 "Vighnesh Shahane")
IDBI Federal Life Insurance Friday reported a 31 per cent rise in its net profit to Rs 133 crore for the fiscal 2019.
The company's net profit stood at Rs 101 crore in 2017-18.
It is the seventh consecutive year of profit for the company since it first declared profit in 2012-13, IDBI Federal Life said.
The insurer witnessed a growth of 8 per cent in its total premium from Rs 1,933 crore in 2018-19, compared to Rs 1,783 crore in the preceding fiscal, IDBI Federal Life Insurance said.
The growth was mainly driven by a 19 per cent rise in renewals and over
