SBI Life Q3 net profit up by 26% at Rs 197 cr
Renewal premium recorded a 20% growth to Rs 2,359 cr
 "SBI Life Q3 net profit up by 26% at Rs 197 cr")
SBI Life Insurance showed a 26% rise in its net profit for the quarter ended December 31, 2015, showing profits of Rs 197 crore.
Individual New Business Premium grew by 32% over the same period last year to Rs 1,556 crore during the quarter. Renewal premium recorded a 20% growth to Rs 2,359 crores.
Individual New Business Premium grew by 32% over the same period last year to Rs 1,556 crore during the quarter. Renewal premium recorded a 20% growth to Rs 2,359 crores.
Arijit Basu, MD & CEO, SBI Life, said that, “All distribution channels had been performing in an exemplary manner during the current financial year. A wide range of products and focus on better customer delivery had enabled the company to record such an impressive performance.”