SBILIFE SBI Life Insurance Company Ltd Legal Disputes Announcement 2024 - Regulatory Penalty SBI Life Insurance Company has received a penalty of Rs. 1 crore from IRDAI for violations of regulations related to insurance web aggregators and outsourcing activities, following an inspection conducted in October 2020..Find Corporate Announcements for Press Releases, AGM, Insider Trading & SAST, Results and Corporate Action for SBI Life Insurance Company Ltd