SBI Life Stock Drops 5% Despite 39% Profit Rise – Key Reasons Explained

SBI Life Shares Drop 5% Despite 39% Profit Growth – Key Reasons

SBI Life shares fell 5.4% to Rs 1,623 on the NSE, despite a 39% rise in profit. Main reasons include:

1. Low Premium Growth: Net premium income grew just 1%.

2. Weak Business Mix: Shift to linked and PAR products cut margins.

3. Slow First-Year Premium Growth: Up by only 6%.

4. SBI Growth Slower: Lagged at 5.2% year-on-year.