SBI Life Insurance reports 5% rise in Q1 net profit
24th Jul 2019

SBI Life Insurance Company has reported results for first quarter ended June 30, 2019.

The company has reported 4.96% rise in its net profit at Rs 371.90 crore for the quarter under review as compared to Rs 354.31 crore for the same quarter in the previous year. Total income of the company increased by 40.46% at Rs 9,643.51 crore for Q1FY20 as compared Rs 6,865.52 crore for the corresponding quarter previous year.

SBI Life Insurance Company is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.