One company, three reconciling structures — the management org, the operating segments, and the legal entity behind every transaction.
A roll-up is never one clean tree. SBI Life is one company seen three ways — who reports to whom (org), which segment underwrites & sells the policy (segment), and which legal entity books it (entity). They only reconcile through the office, which is why the same business shows up as a segment here, a leader there, and a data-grain gap on the map.
Pick a segment (e.g. Protection & Group) or a product line (e.g. eShield Next) to see the offices underneath and how much of the premium is office-grain actual vs Policy-Admin-allocated.
NaN% is office-grain actual; the rest is Policy-Admin-allocated from zone-level postings while the PAS cutover completes — shown as an estimate, reconciled to the zone total.
No mapped office — this product books through a shared/zone ledger.
Non-Executive Chairman (SBI Chairman) & MD & CEO → C-suite + distribution heads. Note: the ULIP, non-par, par and protection segments all run through the MD & CEO.
Each segment books premium under one legal entity; the colour rail is its segment, the badge its transformation state.
The structural moat — parent SBI ~22,000 branches + 9 partner banks; ~60% of APE.
Flagship unit-linked wealth family — the scale & AUM engine (~60% of APE).
Premium / online ULIP (eWealth / Elite) — HNI & digital-native buyers.
Annuity & pension (Retire Smart / Smart Annuity Plus) — NBP +34%; lengthens liabilities.
Guaranteed non-par savings (Smart Platina / Smart Bachat) — the mix-shift prize.
Direct/online, web-aggregators, CSC & the Bima Sugam marketplace — fastest-growing channel.
Participating with-profits savings — Par NBP +123% off a low base; high persistency.
Tied-agency force — higher protection & par skew; ~29% of APE.
Group fund, credit-life & employer schemes — scaling fast via the SBI loan book.
eShield Next term + Smart Swadhan (ROP) + Saral Jeevan Bima — the VNB-margin engine (~55%).
A single policy is booked by the legal entity, sold under a segment, owned by a segment / distribution head, and issued from an office in a zone. Entity resolution keeps them tied.
Entity resolution maps each legacy office / channel / product code to one node, so a number can roll up by any lens — by leader, by segment, by zone — and still tie to the same total. Where a newer product still books at zone level, the office and segment figures are Policy-Admin-allocated and flagged, not invented.