SBI Life posts Rs 116-cr profit

SBI Life Insurance registered a net profit of Rs 116 crore during the first half of the current financial year. The company s assets under management (AUM) grew 68% at Rs 21,922 crore. SBI Life Insurance MD & CEO MN Rao told FE, The growth was driven by two factors---renewable premium and bancassurance channel. SBI Life Insurance recorded a 17% jump in the total premium to Rs 3,407 crore during the first half of the current fiscal. It hopes to achieve a growth of 25% on year-on-year basis in total premium during the second half of the current financial year. Renewable ...

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