SBI Life Q3 Results: Standalone net profit rises 56% - GROWMUDRA

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SBI Life Q3 Results: Standalone net profit rises 56%

22 Jan , 2022 By : monika singh

SBI Life Q3 Results: Standalone net profit rises 56%

Mumbai: SBI Life Insurance Company NSE 0.16 % on Friday said its standalone net profit for the quarter ended December rose 56.34% to ?364.06 crore from ?232.85 crore in the corresponding quarter last year.

The company said its net premium income rose 30.39% year-on-year (YoY) to ?18,025 crore from ?13,766 crore in the same quarter a year ago. The company said there was strong growth in individual new business premiums at 43% to ?11,610 crore in the period.

Protection new business premium increased by 26 per cent from ?1,620 crore in this fiscal so far to ?2,040 crore.

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