SBI Life Insurance FY2026 Business Performance

SBI Life Insurance Company Limited reported a New Business Premium (NBP) of ₹8,908 crore for the period ended 30 June 2026, representing a 22% increase over the ₹7,268 crore recorded for the same period in 2025. Regular premium grew 40% year‑on‑year.

Protection‑related new business premium reached ₹1,958 crore, doubling from the prior year, while Protection Individual new business premium rose 22% to ₹202 crore. Individual New Business Premium stood at ₹5,613 crore, up 14% versus the previous year.

Profit after tax (PAT) for the quarter was ₹725 crore, a 22% rise from FY2025. The company’s solvency ratio remained robust at 1.96, comfortably above the regulatory minimum of 1.50.

Assets under Management (AUM) grew 10% to ₹5,24,850 crore as of 30 June 2026, up from ₹4,75,813 crore a year earlier. The debt‑equity mix is 60:40, with 94% of debt investments allocated to AAA‑rated and sovereign instruments.

The insurer’s distribution network comprises 3,71,935 trained insurance professionals and 1,241 offices nationwide, leveraging bancassurance, agency, corporate agents, brokers, point‑of‑sale (POS) partners, insurance marketing firms, web aggregators and direct business channels.

Key market metrics for the period include:

  • Private market leadership in Individual New Business Premium (24.9% share) and Individual Rated Premium (22.2% share).
  • Annualized Premium Equivalent (APE) of ₹5,379 crore, up 36% YoY.
  • Total New Business Sum Assured of ₹8,50,025 crore, reflecting a 211% increase.
  • Persistency improvements of 61 basis points for the 13‑month cohort and 68 basis points for the 49‑month cohort.
  • Value of New Business (VoNB) of ₹1,408 crore, up 29%, with a VoNB margin of 26.2%.
  • Indian Embedded Value (IEV) of ₹85,293 crore, growing 15%.

The release includes a standard disclaimer noting that forward‑looking statements are subject to risks and uncertainties, including demand fluctuations, strategic execution, merger and acquisition integration, regulatory changes, and other factors that could cause actual results to differ materially.