SBI Life Insurance Company is currently trading at Rs. 1084.60, up by 1.70 points or 0.16% from its previous closing of Rs. 1082.90 on the BSE.
The scrip opened at Rs. 1080.40 and has touched a high and low of Rs. 1085.75 and Rs. 1078.00 respectively. So far 1252 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1293.00 on 17-Jan-2022 and a 52 week low of Rs. 996.05 on 02-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1096.75 and Rs. 1052.50 respectively. The current market cap of the company is Rs. 108341.85 crore.
The promoters holding in the company stood at 55.48%, while Institutions and Non-Institutions held 36.61% and 7.91% respectively.
SBI Life Insurance Company has inked bancassurance pact with Paschim Banga Gramin Bank. Through this partnership all the branches of Paschim Banga Gramin Bank across West Bengal offer SBI Life’s range of protection, wealth creation, credit life, annuity and savings products, thereby increasing accessibility of life insurance solutions in the region.
Bancassurance is an arrangement between a bank and an insurance company, as a part of which the latter can sell its products to the lender’s customers.
SBI Life Insurance Company is carrying on business of life insurance and annuity. The Company’s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health and micro insurance.