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VERIFIEDET Stocks·positive
SBI Life Q1 results: Profit rises 22% YoY to Rs 720 crore on strong premium growth
AI Summary
- ·SBI Life Insurance reported a 22% year-over-year increase in profit to Rs 720 crore for the June quarter.
- ·Gross written premium saw a 20% rise, and the value of new business climbed by 29%.
- ·The insurer also experienced growth in embedded value, improved persistency, and steady growth in assets under management.