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SBI Life Insurance Co. Ltd. ( (IN:SBILIFE) ) has provided an announcement.
SBI Life Insurance Company Ltd. announced the acquisition of 65,90,000 equity shares in Bima Sugam India Federation, a not-for-profit company aimed at creating a centralized insurance marketplace. This move aligns with the Insurance Regulatory and Development Authority of India’s initiative to improve insurance access and customer experience, supporting the goal of achieving ‘Insurance for all’ by 2047.
More about SBI Life Insurance Co. Ltd.
SBI Life Insurance Company Ltd. operates in the insurance industry, providing a range of life insurance products and services. The company is focused on enhancing customer experience and expanding access to insurance as part of its market strategy.
YTD Price Performance: 6.29%
Average Trading Volume: 27,301
Current Market Cap: 1460.4B INR
Learn more about SBILIFE stock on TipRanks’ Stock Analysis page.