SBI Life registers 25% growth

New Delhi, June 20 (UNI) SBI Life Insurance Company Ltd today announced a total of 9 per cent return on Lifelong Pensions scheme and a simple annual bonus of 5 per cent in addition to the guaranteed return of 4 per cent per annum for all policies inforce as on March 31, 2006.

''As all our products have delivered good results, we rre pleased to share the benefits with our customers through a bonus increased by 25 per cent as compared to last year''said SBI MD and CEO S Krishnamurthy said.

On endowment policies, bonus declared is 1.25 per cent of Sum Assured under Sanjeevan Supreme while for plan A under Sudarshan it is 2.25 per cent on the basic Sum Assured and 1.5 per cent for Plan B on increased Sum Assured.

Bonus declared on the children's policies is 2.75 per cent (inclusive of guaranteed return) for Scholar and 1.5 per cent for Scholar II.

On Money Back policies, the Company has declared a bonus of 1.5 per cent. On Sanjeevan and Young Sanjeevan, the bonus declared is 1.25 per cent of the Sum Assured.

SBI Life Insurance is a joint venture between the State Bank of India and Cardif SA of France.

UNI VJ ARB PC2124