Fundamental Recommendation

SBI LIFE INSURANCE COMPANY

BUY:Rs.623.15
Target:Rs.700
Ticker : 540719 
FV: Rs.10 
Equity: Rs. 1000 Cr.
52-Week H/L:Rs.774.75/487 



SBI Life Insurance Company Limited (SBI Life) is one of the leading life insurance companies in India. The company offers individual and group products, which include savings and protection plans to address the insurance needs of diverse customer segments. In Q3FY19, the net sales stood at Rs. 291.61 crore, up 19.44 per cent from Rs. 244.15 crore in December 2017. The company’s net profit stood at Rs. 264.28 crore as against Rs. 230.28 crore. SBI Life has a large advantage due to its tie-up with SBI, which has a network of 2200 branches. It also has one of the largest and productive agency networks, which adds to its distribution strength. The company reported the highest new business premium over the last three years among top private insurers, thus increasing its market share to 20 per cent. Considering the above factors, we recommend a BUY.