[sbinews] SBI Life Sees Rs 140-cr Earnings From Premia (Financial Express)

  • From: "Rajendra S Pai" <rajendra.pai@xxxxxxxxx>
  • To: sbinews@xxxxxxxxxxxxx <sbinews@xxxxxxxxxxxxx>
  • Date: Fri, 5 Dec 2003 10:8:27 +0500

SBI Life Sees Rs 140-cr Earnings From Premia
Financial Express
OUR ECONOMIC BUREAU
 UR ECONOMIC BUREAU
NEW DELHI, DEC 4:  SBI Life Insurance, a joint venture between State Bank of 
India and French insurance major Cardiff SA, is likely to record a premium 
earning of about Rs 140 crore during the current fiscal. Last year, the 
company?s premium earning was estimated at Rs 72 crore.
 estimated at Rs 72 crore.
 estimated at Rs 72 crore.
Managing director and CEO R Krishnamurthy told FE that last year about 50 per 
cent of this had come from single premium policy. ?This year, we have had no 
single premium policy due to the imposition of withholding tax,? he said.




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