Birla Sun Life Insurance Company has clocked a profit in the first half of the current financial year. This comes with a sharp increase in the premium collections of linked individual pension plans and other linked individual life insurance plans. Birla Sun Life has seen an increase in premium collected across all its business lines which has seen the company report a profit after tax of Rs. 29.26 crores in the first half of this financial year.
A summary of the un-audited financial results of Birla Sun Life Insurance Company for the year ended 30th September 2010 is as follows:
Birla Sun Life Insurance Company recorded a Profit After Tax of Rs. 29.26 crores in the first half of this fiscal as compared to a loss of 238.36 crores in the same period last year.
The life insurance company seems to be well on their way to strong numbers this year as the second half of the year is where the real action happens with people increasing the purchase of life insurance plans for tax saving purposes.