SBI Life Insurance Company declines on reporting 14.93% fall in new premium income in September
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SBI Life Insurance Company is currently trading at Rs. 1192.45, down by 20.70 points or 1.71% from its previous closing of Rs. 1213.15 on the BSE.
The scrip opened at Rs. 1201.15 and has touched a high and low of Rs. 1216.00 and Rs. 1186.35 respectively. So far 12258 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1339.55 on 08-Sep-2022 and a 52 week low of Rs. 1003.60 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1256.80 and Rs. 1186.35 respectively. The current market cap of the company is Rs. 119190.00 crore.
The promoters holding in the company stood at 55.48%, while Institutions and Non-Institutions held 36.19% and 8.33% respectively.
SBI Life Insurance Company has reported 14.93% fall in the new premium income of Rs 2471.37 crore in September 2022-23, as against Rs 2905.02 crore in same period of 2021-22, out of which Individual Single Premium stood at Rs 686.77 crore in September 2022, Individual Non-Single Premium stood at Rs 1220.10 crore, Group Single Premium stood at Rs 496.21 crore, Group Non-Single Premium stood at Rs 0.74 crore and Group Yearly Renewable Premium stood at Rs 67.54 crore in same month.
SBI Life Insurance Company is carrying on business of life insurance and annuity. The Company’s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health and micro insurance.
