Kochi, April 27, 2023: SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹29,589 crores for the year ended on 31st March, 2023 vis-a-vis ₹25,457 crores for the year ended March 31, 2022. Regular premium has increased by 17% over the corresponding year ended on 31st March, 2022.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹3,636 crores for the year ended March 31, 2023 marking a growth of 19%. Protection Individual new business premium registered a growth of 6% and stood at ₹996 crores for the year ended March 31, 2023. Individual New Business Premium stands at ₹20,906 crores with 27% growth over the corresponding year ended 31st March, 2022.
SBI Life’s profit after tax stands at ₹1,721 crores for the year ended March 31, 2023.
The company’s solvency ratio continues to remain robust at 2.15 as on March 31, 2023 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 15% to ₹3,07,339 crores as on March 31, 2023 from ₹2,67,409 crores as on March 31, 2022, with the debt-equity mix of 71:29. Over 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 2,75,374 trained insurance professionals and wide presence with 992 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the year ended March 31, 2023
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
 (1)_1713611592.jpg)
Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-
· Technopark-based Lifology holds conversation on IER 2024
Thiru
Business / 20-04-2024
MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli ChineseSports / 20-04-2024
Aditya Mehta Foundation's para cyclists Jyoti Gaderiya & Arshad Shaik achieve top world rankings in the latest Track Para Rankings, bringing pride to India!Business / 18-04-2024
STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSCBusiness / 18-04-2024
India Employment Report pitches for policy to promote jobsBusiness / 18-04-2024
The EMAK Festoon Silent Heroes Awards-24 Concludes at Le Méridien, KochiPelikken © Copyright 2022, All Rights Reserved
