The Board of Directors of SBI Life Insurance Company Limited at its meeting held on March 25, 2021, has declared Interim Dividend of Rs 2.5 per equity share. The Board meeting commenced on 04:00 p.m. and concluded at 05:00 p.m.
SBI Life Insurance Quarterly Result
The company reported a 40 per cent fall in net profit for the December quarter due to rise in Coronavirus-linked provisions and policy level liabilities. Its gross premiums rose 18% year-on-year to Rs 13,874 crore during the reported period, helped by renewal of policies. Renewal premiums rose 24% to Rs 8,436 crore.
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SBI Life Insurance Dividend Record Date
The company has fixed April 6, 2021 as the Record date, in its letter it informed to the exchanges. Consequently, the declared dividend will be paid to those shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares determined with reference to the Record Date.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
We wish to inform that the meeting of Board of Directors of SBI Life Insurance Company Limited has declared an interim dividend of Rs 2.5/- (Two rupees and fifty paise only) per equity share with a face value of Rs.10 each (i.e. 25%) for the Financial Year 2020-21. The aforesaid Interim Dividend will be paid to the Shareholders on or before April 23, 2021.
Important Dates
- Company – SBI Life Insurance Company Limited
- Script Name – SBILIFE (NSE) and 540719 (BSE)
- Dividend Amount – 2.5 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 05 April 2021
- Record Date – 06 April 2021
- Payment Date – On or before April 23, 2021.
Also, you can find more information about SBI Life Insurance Company Limited on National Stock Exchange and Moneycontrol – SBILIFE is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Cardif. SBI has a 62.1% stake in the company and BNP Paribas Cardif owns a 22% stake.
