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SBI Life Insurance hits record high; gains 16% in three months

Analysts believe SBIL is well positioned for long term growth given its strong market position, solid product portfolio, diversified distribution network, healthy capital position.

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

SI Reporter Mumbai
Shares of SBI Life Insurance (SBIL) hit a record high of Rs 1,049.85, up 1.5 per cent on the BSE in the intra-day trade on Tuesday. The stock of the insurance company surpassed its previous high of Rs 1,040, touched on May 7, 2021.

In the past three months, SBIL has beaten the market by gaining 16 per cent, as compared to an 8 per cent rise in the S&P BSE Sensex. In January-March quarter (Q4FY21), SBIL had reported 31.1 per cent year-over-year (YoY) increase in gross premium to Rs 15,647 crore in Q4FY21, driven by a strong growth

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