SBI Life Insurance Registers New Business Premium of Rs. 21,512 Crores for the Period Ended on 31st December, 2022 [Business Wire India]
Establishing a clear focus on protection, SBI Life's protection new business premium stood at
SBI Life's profit after tax stands at
The company's solvency ratio continues to remain robust at 2.25 as on
SBI Life's AUM also continued to grow at 17% to
The company has a diversified distribution network of 2,55,848 trained insurance professionals and wide presence with 990 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the period ended
Private Market leadership in Individual NBP of
20% growth in APE to
25% growth in Protection NBP to
44% growth in Value of New Business (VoNB) to
VoNB Margin increased by 478 bps to 29.6%
13% growth in PAT to
Robust solvency ratio of 2.25
Assets under Management stands at
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