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The company has passed a resolution for seeking members' approval through postal ballot for the purpose of re-appointment.
SBI Life Insurance Company is one of the leading life Insurance companies in India. It has a strong distribution network of 992 offices, 20,787 employees, a large and productive network of about 208,774 agents, 63 corporate agents and 14 bancassurance partners with more than 39,000 partner branches, 129 brokers and other insurance marketing firms.
The life insurer's net profit increased 15.6% to Rs 776.85 crore on 6.43% rise in total income to Rs 22,805.40 crore in Q4 FY23 over Q4 FY22.
Shares of SBI Life Insurance Company rose 0.55% to Rs 1,306.95 on the BSE.
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