SBI Life Insurance Company Ltd.

SBI Life Insurance has reported results for first quarter ended June 30, 2018

The company has reported 13.04% rise in its net profit at Rs 354.31 crore for the quarter under review as compared to Rs 313.45 crore for the same quarter in the previous year. Net premium income of the company increased by 26.36% at Rs 4754.52 crore for Q1FY19 as compared Rs 3762.58 crore for the corresponding quarter previous year.

SBI Life is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.