Page 3 - Sbi Life

Not a merger, only acquisition of life insurance of Sahara India: SBI Life

It also said it is expeditiously working on the process of integrating all these policyholders (of Sahara India Life) in its systems

Irdai asks SBI Life to acquire Sahara India's Life Insurance business

Regulator Irdai on Friday directed SBI Life Insurance Company to take over the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co. Ltd (SILIC) with immediate effect. 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. "The Authority has identified SBI Life Insurance Company Limited (SBI Life), which is one of the largest life insurers in the country with satisfactory financials, as the acquirer insurer of the life insurance business of SlLIC. "SBI Life shall take over the policy liabilities of around two lakh policies of SILIC, backed by the policyholders' assets, with immediate effect," Irdai said in its order. In a statement, the Irdai said it has also taken necessary steps to ensure the smooth transition for all policyholders of SILIC.

SBI Life Q4 Results: Profit rises 15%, new business premiums rose 27%

The net premium income for the reporting quarter jumped 14% to Rs 19,897 crore as against Rs 17,434 in the year-ago period

Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%

CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL

SBI explores options of installing iris scanner at Bank Mitra channel

State Bank of India (SBI) on Friday said it is exploring options for installing an iris scanner at Banking Correspondent or Customer Service Point to address the challenges faced by senior pensioners or customers. This will save senior citizens from going to branches and withdrawing pensions at their nearest Bank Mitra channel. "Bank has also been examining options of installing Iris scanners at our BC/CSP (Bank Mitra) channels to address the challenges faced by our Senior Pensioners/ Customers," SBI said in a statement. SBI has always aligned its business goals with national priorities, and focused attention is given to a range of financial inclusion activities, it said. However, it said, an unfortunate incident has recently come to light where one of the senior citizen customers faced difficulty in withdrawing her old age pension from the nearby CSP (Bank Mitra) in Jharigaon block of Nabrangpur district of Odisha on account of her fading fingerprints not being recognised by the .

Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap

Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.

New tax norm to hurt insurers; stocks attractive for the long run: Analysts

Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products

LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends

Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move

Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%

Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000

Will one-licence regime revive trend in insurance stocks? Chart check here

Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.

LIC has edge over private insurers: Gains market share in FY23

Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz

SBI cuts savings deposit rate by 5bps to 2.7%;BoB raises FCNR deposit rates

State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15. The new saving rates are applicable on balances of less than Rs 10 crore, on which the bank earlier offered 2.75 per cent per annum interest. The lowering of rates on savings accounts by SBI comes at a time when the peer lenders have been raising deposit rates to mobilise funds. However, on saving account balances of Rs 10 crore and above, SBI has increased the deposit rates to 3 per cent per annum from 2.75 per cent earlier. Bank of Baroda on the other hand hiked the interest rates on foreign currency non-resident (FCNR) deposits across various currencies and maturity periods by up to 135 basis points. The new deposit rates came to effect from October 16, 2022 and will remain in force till November 15, 2022, Bank of Baroda said in a release on Monday. The revised rates are applicable on fresh and existing FCNR deposits which are ren

Top Gainers and Losers, NSE: TECHM grows 3.4%; ULTRAMCEMCO falls 1.9%

Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

SBI Life hits new high; rallies 24% in 2 months on strong business outlook

With SBI Life's distribution channels firing on all cylinders, expanding product offerings and increasing acceptance, analysts expects robust growth to continue in FY23 and beyond

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

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.

Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO

Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.

Canada Pension Fund sells 0.56% stake in SBI Life for Rs 597 cr

It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs