New Delhi: SBI Life Insurance company Ltd impacted over 2.4 lakh lives and spent Rs 19 crore on CSR which is more than the prescribed corporate social responsibility (CSR) budget of Rs 18.41 crore during FY 2018-19.
SBI Life, aims to provide insurance solutions tailored to the needs of people residing in rural areas and undertake multi-faceted CSR activities to improve community well being.
The company is making steady progress towards empowering communities and multiplying the positive impact made on the lives.
During the year, SBI Life continued drive awareness about insurance products and bring more people in the rural and social sectors in the ambit of life insurance sector.
Development of the rural parts of India is not only important for the population but also for overall development of the Nation.
These initiatives include provision of sanitation, lavatory facilities and safe drinking water.
SBI Life has contributed to the concept of the green planet by supporting plantation drive and promoting use of renewable energy.
Severe floods affected the south Indian state of Kerala due to unusually high rainfall during the monsoon season, causing over 400 deaths and leaving hundreds of people homeless.
Similar floods were also experienced in Assam, Manipur and Karnataka.
SBI Life extended help to more than 1,000 victims of these floods by providing them with relief materials.