Back Office Login

you are here: Insurance | Insurance Schemes | Detailed News
As on: Nov 19, 2018 03:41 PM
SBI Life Insurance clocks 11% rise in net profit at Rs 250 crore in Q2
20-Oct-18   09:52 Hrs IST

SBI Life Insurance Company Friday reported a rise of 11 per cent in its net profit at Rs 250.53 crore in second quarter ended September of the current fiscal.

The insurer had registered a net profit of Rs 225.47 crore in the same quarter of fiscal ended March 2017.

The gross premium income (first year, renewal and single premium combined) rose to Rs 7,685.47 crore during the September quarter, up from Rs 5,460.06 crore in the same period a year ago, SBI Life said in a regulatory filing.

The collective income from net premium, investments, other sources and transfer of funds from shareholders' accounts was at Rs 9,638.27 crore in the second quarter of 2018-19, up from Rs 7,734.24 crore in year-ago September quarter.

The company has registered a growth in savings and protection business reflecting balanced product mix, SBI Life said.

SBI Life said it has strong distribution network of 169,662 trained insurance professional and widespread operations with 848 offices across country.

"The company has diversified distribution network comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, micro agents, common service centres, insurance marketing firms, web aggregators and direct business," it said.
For Business enquiry, call on: 011 45046022 / 45046000 or email to:
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7872467
CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
Exchanges / Depository : Prevent Unauthorized Transactions in your Trading / Demat Account. Update your Mobile Numbers / email IDs with us. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / NSDL on the same day | KYC: KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Note: "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright 2011. SKI. All Rights Reserved Designed , Developed & Powered By C - MOTS Infotech(ISO 9001:2015 certified)