SBI Life’s optimism to get tested in FY22 as LIC’s IPO looms large
SBI Life’s shares have not made big gains this year compared to peers and growth figures did not excite investors
India’s private life insurance firms have managed to weather the pandemic, making good the loss of business during the lockdown. The largest life insurer, SBI Life Insurance Co. Ltd, too, has shown a sharp recovery and investors have taken note of this. Business growth is crucial for life insurers because it is the bedrock of future profits.
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