MUMBAI, India, Oct. 28, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹20,259 crores for the period ended on 30th September 2026 vis-a-vis ₹18,349 crores for the period ended 30th September 2025. Regular premium has increased by 21% over the period ended on 30th September 2025.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹3,235 crores for the period ended 30th September 2026, marking a growth of 46%. Protection Individual new business premium registered a growth of 20% and stood at ₹446 crores for the period ended 30th September 2026. Individual New Business Premium stands at ₹13,732 crores with 13% growth over the period ended on 30th September 2025.
SBI Life’s profit after tax stands at ₹1,274 crores for the period ended 30th September 2026 with a growth of 17% over the period ended on 30th September 2025.
The company’s solvency ratio continues to remain robust at 1.97 as on 30th September 2026 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 9% to ₹5,27,120 crores as on 30th September 2026 from ₹4,81,465 crores as on 30th September 2025, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 3,94,574 trained insurance professionals and wide presence with 1,244 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the period ended September 30, 2026
- Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.2% & 22.6% respectively.
- Annualized Premium Equivalent (APE) stands at ₹11,746 crores with growth of 18%
- Total New Business Sum Assured stands at ₹11,92,792 crores with 68% growth
- Improvement in 13M, 25M & 49M persistency by 44 bps, 110 bps & 40 bps respectively
- Value of New Business (VoNB) stands at ₹3,274 crores with growth of 19%
- VoNB Margin stands at 27.9%
- Indian Embedded value (IEV) stands at ₹87,349 crores with 15% growth
- Profit After Tax (PAT) stands at ₹1,274 crores with 17% growth
- Robust Solvency ratio of 1.97
- Assets under Management stands at ₹5,27,120 crores with 9% growth
- Operating Return on Embedded Value stands at 18.8%
Disclaimer
Except for the historical information contained herein, statements in this release which contain words or phrases such as ‘will’, ‘expected to’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. SBI Life Insurance Company Limited undertakes no obligation to update forward looking statements to reflect events or circumstances after the date thereof.
This release does not constitute an offer of securities.
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