SBI Life Insurance Company: Intimation Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 ("Listing Regulations")

Pursuant to Regulations 30 of the Listing Regulations this is to inform that Insurance Regulatory and Development Authority of India ("IRDAI:/ "The Authority") had conducted an onsite inspection of the Company in month of October 2020 for the period from FY 2017-18 to FY 2019-20.Subsequently the Authority issued the show cause notice on June 20 2024 and provided an opportunity for personal hearing and additional submissions. Post the detailed submission made by the Company and personal hearing the Authority has issued an advisory and levied a penalty amounting Rs. One crore.The details as required under Regulation 30 read with the Para A of Part A of Schedule III of the Listing Regulations is enclosed as Annexure - A