Friday, Apr 25 2025 | Time 03:10 Hrs(IST)
Business Economy


SBI Life Insurance registers new business premium of Rs 35,577 cr

Kolkata, Apr 24 (UNI) SBI Life Insurance has registered a new business premium of Rs 35,577 cr for the year ended on 31st March, 2025 vis-a-vis Rs 38,238 cr for the year ended March 31, 2024.
Regular premium has increased by 11% over previous year ended on 31st March, 2024.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at Rs. 4,095 crores for the year ended March 31, 2025. Protection Individual new business premium stands at Rs. 793 crores for the year ended March 31, 2025.
Individual New Business Premium stands at Rs. 26,360 crores with 11% growth over previous year ended on 31st March, 2024.
SBI Life’s profit after tax stands at Rs. 2,413 crores for the year ended March 31, 2025 with a growth of 27% over previous year.
The company’s solvency ratio continues to remain robust at 1.96 as on March 31, 2025 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 15% to Rs. 4,48,039 crores as on March 31, 2025 from Rs. 3,88,923 crores as on March 31, 2024, with the debt-equity mix of 61:39. 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 309,034 trained insurance professionals and wide presence with 1,110 offices across the country, comprising strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
UNI SJC BM
More News

Laurus labs Q4FY25 net profit rises 208 pc to Rs 234 cr

25 Apr 2025 | 1:16 AM

Hyderabad, Apr 24 (UNI) Laurus Labs Ltd., a leading research and development driven pharmaceutical and biotech company in India, on Thursday said that its net profit increased 208 per cent to Rs 234 crore for the fourth quarter ended March 31,2025 as against Rs 76 crore for the corresponding quarter of FY24.

see more..

Axis Bank Q4FY25 net profit marginally down to Rs 7,118 crore

24 Apr 2025 | 10:07 PM

Mumbai, Apr 24 (UNI) Axis Bank on Thursday reported a marginal dip in its standalone net profit to Rs 7,118 crore for the quarter ended March 31, 2025 (Q4FY25), compared to Rs 7,130 crore in the same period last year. However, the private sector lender outperformed market expectations on the back of stronger core lending income.

see more..

SBI Life Insurance registers new business premium of Rs 35,577 cr

24 Apr 2025 | 8:40 PM

Kolkata, Apr 24 (UNI) SBI Life Insurance has registered a new business premium of Rs 35,577 cr for the year ended on 31st March, 2025 vis-a-vis Rs 38,238 cr for the year ended March 31, 2024.

see more..
Tata Steel’s Cold Rolling Mill in Jamshedpur celebrates 25 years of excellence in advanced steel manufacturing

Tata Steel’s Cold Rolling Mill in Jamshedpur celebrates 25 years of excellence in advanced steel manufacturing

24 Apr 2025 | 6:55 PM

Kolkata, Apr 24 (UNI) Tata Steel commemorates 25 years of its Cold Rolling Mill (CRM) Complex at Jamshedpur - a landmark facility that has redefined India’s capabilities in manufacturing high-quality cold rolled and galvanised steel for the automotive, appliance, and construction sectors.

see more..

Pune among top 5 cities for digital payment transactions in H2 2024: Worldline India

24 Apr 2025 | 6:53 PM

Pune, Apr 24 (UNI) Pune ranked amongst top five cities in the country in digital payment transactions in second half of calendar year 2024 (July–December 2024), revealed the findings released by Worldline, a global leader in payment services, on Thursday.

see more..