 "SBI Life Insurance")
SBI Life Insurance, a JV between State Bank of India and BNP Paribas Cardiff S.A., is targeting to grow its new business premium (NBP) by 25 per cent in 2018-19. The growth will be driven by Ulip and pure protection products.
Speaking to Business Standard after inaugurating the company's new regional office in Chennai, Sanjeev Nautiyal, managing director and CEO, SBI Life Insurance, said that individual new business premium grew 30 per cent in fiscal 2018 to touch Rs 84.1 billion from Rs 64.7 billion for fiscal 2017, adding that the target is to achieve Rs 105 billion in FY19.
Ulip products accounted
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