. Moreover companies name is SBI Life insurance co ltd. its share is not issued in the public.so if it is a pvt ltd co,why the company’s name is not SBI Life insuance co pvt Ltd

Why SBI Life is registered as a pvt co eventhough its major share holders is SBI.?
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One Reply to “Why SBI Life is registered as a pvt co eventhough its major share holders is SBI.?”

  1. In the context of insurance industry, public insurers are those, whose shares are held DIRECTLY by the President of India. SBI Life is treated as a private life insurer, as its shares are not held by the government DIRECTLY. The principal shareholder of LIC is the President of India. But for SBI Life, the principal shareholder is not the President, but a listed company, called State Bank of India. SBI itself might be a government-run company, but it is not the Government in itself.





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