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Sunday, December 29, 2019

SBI Life Insurance:


Biggest private life insurance company in India
  • 36% growth in Gross Written Premium
  • 33% jump in renewal premium
  • Expenses coming down - Total Cost ratio declined to 10.4% from 12%. Commission ratio slided to 3.9% from 4.1%.
  • AUM grew 23% to Rs.1,54,760 Cr (Sept 2019)
  • Debt equity Mix : 77:23
  • 90% of debt investments in AAA & G Sec's.
  • Bancassurance channel grew 32% - contributing 57% of New Business Premium.
  • Agency channel grew 21% - contributing 18% of the NBP.
  • Total number of 
    • Certified Insurance Provider = 54,282
    • Agents = 1,21,652
  • New Tie-ups:
    • Repco Home Finance : 170 branches reach
  • Existing Tie-ups:
    • SBI
    • South India Bank
    • Indian Bank
    • Punjab & Sind Bank
    • Allahabad Bank
    • Syndicate Bank

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