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Insurance Regulatory and Development Authority (Irda) had in July capped the difference between gross and net yield to customers at 300 basis points for 10-year policies and at 225 basis points for policies of more than 10 years. It also capped fund management...
Tags: Ulips, ticket sizes, basis points, low ticket, SBI Life, India, Mumbai, Insurance Regulatory and Development Authority, Allianz, Insurance, Unit Linked Insurance Plan, Finance, Life insurance, State Bank of India, Business Finance
Growth was driven mainly by a 50.4% growth in non-interest income to Rs3,525.16 crore. Non-interest income includes fee income, trading income, commissions, mark-to-market profit and licence fees. Net interest income (NII), however, rose only 2.8% to...
Tags: SBI Life, net profit
SBI Life Insurance posted a net profit of Rs 34 crore for the financial year ended March 31, 2008, in its third consecutive year of profitable operations. While the private insurer grew premium collections by 92% to Rs 5,622 crore in 2007-08, the new...
Tags: SBI Life