SBI Life Insurance Company Ltd News

Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%

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

SBI Life least affected by new surrender norms: MD & CEO Amit Jhingran

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

Why SBI Life stock fell 5% despite net profit rising 39% YoY; reasons here

Shares of SBI Life Insurance fell 5.4 per cent at Rs 1,623 per share on the NSE in Thursday's intraday deals

SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore

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 Q2 results: Net profit jumps 39% to Rs 529 crore

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

RBI Policy: Will Bank Nifty fall to 50K or hit 52K today? Key levels here

Derivatives market update Oct 09: NSE F&O data shows that retail investors' are most bullish since the Lok Sabha poll outcome in June; their long-short ratio in index futures rose to 1.44.

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

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

Time to book profit in insurance stocks as GST meet looms? Key levels here

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.

F&O Cues: Nifty key level 25,150, hint options; 2 stocks with bullish bias

Derivatives market update for Sept 04: FIIs continue to hold long bets in index futures in the 5:2 ratio, while DIIs and retail hold shorts in 3:2 ratio. Three stock in F&O ban on Wednesday.

F&O Insights: IPCA, Divis Lab see bullish bets; 24,700 the key for Nifty

Derivatives market update: 12 stocks including Balrampur Chini, GNFC, India Cement, LIC Housing and National are in F&O ban on Thursday; 2 stocks see buildup up short positions; details here

LIC, HDFC Life: Insurers stocks log up to 20% gain in July; what next?

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.

SBI Life stock scales new high; up 13% in 3 days on strong Q1 performance

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).

SBI Life Q1FY25 results: Net profit increases 34% to Rs 519.5 crore

The company's new business premiums grew by 13 per cent YoY to Rs 7,030 crore in Q1FY25 against Rs 6,210 crore in the year-ago period

Life insurers extend rally on healthy growth in Q1; ICICI Pru at 52-wk high

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.

SBI General Insurance appoints Naveen Chandra Jha as its new MD & CEO

SBI General Insurance Company on Wednesday announced the appointment of Naveen Chandra Jha as its new Managing Director and Chief Executive Officer. He was nominated by the parent company, State Bank of India, for the position. He succeeds Kishore Kumar Poludasu. Jha has been associated with the State Bank of India since 1994 and has held several key positions during his tenure. Prior to his current role at SBI General Insurance, Jha served as Deputy Managing Director of SBI. During the year ended on March 31, 2024, the bank infused additional capital of Rs 489.67 crore in SBI General Insurance Company Ltd. The company has also allotted ESOP (Employee Stock Ownership Plan) to employees and consequently, the bank's stake has decreased from 69.95 per cent to 69.11 per cent.