SBI Life soars 2.55% on stable Q4 result

SBI Life has achieved market leadership based on Individual New Business Premium and Individual Rated Premium in FY 2020.

May 06, 2020 06:05 IST India Infoline News Service

SBI Life
Investors gave thumbs up to SBI Life Insurance shares on Wednesday's trading session post Q4 result announcement. SBI Life shares have so far jumped by 2.55% on Sensex with an intraday high of Rs715.65 per piece.

At around 11.35 am, SBI Life share was trading at Rs724.60 per piece up by 1.25%.

The company's share finished at Rs715.65 per piece in the previous closing.

SBI Life witnessed a net profit of Rs530.67cr during March 2020 (Q4FY20) result, witnessing a rise of 15.9% yoy. However, the insurer saw net premium income grew by single-digit to Rs11,862.98cr in Q4 up by 4.67yoy.

SBI Life has achieved market leadership based on Individual New Business Premium and Individual Rated Premium in FY 2020.

This fiscal, SBI Life has not proposed final dividend following IRDAI guidance where Insurers are asked not to refrain from dividend payouts from profits pertaining in FY20.

Related Story