SBI Life Insurance Sees 14% Profit Surge in June Quarter

SBI Life Insurance announced a significant financial upturn, showing a 14% rise in net profit to Rs 590 crore for the June quarter, compared to Rs 520 crore in the same period last year.

The company's total income increased to Rs 38,696 crore from Rs 34,392 crore a year ago, with a notable rise in new business premiums to Rs 7,270 crore, up from Rs 7,033 crore.

The board approved the re-appointment of Amit Jhingran as the Managing Director & Chief Executive Officer, highlighting the company's consistent growth and strategic leadership.

(With inputs from agencies.)