SBI Life to leverage bank route for sales growth

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SummarySBI Life Insurance is focusing more on the bancassurance channel to grow its retail business by leveraging the huge branch networks

business to shed major risks associated with it has already impacted revenue collection, the company said it will go ahead with the plan to boost its bottom line for a ‘healthy’ growth.

The insurer garnered R622 crore net profit in FY13 and is confident of crossing its profit target of R750 crore for FY14.

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