SBI Life Insurance Business Performance FY2026
SBI Life Insurance Company Limited announced that its New Business Premium (NBP) for the period ended 30 September 2026 was ₹20,259 crore, compared with ₹18,349 crore in the corresponding period of 2025, reflecting a year‑on‑year increase. Regular premium grew 21% over the same period.
The protection segment contributed ₹3,235 crore in new business premium, marking a 46% rise year‑on‑year. Within protection, the Individual protection premium reached ₹446 crore, up 20%, while overall Individual new business premium stood at ₹13,732 crore, a 13% increase.
Profit after tax for the quarter was ₹1,274 crore, up 17% from the prior year. The company’s solvency ratio improved to 1.97, comfortably above the regulatory minimum of 1.50.
Assets under Management (AUM) expanded 9% to ₹5,27,120 crore as of 30 September 2026, from ₹4,81,465 crore a year earlier. The debt‑to‑equity mix remained at 60:40, with 94% of debt investments held in AAA‑rated and sovereign instruments.
SBI Life’s distribution network comprised 3,94,574 trained insurance professionals and 1,244 offices nationwide, leveraging bancassurance, agency, corporate agents, brokers, point‑of‑sale partners, insurance marketing firms, web aggregators and direct business channels.
The insurer retained private‑market leadership in Individual New Business Premium with a 25.2% market share and in Individual Rated Premium with a 22.6% share. Annualized Premium Equivalent (APE) reached ₹11,746 crore, up 18% YoY. Total New Business Sum Assured amounted to ₹11,92,792 crore, a 68% increase. Persistency improved across the 13‑month, 25‑month and 49‑month cohorts by 44 basis points, 110 basis points and 40 basis points respectively.
Value of New Business (VoNB) was ₹3,274 crore, growing 19% year‑on‑year, with a VoNB margin of 27.9%. Indian Embedded Value (IEV) stood at ₹87,349 crore, up 15%, and the operating return on embedded value was 18.8%.
Disclaimer: The release contains forward‑looking statements that involve risks and uncertainties, including those related to demand for insurance, execution of strategy, mergers and acquisitions, regulatory changes and other factors that could cause actual results to differ materially.