Page 4 - Sbi Life Insurance

Macquarie downgrades 3 private sector insurers on growth concerns

At present, HDFC Life trades at 15.3x its projected VNB for FY25, while ICICI Pru and SBI Life trade at 8.1 times and 9.5 times, respectively

Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC

Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning

Transfer of Sahara Life biz unlikely to impact SBI Life's balance sheet

Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major impact on SBI Life Insurance as the business of the former is very small, an expert said. The total number of policies being transferred is only a small percentage of SBI Life's total policies, a company official said. At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry expert said. Besides, the expert said that the new policyholders may provide an opportunity for SBI Life to offer their product depending on their age profile. There may not be a big impact on SBI Life, the expert said, adding, it is also a test case for the industry since it was opened for private players in 2000. On Friday, regulator Irdai directed SBI Life Insurance to takeover the policy liabilities of around two lakh policies along with assets of stressed Sahara India Life Insurance Co Ltd (SILIC). The decision was tak

Not a merger with Sahara Life, just transfer of policyholders: SBI Life

SBI Life, a subsidiary of country's biggest lender State Bank of India (SBI), has said it is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance. On Friday regulator Irdai directed SBI Life Insurance to takeover the policy liabilities of around two lakh policies along with assets of stressed Sahara India Life Insurance Co Ltd (SILIC). The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating financial health of the SILIC. Following the Irdai order, SBI Life assured two lakh policyholders of "high levels" of service and commitment as is accorded to our customers. "We have started and we are expeditiously working on the process of integrating all these policyholders in our systems. While the full integration may take some time, we request these policyholders to reach out to us on our helpline number 1800 267 9090 or email us at

SBI Life to take over 200,000 policies of Sahara India Life Insurance

SBI Life, which has 990 branches across the country, serves 49,036,079 policyholders

Karur Vysya Bank to offer SBI Life Insurance products at its branches

Private sector Karur Vysya Bank has inked a pact with SBI Life Insurance to offer their insurance products to customers at its branches, the bank said on Tuesday. The Tamil Nadu-based bank offers a range of financial services through similar tie-ups with leading service providers. "In an attempt to offer a wider choice to customers in the life insurance sphere, KVB has inked an agreement with SBI Life." the Managing Director and CEO of the bank B Ramesh Babu said. "I am sure that together both of us will be able to provide not just choice but quality options to the customers in the days to come," he said. On the tie-up with Karur Vysya Bank, SBI Life Insurance MD and CEO Mahesh Kumar Sharma, "we look forward to strengthening the financial immunity of Karur Vysya Bank's customers with our life insurance solutions and tech-enabled services." "We are confident that the partnership will further enable us to expand the insurance market across the bank's presence in the country," he add

Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet

Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.

SBI Life Insurance Q3 profit falls over 16% to Rs 304 cr, total income up

Private sector SBI Life Insurance on Saturday reported more than 16 per cent decline in net profit at Rs 304 crore in the third quarter ended December 2022

Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil

On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.

SBI Life Insurance posts 53% jump in profit as premiums rise in Sept qtr

India's SBI Life Insurance Co reported a 53% jump in second-quarter profit on Friday, helped by a rise in premiums and as its value of new business grew

SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results

The company displayed a strong show in Q1FY23 with 80 per cent YoY growth in APE along with a sharp jump of 132 per cent YoY in VNB.

SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter

Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period

With melas and pilgrimages back, brands roll out new experiences

Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages

Life insurers' new business premiums zooms 84% in April, thanks to LIC

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

SBI Life Insurance net profit jumps 26% in January-March quarter

The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21

SBI Life Q4 net profit rises 26% to Rs 672 cr; income up to Rs 21,427 crore

SBI Life Insurance (SBI Life) on Thursday reported a 26.3 per cent rise in its net profit at Rs 672 crore for quarter ended March 2022.

SBI Life Insurance jumps up to 4% amid heavy volume on bulk deal buzz

According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077

SBI Life Insurance to reclassify BNP Paribas Cardif as non-promoter

SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

LIC has consistently lost market share in retail segment, says brokerage

After the rebound in November '21, LIC's growth in retail in December '21 slowed, and was materially lower than the private sector