SBI Life Insurance profit of Rs. 672/- Crore I
26% increase in profit for SBI Life Insurance
For the quarter ended March 2022, SBI Life Insurance Company’s net profit increased by 26% and its premium income increased. Net profit rose 26% to Rs. 672 / – crore. In the same quarter last year, the amount was Rs. 532 / – crore. Income from premium has increased by 12% to Rs. 17,434 / – crore. The total expenditure has been reduced to Rs. 20,150 / – crore. The company has set aside an additional Rs. 289 / – crore for the coveed claim. In FY 2022, net profit increased by 3% to Rs. 1510 / – crore. The total valuation of the new business is Rs. 3700 / – crore.
