Page 5 - Sbi Life Insurance

SBI Life extends rally on strong June quarter earnings

In the past six months, the stock has rallied 48 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex

SBI Life Insurance hits record high; surges 34% thus far in FY20

The stock of the insurance company was trading at its highest level since October 3, 2017

SBI Life share sale subscribed 3.4 times; stock ends 5% lower at Rs 675

The selling shareholder in the OFS was BNP Paribas Cardif, a joint venture partner in SBI Life

Time to take money out of India's stocks, says SBI Life Insurance CIO

As the euphoria generated by Modi's re-election settles down, investors are turning their attention to how the new government plans to bolster a slowing economy

Pensioners in Rajasthan duped into buying SBI Life Insurance Policies

Officials assured them it's a better plan than fixed deposits and misrepresented their annual income in order to fulfil the eligibility criteria

BNP Paribas Cardiff may trim stake in SBI Life; stock hits new low

The stock slipped 6% to Rs 553 on the BSE in intra-day trade after the company said that BNP Paribas Cardiff may trim stake in the company to comply with minimum shareholding norms.

SBI Life eyes 25% growth in FY19, leans on Ulip, pure protection products

SBI Life Insurance, a JV between State Bank of India and BNP Paribas Cardif S.A., is targeting to grow its new business premium (NBP) by 25 per cent in 2018-19. The growth will be driven by ULIP and pure protection products.Speaking to Business Standard after inaugurating company's new regional office in Chennai Sanjeev Nautiyal, managing director and CEO of the company, said that individual new business premium grew 30 per cent annually in Fiscal 2018 to touch Rs 84.1 billion as compared to Rs 64.7 billion and for Fiscal 2019, the target is to achieve Rs 105 billion.ULIP products accounted for 77 per cent in 2016-17 and currently it contributes around 73 per cent as the company is cautious approach to increase the contribution of pure protection products.Company says that in the pure protection profitability is good, though ticket size is small.The ULIP and protection, traditional policy with protection and a couple of other combinations would be among those.He said the company is ...

SBI Life Insurance Q3 standalone net rises 21% to Rs 2.3 billion

SBI Life said the increase in net premium income was primarily due to increase in retail new business premium and also due to increase in renewal premium from retail business

SBI Life bets on metals, oil and gas sectors for investment growth

SBI Life is a joint venture between top Indian lender State Bank of India and BNP Paribas Cardif, and went public last month after a $1.3 billion initial public offering

SBI Life Q2 up 6% at Rs 225 cr in maiden quarterly result post IPO

This is the maiden quarterly result by the company after it got listed early this month

Now, SBI Life Insurance targets cancer treatment

Minimum sum assured was Rs 10,000 and Rs 50,000

SBI Life Insurance files for IPO to raise Rs 7,000 crore

May fetch over $ one billion for SBI and BNP ParibasABHIJIT LELESBI LifeInsurance Co Ltd, joint venture between State Bank of India and BNP ParibasCardif, has filed papers draft prospectus with capital market regulator for aninitial public offering (IPO) of shares. The JV partners which may fetch morethan $1 billion on listing of shares. SBI, country'slargest bank, is selling up to 8 percent stake, or 80 million shares, in theunit as part of the IPO. BNP Paribas group is selling up to four percent stake(40 million shares), SBI said SBI Life said in statement.The prospectusfiled with Securities and Exchange Board of India did not mention how much theIPO would raise, although bankers have previously said it would likely raisemore than $1 billion. This being offer for sale by promoters, the life insurerwill not receive proceeds from IPO.The entireprocess for listing is expected to be complete by before December 2017. Theproceeds would help SBI to bolster its capital adequacy ratio (CAR) .

SBI sells 3.9% stake in life insurance arm for Rs 1,794 cr

SBI Life becomes the most valued private life insurer; deal to also boost bank stock

SBI Life Insurance IPO only after 2016-17

The valuation would be based on the performance in 2015-16

SBI Life unveils women centric life insurance plan

Plan provides for life cover, savings and female specific critical illness benefits