SBI Life Insurance

According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential

Following the company's Q2 earnings, SBI Life Insurance managing director and chief executive officer (MD&CEO) Amit Jhingran spoke on the road ahead for the company

In Q2FY25, net profit grew 39 per cent Y-o-Y to Rs 530 crore and for H1FY25, it grew 38 per cent Y-o-Y to Rs 1,050 crore. The ULIP share in total APE increased to 65 per cent in Q2FY25

In Q2 FY25, the solvency ratio of SBI Life stood at 204 per cent, compared to 212 per cent in the year-ago period

SBI Life Insurance on Wednesday reported a 39 per cent increase in net profit at Rs 529 crore for the second quarter ended September 30 of this fiscal. The insurer had posted a profit of Rs 380 crore in the July-September quarter of the last financial year. Total income of the insurance firm promoted by State Bank of India rose to Rs 40,015 crore during the quarter under review, as compared to Rs 28,569 crore in the same period a year ago. The company collected a net premium of Rs 20,266 crore in the July-September period, up from Rs 20,050 crore in the year-ago period. The first-year premium was Rs 4,916 crore, as against Rs 4,633 crore in the July-September period of last fiscal. Its assets under management climbed 28 per cent to Rs 4.4 lakh crore as of September 30, 2024. The solvency ratio was 204 per cent at the end of September, as against the regulatory requirement of 150 per cent. The company's net worth increased by 16 per cent from Rs 13,970 crore as on September 30, 2

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.

Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.

The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25).

As India marches forward to join the ranks of developed nations, the demand for long-term savings, protection and annuity products will only accelerate, believe life insurers.

Insurance stocks to buy: In the immediate future, analysts said the revised surrender charges regulations, as and when they are announced, will be vital for growth trajectory in FY25

REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE

The net premium income of the largest private life insurer rose 26.23 per cent year-on-year to Rs 25,116 crore in the reporting quarter from Rs 19,896 crore in Q4 FY23

The value of new business (VNB) - the expected profit from new policies - rose 9.5% to 55.50 billion rupees ($666.1 million). The VNB margin contracted to 28.1% from 30.1% a year earlier

SBI General Insurance on Thursday reported a 27.6 per cent rise in net profit at Rs 240 crore for the financial year ended March 2024. The non-life subsidiary of State Bank of India had recorded a net profit of Rs 188 crore in the previous financial year. The company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of Rs 12,731 crore, registering a growth of 17 per cent over the previous year, SBI General Insurance said in a statement. The diverse product portfolio, distribution reach, brand and cost optimization has helped deliver these numbers, it said. "The retail business led by Motor and Health have shown strong growth. SBI General Insurance continues to be No. 1 in the Personal Accident segment in the private market, along with its strong presence in various lines of business including Health, Home, Crop, Commercial and Motor," it claimed. Its solvency ratio stood at 2.25, signifying its strong financial position against the minimum

In a relief for life insurance company investors, regulator Irdai has retained most existing surrender charges in the revised product regulations

SBI Life Insurance Company on Tuesday bought shares of Krishna Institute of Medical Sciences (KIMS) for Rs 239 crore through an open market transaction. According to the bulk deal data available with the BSE, SBI Life Insurance Company Ltd purchased 11.49 lakh shares, representing a 1.4 per cent stake in KIMS. The shares were picked up at an average price of Rs 2,085 apiece, taking the deal size to Rs 239.58 crore. Meanwhile, ICICI Ventures' affiliate India Advantage Fund S4 I sold 10,70,545 shares at the same price. On Tuesday, shares of KIMS rose 1.93 per cent to settle at Rs 2,130.40 apiece on the BSE.

Sequentially, it is 15.37 per cent lower than the Rs 380.19 crore profit accrued in Q2 FY24

Value for new business (VNB) - the expected profit from new policies - rose 11% to 40.40 billion rupees ($486 million), the company said, although margins contracted to 28.1% from 29.6% a year earlier

The net premium income of the insurer jumped by 21.68 per cent to Rs 20,049.66 crore from Rs 16,477.26 crore, as compared to the corresponding period last year