Page 6 - Sbi Life

SBI Life posts Rs 870 crore profit in 9 months of FY19, up 13%

New business premium up 32 per cent to Rs 9,470 crore in the nine months of this fiscal; gross written premium was Rs 21,660 crore, up 34.5 per cent

SBI Life shares slip below IPO price

The stock ended at Rs 692.50, down 1.37% from its previous close on BSE

SBI Life eyes 40% growth in new business premium

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 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 firmed up strategies 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 growth in agency channel- this is expected to grow by 32 per cent", said Sanjeev Pujari, president (actuarial & risk), SBI Life Insurance Company Ltd.The company's bancassurance channel has been growing by 40 per cent year-on-year over the last three years. "We operate through multiple channels but we have seen very strong growth in our bancassurance channel in the last three years. The driver has been SBI's network of more than ..

SBI Life, second life insurer to go public, to issue up to Rs 12 cr shares

SBI Life Insurance is joint venture between SBI, BNP Paribas Cardif- French insurance company

SBI Life set to enter Bahrain in next financial year; to focus on NRIs

At present, around 40 per cent of SBI's 20,000 branches sell SBI Life's products

Decision on stake dilution likely in Q1 of FY18: SBI Life

After that SBI Life Insurance will begin the regulatory process for IPO

SBI Life embedded value at Rs 12,999 crore

The company reported net profit of Rs 215 cr for the first quarter of FY17

SBI Life launches HNI focused plan

The unit-linked, non-participating plan provides both life cover and opportunity to invest in eight select funds