SBI Life

Tuesday, Apr 23, 2024 | Last Update : 07:50 PM IST

The country's largest life insurer LIC, which is the only state-owned life insurance firm, witnessed more than two-fold rise in its new premium collection to Rs 26,030.16 crore in June.

LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

All the 24 life insurers had written new gross premium of Rs 16,611.57 in the same month a year ago.

14 Jul 2019 12:07 PM

According to the data released by the insurance regulator, the ‘new business premium’ of the life insurance industry for the month of April grew at 37 per cent to Rs 9,981 crore. (Photo: Representational Image)

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw high growth rates.

18 May 2019 2:33 AM

Sample this, the top five private life insurers today constitute 65 per cent of the private insurance market, while the remaining 18 private insurers have a combined market share of 35 per cent.

Promoters find it difficult to exit insurance business

The Indian insurers offer a return on equity (RoE) of 10-20 per cent compared to their Asian counterparts that offer RoE of 40-60 per cent.

16 May 2019 1:20 AM

Consumers will now have a direct access to SBI Life's range of protection, wealth creation and savings products.

Allahabad Bank, SBI Life join hand for bancassurance partnership

This will empower the consumer to address their complete financial needs under one roof.

31 Dec 2018 5:49 PM

The company will leverage SBI's sole branch in that country to service its products and tie-up with local banks later.

SBI Life to open Bahrain branch by December

Company has received the requisite approvals from the Central Bank of Bahrain and the Indian regulator IRDAI.

08 Oct 2017 11:35 AM

SBI Life, the insurance arm of the country’s largest lender made its market debut on Tuesday.

SBI Life makes market debut today; listed at 5 per cent premium to issue price

SBI Life is a joint venture between SBI and BNP Paribas Cardif (BNPPC).

03 Oct 2017 10:12 AM

The insurer had fixed the price band for the IPO at Rs 685-700 per share.

SBI Life to start its market innings on Tuesday

The initial public offer (IPO) of Rs 8,400 crore was oversubscribed 3.58 times on September 20-22.

29 Sep 2017 2:00 PM

Company's IPO involves promoters off loading up to 12 crore shares of face value of Rs 10 each through the offer of sale route.

SBI Life IPO oversubscribed 1.43 times

SBI will dilute up to 8 crore shares while BNP Paribas Cardif SA will offload up to 4 crore shares.

22 Sep 2017 1:19 PM

SBI Life Insurance Company has already raised Rs 2,226 crore from anchor investors as its initial share sale.

SBI Life's Rs 8,400 crore-IPO starts today; raises Rs 2,226 crore from anchor investors

SBI Life is a joint venture between India's largest lender SBI and BNP Paribas Cardif (BNPPC).

20 Sep 2017 12:27 PM

SBI Life Insurance Company Ltd will be happy to retain its 39 per cent growth momentum achieved last year, said an official.

SBI Life aims to maintain 39 per cent growth momentum

SBI Life is a joint venture between SBI and BNP Paribas Cardif -- the insurance arm of BNP Paribas.

18 Sep 2017 7:43 PM

Company is expected to file draft share sale documents with the Sebi in the next few weeks.

SBI Life gets final approval for IPO from SBI central board

SBI Life's net profit grew 10.9 per cent to Rs 954.65 crore in the year to March 2017.

11 Jul 2017 9:37 AM

During January-June period of the year, 13 companies have collectively raised over Rs 12,000 crore through their respective IPOs,

Fundraising via IPO rises 73 pc to Rs 12,000 cr in H1 2017

UTI Mutual Fund and SBI Life, are expected to launch their initial public offers to raise Rs 35,000 crore in coming months.

02 Jul 2017 11:46 AM

SBI eyes IPO of general insurance business in FY 18

SBI General Insurance reported profit in 2016-17 and the company will wait for a year or so before going for IPO.

18 Jun 2017 4:41 PM

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Aakar Patel