Mumbai : SBI
Life Insurance, one of the leading life insurers in the country registered a New
Business Premium of ₹42,551 crores for the year ended on 31st
March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st
March, 2025. Single premium has increased by 28% over the year ended on 31st
March, 2025.
Establishing
a clear focus on protection, SBI Life’s protection new business premium stood
at ₹4,622 crores for the year ended 31st
March, 2026, marking a growth of 13%. Protection Individual new business premium
registered a growth of 23% and stood at ₹973
crores for the year ended 31st March, 2026. Individual New Business Premium stands
at ₹29,783 crores with 13% growth over the year
ended on 31st March, 2025.
SBI
Life’s profit after tax stands at ₹2,470
crores for the year ended 31st March, 2026 with a growth of 2% over the
year ended on 31st March, 2025.
The
company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the
regulatory requirement of 1.50.
SBI
Life’s AUM also continued to grow at 9% to ₹4,87,163
crores as on 31st March, 2026 from ₹4,48,039
crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA
and Sovereign instruments.
The
company has a diversified distribution network of 3,58,506 trained insurance professionals and wide
presence with 1,230 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 year ended March
31, 2026
·
Private Market leadership in Individual
New Business Premium and Individual Rated Premium with market share of 25.5%
& 22.9% respectively.
·
Annualized Premium Equivalent (APE)
stands at ₹ 24,266
crores with growth of 13%
·
Individual New Business Sum Assured
stands at ₹ 4,46,337
crores with 61% growth
·
Improvement in 13M & 49M persistency
by 53 bps & 107 bps respectively
·
Value of New Business (VoNB) stands at ₹ 6,667 crores with
growth of 12%
·
VoNB Margin stands at 27.5%
·
Indian Embedded value (IEV) stands at ₹ 80,791 crores with
15% growth
·
Profit After Tax (PAT) stands at ₹ 2,470 crores with 2%
growth
·
Operating Return on Embedded Value stands
at 19.7%
·
Assets under Management stands at ₹ 4,87,163 crores
with 9% growth
·
Robust Solvency ratio of 1.90