SBI Life Insurance In Collaboration In Mumbai

Mumbai, October 2024 – SBI Life Insurance, one of India’s most trusted life insurers, in collaboration with Mirchi, announced the commencement of the Regional Finales for its 14th edition of SBI Life Spell Bee 2024 – ‘Bee Spellbound’ in Mumbai.The competition, which brings together the brightest young spellers from across the country, has now moved into its next phase where the champions from across regions will be identified and will progress to the national stage. The Mumbai Regional Finale saw 55 students participating out of 17,470 students from across 43 schools.

AnayaShirali, age 14 years oldfrom Children’s Academy School, Kandivali East, Mumbai studying in IX won the Mumbai Regional Finale of SBI Life Spell Bee 2024with her outstanding spelling ability and intellectual prowess, she will now be joining the Grand Finale, to be held inDecember’ 24, to compete with the rest of shortlisted participants from other cities.

Mr. Ashwini Kumar, Regional Director- Mumbai region, SBI Life Insurance felicitated the finalists in presence of other respected dignitaries.

SBI Life continues to nurture future leaders through this unique initiative. In this year’s edition, over 2 lakh students from more than 500 schools across 30 cities will be participating, each one vying for the prestigious title of ‘Spellmaster of India 2024’. The competition is not just about spelling words correctly, but also about instilling life skills, building confidence, and fostering intellectual growth among young minds.

This phase of the competition will culminate with winners from the regional finales advancing to the Grand Finale, where the top 51 spellers from around the country will compete for the title on a nationally televised platform. The grand champion will win INR 1 lakh and a memorable trip to Disneyland Hong Kong.

Mr. Ravindra Sharma, Chief of Brand, Corporate Communications& CSR, SBI Life Insurance, highlighted the brand’s commitment to nurturing young talents, stating, “At SBI Life, we believe in empowering India’s future leaders to pursue their dreams and aspirations. SBI Life Spell Bee2024 competition exemplifies our commitment to providing a platform where young talent can shine and grow. It’s not just about spelling – it’s about shaping the future leaders and giving them the confidence to take on challenges, both academic and personal.”

He further added, “We recognize that these young children are not just participants in a competition, but future innovators andcreators, who will drive the progress of our nation. We take immense pride in playing a role in their journey. This partnership reflectson our larger commitment to enabling individuals to fulfill their aspirations by nurturing a generation that will define India’s future success.”

SBI Life views words as tools for empowerment; enabling young minds to succeed in the competition and to take steps toward their broader life goals. Through this competition, SBI Life continues to live by its brand purpose of empowering individuals to pursue their aspirations, offering the youth of India a stage where they can express themselves, develop vital skills, and discover their potential.

About SBI Life Insurance

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,062 offices, 23,943 employees, a large and productive network of about 257,266 agents, 79 corporate agents and 14 bancassurance partners with more than 41,000 partner branches, 132 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2023-24, the Company touched over 1.05 lakh direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange (‘BSE’) and the National Stock Exchange (‘NSE’), the company has an authorized capital of Rs. 20.0 billion and a paid up capital of Rs.10.0 billion. The AuM is Rs. 4,147.7 billion.

For more information, please visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

(Numbers & data mentioned above are for the period ended June 30, 2024)

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