Exide Life Insurance

Exide Life Insurance Q4 results: Net profit at Rs. 28 crores

Exide Life Insurance Q4 results: Net profit at Rs. 28 crores

New Delhi: To begin with, Exide Life Insurance had reported Q4 results. Precisely, it has gained a net profit of 88.7% at Rs. 28.30 crores for the March 2020 quarter. 

Earlier, in the year-ago period, the private sector insurer had posted a net profit of Rs. 15 crores. Also, the gross written premium during the year increased by 12% at Rs. 3,220 crores. 

The company said that it had attained its highest claims settlement ratio of 98.15%. It also stated that it has a healthy solvency ratio of 210%.

On the other hand, the company had also announced its policyholder bonus distribution of Rs. 324 crores in FY20. 

July 3rd Stock Market Details: 

Yesterday, both the Sensex and the Nifty had traded with a bullish trend in the stock market. The Sensex traded with a profit of 152.88 points and reached 35,994.25 levels with a 0.42% gain. On the other side, the Nifty traded high with 49.90 points at 10,599.60 level with a 0.47% gain. 

Besides, as of July 4th, the number of confirmed COVID-19 cases across India has reached 6,48,315. Also, the number of deaths in the country has reached 18,655. 

In the border market yesterday, the S&P BSE Midcap index gained 98.78 points with a 0.75% rise and reached a 13,314.52 level. Also, the S&P BSE Smallcap index gained 75.17 points with a 0.60% rise and reached a 12,618.51 level. At the same time, the Nifty Bank lost 96.00 points with a 0.44% fall and reached 21,848.40 level. 

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