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19-Jan-2025

SBI Life Insurance Company

Aims to sustain a medium-term individual APE growth of 15-17%, expects VoNB growth around 10%


'SBI Life Insurance Company conducted a conference call on 17 January 2025 to discuss its financial results for the quarter ended December 2024. Amit Jhingran, MD&CEO addressed the call:

Highlights:

The company has witnessed exceptionally strong Q3FY25 setting a very high benchmark. Despite, the high base from last year''s Q3, the company has continued to perform well.

New business premium was one of the highest ever in December 2024.

The company has seen progress in several key areas demonstrating the strength and dedication of teamwork.

The company is building a strong base by improving the agency and banca productivity levels.

During December 2024, the company added one more product in Platina series that is a smart platina Supreme, a non-par guaranteed savings product which provides a stable guaranteed income stream ensuring financial security. The initial response has been encouraging and t...



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