Tag: Sbi Life Insurance

Mumbai: The initial public offering (IPO) of SBI Life Insurance was oversubscribed by 3.57 times on the final day of offering. On Friday at 7 p.m. the IPO attracted over 3.5 times the allocated limit. At upper end of the price band, the IPO attracted subscription of close to Rs 25,000 crore (inclusive of anchor […]

Chennai: The Rs 8,400 crore Initial Public Offering by private insurer SBI Life Insurance Co Ltd that opened on Wednesday is attracting good investor interest, a company spokesperson said. In a statement, SBI Life Insurance said it has finalised the allocation of 3.18 crore equity shares at Rs 700 per share totalling Rs 2,226 crore to […]

Chennai: The Securities Appellate Tribunal (SAT) has to decide on the refund of around Rs 275 crore to policy holders, a senior official of SBI Life Insurance Company said on Thursday. “The case is pending in SAT. We have no say on it now,” SBI Life Insurance President M. Anand told reporters here. It has […]

Mumbai: SBI Life Insurance, which is going to come up with an initial public offer (IPO), today said the company will focus on protection products, including critical illness. “Recently, we had launched a ‘Sampoorn Cancer Suraksha’, which is a critical care product. Going forward, we are planning to bring out more protection products, including critical care […]