SEB Life and Pension Baltic SE Lithuanian branch offers the main life insurance services to private individuals and corporate customers.

SEB Life and Pension Baltic SE Lithuanian branch was the first in Lithuania to offer unit-linked life insurance services taking into consideration the leading international practice and its customer needs. The company continuously improves its services,  offers new solutions for corporate customers and private individuals.

Insurance risk assumed by SEB Life and Pension Baltic SE Lithuanian branch under the newly signed agreements since 1 January 2014 is reinsured with the global reinsurance company “Gen Re”.

In 1999, the company started its business as a subsidiary of AB Vilniaus bankas as VB gyvybės draudimas. In 2005, the company changed its name to SEB VB gyvybės draudimas. In 2010, seeking to optimise the activities of international financial group SEB, the shares of SEB gyvybės draudimas were transferred by AB SEB bankas to SEB Trygg Liv Holding AB, a member of the SEB Group offering the life insurance services, which currently is a holder of 100 percent of shares of SEB gyvybės draudimas.