SBI Life Insurance reported a 22% YoY rise in June-quarter profit to Rs 720 crore, driven by robust growth in new business and renewal premiums. Gross written premium rose 20%, while value of new business climbed 29%. The insurer also reported higher embedded value, improved persistency and steady growth in assets under management.
SBI Life Insurance reported a 22% YoY rise in June-quarter profit to Rs 720 crore, driven by robust growth in new business and renewal premiums. Gross written premium rose 20%, while value of new business climbed 29%. The insurer also reported higher embedded value, improved persistency and steady growth in assets under management.
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