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Results | SBI Life posts net profitof Rs276 cr in FY10

Results | SBI Life posts net profitof Rs276 cr in FY10
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First Published: Wed, Apr 28 2010. 12 32 AM IST
Updated: Wed, Apr 28 2010. 12 32 AM IST
Mumbai:SBI Life Insurance Co. Ltd has posted a robust net profit of Rs276 crore for the fiscal ended 31 March as against a loss of Rs26.3 crore last year.
The company has written a gross premium of at least Rs10,000 crore during the year, recording a growth of 40%. Unit-linked products contributed nearly 65% to the company’s total premium.
SBI Life Insurance, which has a market share of 18.34% in the private life space, has grown its assets by 96% to Rs28,551 crore during the year.
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First Published: Wed, Apr 28 2010. 12 32 AM IST