Motilal Oswal: SBI Life Q2 Review - Persistency Improves Across Cohorts; Cost Leadership Continues  
A person filling SBI Life Insurance form. (Source: BloombergQuint)

Motilal Oswal: SBI Life Q2 Review - Persistency Improves Across Cohorts; Cost Leadership Continues  

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Motilal Oswal Report

SBI Life Insurance Company Ltd. reported strong protection trends in both retail and group protection, while the trend in unit linked insurance plan remained tepid.

H1 FY21 value of new business margins remained broadly stable at 18.8% (versus 18.7% in Q1 FY21), supported by an improving business mix.

Persistency improved across cohorts, with the highest improvement seen in 61st month (by 340 basis point YoY to 60.9% in H1 FY21), which aided growth in the renewal business.

Click on the attachment to read the full report:

Motilal Oswal SBI LIfe Insurance Q2FY21 Result Update.pdf

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