Comprehensive Overview of SBI Life Insurance Company Limited FY 2025-26 Disclosures
SBI Life Insurance Company Limited (NSE: SBILIFE | BSE: 540719) reported strong financial performance for FY 2025-26 with robust growth across key metrics. The company achieved ₹1,012.9 billion in gross written premium, representing 19.2% growth, and ₹24.7 billion profit after tax with 2.36% growth. Assets under management grew to ₹4,871.6 billion while net worth increased to ₹190.8 billion.
Financial Performance Highlights
The company demonstrated strong operational metrics with 85.2 million inforce lives, 87.9% 13th month persistency ratio, and 99.4% death claim settlement ratio. Embedded value reached ₹807.91 billion with 15.0% growth, while value of new business stood at ₹66.67 billion with 27.5% margin. The solvency ratio remained strong at 190% against the regulatory requirement of 150%.
26th Annual General Meeting
SBI Life issued notice for its 26th AGM to be held on August 14, 2026 via video conference. Shareholders will vote on confirming the interim dividend of ₹2.70 per share as final dividend and revising MD & CEO remuneration subject to IRDAI approval. The e-voting period runs from August 10-13, 2026 through KFin Technologies platform.
Corporate Governance and Board Structure
The board comprised eight directors with five independent members and held eight meetings during FY26. The company maintained nine board committees overseeing audit, investment, risk, policyholder protection, and technology governance. Independent directors were paid ₹1.44 crore in sitting fees, while MD & CEO received ₹1.97 crore in total remuneration.
Audit and Regulatory Compliance
Auditors K.S. Aiyar & Co. and J Singh & Associates issued an unmodified opinion on the financial statements, confirming compliance with Insurance Act and IRDAI regulations. Key audit matters included valuation of investments (₹49.2 lakh crore book value), IT systems controls, and assessment of contingent liabilities (₹60.48 crore). The company reported full compliance with IRDAI corporate governance regulations and SEBI listing requirements.
Investment Portfolio and Performance
The investment portfolio showed ₹183,457 lakh invested in promoter group entities representing 0.74% of total ULIP FUM. Investment yield stood at 2.4% for policyholders' funds and 8.2% for shareholders' funds. The company recognized an incremental charge of ₹13,549 lakh towards employees' past service benefits due to implementation of new Labour Codes.
Digital Transformation and Distribution
Digital initiatives showed significant progress with 99.7% of individual proposals submitted digitally and 97.6% renewal premiums collected digitally. The Smart Care app crossed 1 million downloads with 30+ self-service features. Distribution channels performed strongly with bancassurance contributing 60.0% of total APE through SBI and RRBs, while agency channel individual APE reached ₹68.6 billion with 15.3% growth.
CSR and Sustainability Initiatives
The company spent ₹200.1 million on CSR initiatives focusing on livelihood (14,000+ beneficiaries), education (600+), healthcare (4,400+), and environment (9 lakh+ saplings). The Sambhav Program provided a unified CSR identity covering four pillars of development.
Overall, SBI Life demonstrated strong financial and operational performance in FY26 while maintaining robust corporate governance practices and regulatory compliance across all business segments.