Monday 1 February 2016

SBI Life eyes 30-35% growth over up coming 3 years


SBI : SBI Life Insurance Company keeping eye at an overall growth of 30-35 per-cent for the up coming two-three years on the back of growing agency and bancassurance distribution segments.Click for Stock option tips The company is also estimating 40 per-cent rise in new business premium this financial year, SBI Life Managing Director and CEO Arijit Basu.

Company is looking at 30-35 percent growth for the next 2-3 years. This will be mainly by maintaining 15 percent growth in the agency distribution model and high growth estimated in the bancassurance model.

"We want to maintain growth of 20-25 per-cent in our agency model and over 50 per-cent in our bancassurance model," he also contributed. Mr. Basu told the organization has not fully tapped the bancassurance model, which has immense potential.

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