SBI Life Q1 Profit Rises 14%

  Published 8 months ago

SBI Life reports 14% YoY rise in Q1 profit to ₹5.94 billion, driven by strong policy renewal premium growth.

  • Net premium income grew 14%, supported by a 24% jump in renewal premiums despite weak market-linked policy demand.
  • Equity market volatility impacted new policy demand, but stable renewals helped offset the slowdown.
  • Strong renewal momentum highlights customer retention and core business strength in a challenging market environment.

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