Home / Companies / Results / Exide Life Insurance Q4 net profit up 89%; gross premium at Rs 3,220 cr

Exide Life Insurance Q4 net profit up 89%; gross premium at Rs 3,220 cr

This is the eighth consecutive year in which the company has reported profit, Exide Life Insurance said in a statement

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Gross written premium during the year rose 12 percent to Rs 3,220 crore.

2 min read Last Updated : Jun 30 2020 | 6:25 PM IST

Exide Life Insurance has registered a 88.7 per cent jump in net profit at Rs 28.3 crore for fiscal year ended March 2020.

The private sector insurer had registered a net profit of Rs 15 crore in fiscal year 2018-19.

This is the eighth consecutive year in which the company has reported profit, Exide Life Insurance said in a statement.

Gross written premium during the year rose 12 percent to Rs 3,220 crore.

The company, a 100 per cent subsidiary of Exide Industries, has continued its emphasis on protection products, resulting in protection business mix increasing from 9 per cent of

Topics : Exide Life Insurance

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