SBI Life Insurance FY12 profit surges 52% y-o-y
The insurer, collected R6,602 crore of Renewal Premium during FY 2011-12, a growth of 23% y-o-y.
The persistency level, as per the standard 13-month industry measure, has moved up to 72 %, an increase of 3% points over the corresponding period last year. Consequently, the Gross Written Premium (GWP) collected by company recorded at R13,133 crore, a growth of 1%, over the last financial year. The Asset Under Management jumped 16 % y-o-y to R46, 576 crore.
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