SBI Life sees 80 pc rise in FY09 premium income

Tuesday 09, December, 2008 MUMBAI: SBI Life Insurance hopes to garner 85 billion rupees of new business and sees premium income surging 80 percent in 2008/09, Chief Executive US Roy said on Monday. The life insurance unit of State Bank of India was also likely to infuse 5-6 billion rupees of capital in 2009/10, Roy told a media briefing in New Delhi. "Target for the company as a whole is around rupees 8,500 crore of new business," Roy said.

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