SBI Life profits jump 52% to Rs 556 cr in FY’12

SBI Life Insurance has posted a 52 per cent increase in profits at Rs 556 crore for the financial year ended March 31, 2012. It is proposing a maiden dividend of 5 per cent.

The company is ranked number one among private life insurers in new business premium (NBP) for the financial year 2011-12, as per the latest report from IRDA.

SBI Life has increased its market share to 19.9 per cent in FY 2011-12 from 19.2 per cent in FY 2010-11.

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