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. 

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.”