Mumbai, Maharashtra – July 29, 2011. SBI Life Insurance, one of the best life insurance companies in India has done it again. This year too company has reported a huge increase in net profit as compared to previous year’s performance. Riding on a rapid growth trajectory, the company has reported a massive 33% growth in net profit.
At a time when the industry is crowded with a large number of best life insurance companies, such performance and growth rate is a remarkable feat. Speaking on the company’s performance and rapid growth rate, senior officials have again reaffirmed company’s goal of delivering best life insurance products and services to its customers.
SBI Life Insurance has taken many steps to increase its hold over the life insurance plans market. At a time when there are many competitions in the life insurance plans sector, SBI Life insurance is continuously delivering quality insurance products to its customer. By keeping its operational cost at its minimum and controlling its variable expenditure, company is earning huge profits on its life insurance plans. Regular introduction of new life insurance plans as per the needs and requirement of the different sections of people is also hugely contributing to the success and popularity of SBI Life Insurance.
About SBI Life Insurance
SBI Life Insurance is a joint venture between State Bank of India, the largest public sector banking and financial institution in India, and BNP Paribas Assurance, the insurance service company of one of the leading banks in the world. In this joint venture the SBI owns a larger share of 74% of the total capital and the remaining shares are with BNP Paribas Assurance. The company has overall authorized capital of Rs. 2000 crores with it. It also includes Rs. 1000 crore in the form of paid up capital.
SBI Life Insurance Co. Ltd,
M.V. Road & Western Express Highway Junction,
Andheri (East), Mumbai – 400 069
Contact no: 1800-425-9010