Fall in costs boosts SBI Life numbers
Business Standard|April 27, 2024
The net profit of SBI Life Insurance Company increased to 811 crore during the quarter ended Q4 FY24, 8 per cent higher than the ₹776 crore in the year-ago period on the back of a decline in expenses.
AATHIRA VARIER

Sequentially, the profit expanded by 152 per cent from ₹321 crore in the third quarter of financial year 2024.

Net premium income of the largest private life insurer rose 26.23 per cent year-on-year (Yo-Y) to 25,116 crore in the reporting quarter from ₹19,896 crore in Q4 of FY23.

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