SBI Life Insurance Review

India’s life insurance sector is on a growth move as compared to other sectors where we can see a saturation point or slow growth. There are three life insurance companies listed as on date:

  • ICICI Prudential Life Insurance company
  • HDFC Life insurance Company
  • SBI Life Insurance Company

All these three have given handsome returns in last 8-9 months to their investors.

SBI Life Insurance Company

It is a Joint Venture of SBI Bank and BNP Paribas Cardiff. SBI has offloaded 4.5% of his stake in SBI Life insurance on 12th Sep’2019 at Rs. 792.85 per share

The promoters SBI and BNP Paribas Cardiff presently owns 57.6% and 5.2% stake respectively as on 30th Sep 2019.

SBI Life has a multi-channel distribution network comprising of an expansive Bancassurance channel with SBI, which has an unrivaled strength of over 22,000 branches across the country. SBI Life also has a large and productive agent network comprising of 121,652 agents, as on September 30, 2019. The Company’s other distribution channels include direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries. As on September 30, 2019, the Company has a widespread network of 923 offices across the Country to address customer needs effectively and efficiently.

SBI Life Insurance posted a 48.2% year-on-year (YoY) drop in its September quarter net profit to Rs 129.84 crore. Earnings were impacted as the insurer made Rs. 70.3 crore of provisions for diminution in value of investments in Q2FY20, otherwise earnings matched analyst expectations. No such provisions were made in the year-ago period.

Chart Analysis

Recommendation: Buy for Long Term between Rs. 700-720, Target : Rs.1100-1120

SBI Life Result Review_Market Guru.pdf

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