SBI Life Reports Robust 25% Premium Growth in May Jun 09, 2025
SBI Life Insurance Company Limited demonstrated significant growth in May across key metrics. The company reported a 25.00% year-over-year increase in premiums, a 13.00% growth in total Annualized Premium Equivalent (APE), and a 4.00% increase in retail APE. These figures indicate positive momentum in the company's business operations and suggest a solid market position in the competitive insurance sector.
SBI Life Shares Surge Amid Assurance on Bancassurance Channel Apr 28, 2025
SBI Life Insurance: Share Price Surges 9% Following Q4 Results and 27% Annual Profit Increase Apr 25, 2025
SBI Life Insurance: Q4 Profit Marginally Up, Premium Income Declines Apr 24, 2025
SBI Life Insurance: Mixed Q4FY25 Projections Ahead of April 24 Results Announcement Apr 23, 2025
More news about SBI Life Insurance
08Apr 25
SBI Life Insurance Witnesses Significant Block Trade on NSE
A significant block trade of SBI Life Insurance Company Ltd. shares occurred on the National Stock Exchange (NSE). The transaction involved 347,995 shares at Rs. 1,467.80 per share, totaling Rs. 51.08 crores. This large-scale trade indicates substantial institutional interest in the stock and may reflect investor confidence in the company's prospects.
26Mar 25
SBI Life Insurance Faces ₹23.80 Crore Income Tax Penalty, Plans to Contest
SBI Life Insurance received a ₹23.80 crore penalty from the Income Tax Department for the Assessment Year 2018-19. The company plans to contest the order, filed on March 26, 2025, by appealing to the appropriate Appellate Authority. SBI Life asserts that this penalty will not materially impact its financial operations and believes the Tax Authority erred in adding an allowable expense. The company has informed stock exchanges as per SEBI regulations and announced a trading window closure from April 1, 2025, until 48 hours after declaring FY 2025 results.
25Mar 25
SBI Life Insurance Contests Rs 431 Crore Income Tax Demand for AY 2023-24
SBI Life Insurance received an Income Tax order for Rs 431 crore for the Assessment Year 2023-24. The company plans to appeal, citing erroneous income enhancement and incorrect tax rate application. The order includes a tax demand of Rs 352.50 crore and interest of Rs 78.50 crore. SBI Life claims the Tax Authority erroneously enhanced income and applied a 30% tax rate instead of the applicable 12.5% for life insurance companies. The company asserts this order will not materially impact its financial operations.
25Mar 25
SBI Life Insurance Faces ₹4.31 Billion Tax Demand, Company Remains Unfazed
SBI Life Insurance received an income tax order for ₹3.53 billion in tax and ₹785 million in interest for the Assessment Year 2023-24. The company states this will not adversely impact its operations and plans to appeal, citing incorrect calculations by tax authorities. SBI Life argues that the tax authority erroneously enhanced income and applied an incorrect tax rate. The company intends to file an appeal with the Appellate Authority.
24Mar 25
SBI Life Insurance Faces ₹431 Crore Tax Demand, Plans Appeal
SBI Life Insurance received a tax demand of ₹431 crore from the Income Tax Department for the Assessment Year 2023-24. The demand includes ₹352.50 crore in taxes and ₹78.50 crore in interest. The company plans to appeal, arguing that the tax authority erroneously enhanced both Policyholder and Shareholder income and applied an incorrect tax rate of 30% instead of the 12.5% applicable to life insurance companies. SBI Life asserts that this order will not materially impact its financial operations.
24Mar 25
SBI Life Insurance Faces 4.32 Billion Rupee Tax Demand, Company Remains Unperturbed
SBI Life Insurance received an income tax order for ₹4.32 billion, including ₹3.53 billion in tax and ₹785 million in interest, for the Assessment Year 2023-24. The company plans to contest the order, claiming errors in assessment and incorrect tax rate application. SBI Life argues that the tax authority wrongly enhanced both Policyholder and Shareholder income and applied a 30% corporate tax rate instead of the 12.5% rate for life insurance companies. Despite the substantial amount, SBI Life states this will not materially impact its financial operations.
10Mar 25
SBI Life Insurance Sees Significant Block Trade on NSE
SBI Life Insurance Company Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 115,583 shares traded at ₹1,420.40 per share, totaling approximately ₹16.42 crores. This block trade highlights continued interest in the insurance sector and may indicate strategic moves by large investors.
07Mar 25
SBI Life Insurance Soars on Ex-Date: Interim Dividend and Strong Q3 Performance
SBI Life Insurance Company Ltd saw its stock price rise as it turned ex-date for an interim dividend of Rs 2.7 per share. The company reported impressive Q3 FY2023-24 results with net profit surging 71.2% to Rs 550.8 crore. Net premium income increased by 11.3% to Rs 24,827.5 crore. Year-to-date figures show total revenue up 62.23% to Rs 133,665.1 crore and net profit up 10.07% to Rs 1,893.8 crore.
03Mar 25
SBI Life Insurance Sees Rs. 32.52 Crore Block Trade Amid Recent Corporate Updates
SBI Life Insurance Company Ltd. experienced a block trade of 225,195 shares at Rs. 1,444.15 per share on the NSE, totaling Rs. 32.52 crores. The company also initiated a Postal Ballot process, including e-voting from March 10 to April 8, 2025, and appointed scrutineers to oversee the process. These actions demonstrate SBI Life's commitment to shareholder engagement and corporate governance.
03Mar 25
SBI Life Insurance Declares Interim Dividend of ₹2.70 Per Share
SBI Life Insurance Company Ltd has declared an interim dividend of ₹2.70 per equity share. The company has also initiated a postal ballot process with e-voting scheduled from March 10 to April 8, 2025. Two scrutinizers have been appointed to oversee the voting process, demonstrating the company's commitment to corporate governance.
28Feb 25
SBI Life Insurance Declares Interim Dividend, Appoints New Independent Director
SBI Life Insurance announced an interim dividend of ₹2.70 per share for FY 2024-25, payable by March 30, 2025, to shareholders on record as of March 7, 2025. The company appointed Mr. Venugopal Bhaskaran Nayar, former LIC Managing Director, as Additional Independent Director for a three-year term. Other developments include the appointment of a new Secretarial Auditor and approval for a postal ballot on key matters including material related party transactions.
24Feb 25
SBI Life Insurance to Consider Interim Dividend for FY 2024-25, Sets March 7 as Record Date
SBI Life Insurance Company Ltd's Board of Directors will meet on February 28, 2025, to consider an interim dividend for FY 2024-25. The record date is set for March 7, 2025. The trading window for designated persons will be closed from February 24 to March 2, 2025, in compliance with SEBI regulations.