SBI Life net up 19% at 740 cr for 2013-14

SBI Life net up 19% at 740 cr for 2013-14

SBI Life Insurance Co on Wednesday reported a 19 per cent growth in profit at Rs 740 crorc during the financial year ended March 31. driven mainly by operational efficiency. The private insurer had posted a profit of Rs 622 crore during 2012 13. SBI Life said in a release issued here. SBI Life's regular new business premium, which includes individual and group, increased 14.5 per cent to Rs 2.998 crore during the FY 2013-14 from Rs 2.618 crore in FY 2012-13. In line with its focus on improving strategic business mix. the private insurer's market share through individual business has increased to 16.8 pc for FYI4.

Posted in: News 2014