Review
SBI LIFE INSURANCE COMPANY LTD
Ticker : 540719
FV : Rs 10
52-Week H/L : Rs 1019.65/520

We had previously recommended SBI Life Insurance Company Ltd in vol. 36, no. 01, dated October 28, 2019, when the scrip was trading at Rs 969.30 per share and was recommended based on strong technical and fundamental indicators. The company operates in the life insurance business. Its net premium increased by 27.16 per cent to Rs 12,857.95 crore in Q2FY21 from Rs 10,111.51 crore in Q2FY20. Net commission rose by 1.53 per cent to Rs 414.49 crore in Q2FY21 from Rs 408.23 crore in Q2FY20. The company reported a net profit of Rs 299.73 crore for Q2FY21, increasing significantly by 130.84 per cent from Rs 129.84 crore reported in Q2FY20. SBI Life Insurance continues to improve its customer engagement while focussing on operational efficiencies and harnessing technology to strengthen its business. Hence, we recommend HOLD.