SBI Life’s growth in premiums was driven by retail individual business, the insurer said, adding that even renewal premiums have grown faster in this segment. The country’s largest private life insurer, SBI Life Insurance Co. Ltd, reported an impressive 41.9% growth in new business premium for the quarter ended December. Bullish equity markets have stoked the sales of market-linked products for most insurers and SBI Life is no exception. For SBI Life, traditional policies still form the lion’s share of its product portfolio and the insurer saw a growth of 18% in protection plans. While SBI Life trumps competition in terms of growth, it now has to shoot for quality of business by focusing on protection plans.

Source: Mint January 31, 2018 02:37 UTC