SBI life Insurance SWOT Analysis, Competitors & USP

Posted in Banking & Financial Services, Total Reads: 6440
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SWOT Analysis of SBI life Insurance with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

SBI life Insurance

Parent Company

State Bank of India & BNP Paribas Cardiff

Category

NBFC

Sector

Banking & Financial Services

Tagline/ Slogan

With Us, You’re Sure

USP

JV between Strong Insurance Expertise and Largest Banking customer base

SBI life Insurance STP

Segment

Personal and Group Insurance

Target Group

Urban and Rural Investors

Positioning

Complete Insurance and financial solutions

SBI life Insurance SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of SBI life Insurance :

1. Leverages SBI’s largest customer base for cross selling its product
2.  Multi layer Distribution channel

3. SBI life has over 7,000 on-roll employees and 75,000 agents

4. Strong Presence across India
5. SBI Life Insurance has an authorized capital of Rs2,000 crore (US$405.6 million)and a paid up capital of Rs1,000 crore (US$202.8 million
6. State Bank Group has the unrivalled strength of over 18,000 branches across the country

Weaknesses

1.  Managing a huge number of people is a concern
2. Cases of fraud have tarnished image

Opportunities

1. Growing rural market potential
2.  Group Insurance through large employers
3. People willing to invest more to secure their future

Threats

1.  Economic crisis
2.  Entry of new NBFCs in the sector

SBI life Insurance Competition

Competitors

Below are the 3 main SBI life Insurance competitors :

1.  LIC

2.  Sahara Life Insurance

3.  Reliance  Life Insurance


The brandguide table above concludes the SBI life Insurance SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

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