News From Press SBI Life delivers on growth, while ICICI PruLife wins in profitability

SBI Life delivers on growth, while ICICI PruLife wins in profitability

SBI Life’s term plans are flying off the shelves faster than peers. Analysts say this augurs well for growth outlook

Mint Oct 28, 2020

When it comes to growth, India’s largest private sector life insurer hasn’t disappointed. Notwithstanding its size, SBI Life Insurance Co. Ltd reported a new business premium growth of 27% for the September quarter. In comparison, ICICI Prudential Life Insurance Co. Ltd which released its September quarter results on Tuesday reported tepid growth metrics. New business premium growth was hardly more than 1% for the life insurer.

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