An SBI Life Insurance Franchise is an excellent opportunity for entrepreneurs looking to enter the insurance sector with a trusted brand.
Supported by SBI Life Insurance, the franchise model offers strong market credibility, structured training, and attractive commission benefits.
By becoming an SBI Life Insurance Agent, individuals can provide a wide range of life insurance products tailored to customers’ financial goals.
The SBI Life Insurance Franchise & SBI Life Franchise system ensures ongoing support, digital tools, and marketing assistance.
With dedication and customer-focused service, franchise partners can build a stable, profitable, and long-term insurance business.
SBI Life Insurance Agent Business Opportunnity – Snapshot
| Line of Business |
Insurance Agent |
| Unit / Shop Area |
150 – 200 Sq. Ft. (Optional) |
| Commission% / Revenue Sharing |
1.5% to 5% of Premium |
| Overall Investment |
Rs.27,000 – Rs.64,000 (Optional) |
| ROI Timeframe |
3 to 6 Month |
What do you know about SBI Life Insurance Franchise Business?
| About the Brand |
| Industry |
Finance & Money |
| Business Line |
Insurance Agent |
| Organization Type |
Public |
| Head Office |
Mumbai, Maharashtra |
| Founder |
Mr. Amit Jhigran (MD & CEO) |
| Founded In (year) |
Thursday, March 1, 2001 |
| No. of Insurance Agents |
2.6 Lakh+ |
| Master Franchise Model |
NA |
| Insurance Agent Tenure |
Lifetime |
| Insurance Agent Location |
All over India |
| Business Set-Up Time |
1 Month |
| Agent Commencement Year |
2004 |
How much does SBI Life Franchise Cost or Fees?
| Investment by Insurance Agent |
| Registration & Training Fees |
Rs.2,000 – Rs.4,000 |
| Infrastructure Investment |
Rs.25,000 – Rs.60,000 (Optional) |
What is SBI Life Insurance Agent Commission?
| Commission% / Revenue Sharing |
| Life Insurance Commission |
2.5% to 5% of Premium |
| Health Insurance Commission |
NA |
| Motor Insurance Commission |
NA |
| Travel Insurance Commission |
NA |
| Business Insurance Commission |
NA |
| ULIP Commission |
1.5% to 4.5% of Premium |
How much you can earn from SBI Life Franchise Business?
| Monthly Revenue |
| Life Insurance Premium |
2,500,000 |
| Health Insurance Premium |
NA |
| ULIP Premium |
1,200,000 |
| Life Insurance Commission |
62,500 |
| Health Insurance Commission |
NA |
| ULIP Commission |
18,000 |
| Agent’s Income |
80,500 |
| Total Expences |
27,000 |
| Agent’s Net Profit |
53,500 |
| Net Profit Margin |
1.446% |
How much time does it take for SBI Life Insurance Agent to breakeven?
| ROI Timeframe / Breakeven Time |
| In Months |
3 to 6 Month |
How to access SBI Life Agent Dashboard?
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What is the SBI Life Insurance Partner Program Infrastructure requirement?
| Infrastructure Required |
| Shop / Unit Area |
150 – 200 Sq. Ft. (Optional) |
| Employee Strength |
Minimum 1 |
| Telephone Lines |
Compulsory |
| Computer / Internet Connectivity |
Compulsory |
| Airconditioner |
Optional |
| CCTV Set-up |
Optional |
What is the extent of Support provided to SBI Life Insurance Franchise?
| Support from Brand |
| Offers |
Available |
| Client Interaction Training |
Available |
| Relationship Manager Support |
Available |
| Back-Office Support |
Available |
| Marketing Support |
Partially Available |
| Business Management Software |
NA |
| Website Support |
NA |
| Operation Manual |
Available |
| Training Manual |
Available |
What kind of Marketing Support is provided to SBI Life Insurance Franchise?
| Marketing Support by Brand |
| Unit Interior & Exterior Ads |
Available |
| Local Advertisement |
Available |
| Digital Marketing |
Available |
| Television Advertisement |
NA |
| Prints Advertisement |
NA |
| Events/Seminars |
NA |
Does SBI Life Frachise Business offers training?
| Training by Brand |
| Product Information Training |
Provided |
| Sales Training |
Provided |
| Service Training |
Provided |
| Recovery Training |
Provided |
What are the Products & Services provided to SBI Life Business Partner?
| Products / Service Offerings |
| Life Insurance |
Available |
| Health Insurance |
Not Available |
| Motor Insurance |
Not Available |
| Travel Insurance |
Not Available |
| Business Insurance |
Not Available |
| Agricultural Insurance |
Not Available |
| Rural Insurance |
Not Available |
| Investment Plans (ULIPs) |
Available |
What is the Eligibility Criteria to Become SBI Life Insurance Agent Business?
| DSA Qualification |
| Age Limit |
18+ |
| Nationality |
Indian |
| Academic Qualification |
10+, Graduation Preferred |
| IRDAI Certification |
Compulsory |
| PoSP Certification |
Compulsory |
| Business Experience |
Optional |
Which documents are required to Become SBI Life Insurance Agent?
| Documents Required |
| Agent Agreement |
Compulsory |
| Proprietor Aadhaar Copy |
Compulsory |
| Proprietor Photo |
Compulsory |
| Proprietor / Business PAN Copy |
Compulsory |
| Business TAN Copy |
Compulsory |
| GST Registration Certificate |
Compulsory |
| Proprietor / Business Address Proof |
Compulsory |
| Unit / Shop Address Proof |
Compulsory |
| Latest ITR or Form16 |
Compulsory |
| Bank Statement |
Compulsory |
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