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SBI Life Insurance Company’s Q2 net profit falls 48%

SBI Life Insurance Company has reported results for second quarter ended September 30, 2019.

The company has reported 48.17% fall in its net profit at Rs 129.84 crore for the quarter under review as compared to Rs 250.53 crore for the same quarter in the previous year. However, total income of the company increased by 32.24% at Rs 12,745.38 crore for Q2FY20 as compared Rs 9638.27 crore for the corresponding quarter previous year.

SBI Life Insurance Company is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.