SBI Life Insurance Company standalone net profit rises 15.95% in the March 2020 quarter

Sales rise 4.68% to Rs 11862.98 crore

Net profit of SBI Life Insurance Company rose 15.95% to Rs 530.67 crore in the quarter ended March 2020 as against Rs 457.68 crore during the previous quarter ended March 2019. Sales rose 4.68% to Rs 11862.98 crore in the quarter ended March 2020 as against Rs 11333.02 crore during the previous quarter ended March 2019.

For the full year,net profit rose 7.19% to Rs 1422.17 crore in the year ended March 2020 as against Rs 1326.80 crore during the previous year ended March 2019. Sales rose 22.60% to Rs 40324.01 crore in the year ended March 2020 as against Rs 32890.35 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales11862.9811333.02 5 40324.0132890.35 23 OPM %0.813.45 -3.134.45 - PBDT587.34511.29 15 1790.281641.56 9 PBT587.34511.29 15 1790.281641.56 9 NP530.67457.68 16 1422.171326.80 7

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