27 Jul 2022 , 04:31 PM
Analysts at IIFL Securities forecast Annualized Premium Equivalent of Rs28 billion for SBI Life Insurance in the June quarter. This will be a y-o-y growth of 73%. Value of New Business (VNB) is forecasted at Rs7.3 billion. This will be a y-o-y growth of 86.8%. VNB margin is forecasted to stand at 26%. This will be a y-o-y increase of 190 basis points. Retail non-participatory savings plans and group protection plans are likely to be the key drivers of growth for the company.
Key management insights to look into:
June 2023 estimate | Y-o-Y growth | |
New business premium (Rs bn) | 55.9 | 67.1% |
Renewal premium (Rs bn) | 57.9 | 15% |
Total APE (Rs bn) | 28 | 73% |
Savings APE (Rs bn) | 24.7 | 76.2% |
VNB (Rs bn) | 7.3 | 86.8% |
VNB Margin | 26% | 190 bps |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.