ICICI Direct's research report on SBI Life Insurance
SBI Life (SBIL) is among most dominant players in the Indian life insurance industry with strong distribution network, parentage and operating metrics Balanced product mix with focus on opex ratio ahead of industry Strong parentage led distribution remain key catalyst
Outlook
Factoring distribution strength & diversified product mix, we retain our BUY rating on the stock We value SBIL at 3.1x FY23 EV with revised TP of Rs 1250
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