Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Results | SBI Life posts net profitof Rs276 cr in FY10
BackBack

Results | SBI Life posts net profitof Rs276 cr in FY10

Results | SBI Life posts net profitof Rs276 cr in FY10

Premium

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 28 Apr 2010, 12:32 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie