 "SBI Life Insurance")
SBI Life Insurance Company Ltd, a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif S A, is eyeing 35-40 per cent growth in the new business premium collection in this fiscal.
In FY17, the company mopped up new business premium of about Rs 10,200 crore. Total premium collection by the insurer in last fiscal was about Rs 21,000 crore.
"In the current fiscal, we have made our strategies firm for growth in new business premium. The growth would be primarily driven by bancassurance channel that would grow 52 per cent. Plus, we also expect good
