SBI Life Insurance Company Ltd.

State Bank of India by way of its letter dated February 26,2018 received on February 27 February, 2018, SBI Life Insurance Company has informed that current Managing Director and CEO Arjit Basu has been posted as Deputy Managing Director- Corporate Accounts Group, SBI and accordingly will be relieved from his duties as MD and CEO of the company in due coarse as per Regulation 30(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.