Shares of SBI Life Insurance Company hit a new high of Rs 1,332.30, up 2 per cent on the BSE in Thursday's intra-day trade, in an otherwise subdued market on expectation of robust growth outlook. The stock of the insurance company has rallied 24 per cent in the past two months, while it has surged 16 per cent in the past six months. This compares with a 4 per cent rise in the S&P BSE Sensex during the six-month period. SBI Life is a subsidiary company of State Bank of India (SBI).