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SBI Life leads to number one pvt insurer ahead of ICICIPru

Keywords : SBI Life ICICI Prudential Life Insurance Premium 

SBI Life has overtaken ICICI Prudential to become the country largest private insurer in terms of first year premium collection for year 2010.

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Assurance. SBI owns 74 per cent of the total capital in the JV and BNP Paribas Assurance holds the remaining 26 per cent.

sbilife-vs-iciciprulife

In percentage terms, new business of ICICI Prudential, a 74:26 joint venture between ICICI Bank and UK-based Prudential Plc, increased by almost 21 per cent compared to the same period last year. While SBI Life growth was 7 per cent during the April-December period.

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