Diabytes
SBI Life Insurance News
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Staying the IRDAI's June 2 order transferring the life insurance business of Sahara India Life to SBI Life, the SAT said: "... we find it strange that such steps have been taken after a gap of 5 years and that too without granting an opportunity of hearing."
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This is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance to SBI Life, the company said.
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SBI Life Insurance reported a more than 16% decline in net profit.
The insurer's net profit declined by Rs 304 crore.
Total income increased to Rs 26,626.71 crore in the latest December quarter
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Customers who had opened their Jan Dhan accounts after August 28, 2018, can avail themselves of the insurance benefits.
One of the most important conditions is that the insurer should have applied for an ‘SBI RuPay Jan Dhan Card‘.
The insurance is given to the nominee on the death of the account holder outside of India.
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It debuted with 5 percent premium over the issue price of Rs 700 and saw intra-day high of Rs 738 and a low of Rs 702.25 on BSE.
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The company reported a profit of Rs 954.65 crore in 2016 -17, up 13 per cent from the previous financial year, he said.
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The building is located at No. 20 Pycrofts Garden Road in Nungambakkam.
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Kolkata: SBI Life Insurance is eyeing to achieve a growth of 30-40 percent in the new business premium in 2016-17, a top company official said.
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SBI on Tuesday said it is planning to monetise non-core assets and list some of its subsidiaries for meeting capital needs as well as global risk norms, Basel III, which will kick in from March 2019.
State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.
Mumbai-based SBI Life Insurance said on Saturday that it is targeting a 30 percent growth in first-year premiums this fiscal.
SBI Life Insurance, a subsidiary of SBI, Monday posted about 11 percent increase in its net profit at Rs 820 crore on account of new business growth for the fiscal ended March 2015.
SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.
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