SBI Life Q3 Review - On A Gradual Recovery Mode: Prabhudas Lilladher 
An applicant fills out an application form (Photographer Shiho Fukada/Bloomberg)

SBI Life Q3 Review - On A Gradual Recovery Mode: Prabhudas Lilladher 

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Prabhudas Lilladher Report

SBI Life Insurance Company Ltd. delivered a 7% de-growth in annualized premium equivalent on nine months FY21 basis versus 14% de-growth in H1 FY21 on back of 13% new business premium YoY.

Margins also improved by 50 basis points to 19.3% from H1 to nine month mainly on higher share of non-participating especially led by individual protection.

Although, in our view, despite mix change and decent volumes margin improvement was slightly slow, offset by faster recovery in unit linked insurance plans.

Click on the attachment to read the full report:

Prabhudas Lilladher SBI Life Q3FY21 Result Update.pdf

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