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Exploring the Relationship between the Profits of SBI Life Insurance and SBI General Insurance Company

1 Dr. Shankargouda B. Lakkangoudr

1Associate Professor, School of Commerce, Presidency University, Bengaluru, Karnataka, INDIA

Email – shankargouda@presidencyuniversity.in/ shankargoudaguru@gmail.com

Abstract:   This study delves into the relationship between the profits of SBI Life Insurance and SBI General Insurance Company. Understanding this dynamic is crucial for both investors and academics, as it sheds light on how the financial performance of SBI subsidiaries influence each other. The research emphasizes that the financial success of one subsidiary company (SBI LIFE Insurance Company) plays a significant role in enhancing the financial success of other subsidiary company (SBI General Insurance Company) which is into insurance business. Specifically, the study focuses on the State Bank of India (SBI), the largest public sector bank in India. Using profit data from the past ten financial years, up to the fiscal year ending in 2024, sourced from secondary data, correlation tests were conducted to analyse the profits of SBI Life Insurance and SBI General Insurance Company. The findings reveal that the profits of SBI Life Insurance and SBI General Insurance Company are positively correlated with each other and demonstrating a strong interdependence within the organization.

Key Words:  SBI Life Insurance Company, SBI General Insurance Company, Profit