SBI Life - Sabse Bada Income !!!

Well ..... SBI still stands for State Bank of India ... but the way they have posted their profit and growth, I feel the new expansion - "Sabse Bada Income" suites more :)

SBI Life Insurance has posted a whopping Rs 276 crore net profit in 2009-10, as against a net loss of Rs 26 crore in the previous year.

The private life insurer crossed the Rs 10,000 crore mark in gross written premium, growing by over 40% during the year. Its assets under management jumped 96% to Rs 28,551 crore and new business annualised premium equivalent (APE) rose 37% to Rs 6,358 crore. It reported a 31% rise in new business premium of Rs 7,040 crore.

Read more - SBI Life swings to big profit
Source - http://www.dnaindia.com/