SBI Life Insurance Delivers Strong Nine-Month Performance with ₹31,326 Crores in New Business Premium

SBI Life Insurance reported a New Business Premium of ₹31,326 crores for the period ended December 31, 2025, compared with ₹26,256 crores in the corresponding period of the previous year. Regular premium grew by 15% year-on-year.

The company’s protection business recorded robust momentum, with protection new business premium at ₹3,411 crores, growing 22%. Protection Individual new business premium stood at ₹651 crores. Individual New Business Premium reached ₹22,545 crores, reflecting a growth of 14%.

Profit After Tax for the period stood at ₹1,666 crores, registering a 4% increase over the previous year. The solvency ratio remained strong at 1.91 as on December 31, 2025.

Assets under Management grew by 16% to ₹5,11,708 crores, supported by a debt-equity allocation of 59:41. Of the total debt investments, 94.97% were in AAA-rated and sovereign instruments.

SBI Life continued to lead the private market in Individual New Business Premium and Individual Rated Premium with market shares of 28.1% and 25.6%, respectively. Annualised Premium Equivalent increased 16% to ₹18,519 crores, while Total New Business Sum Assured stood at ₹10,83,360 crores, up 68.8%.

Value of New Business rose to ₹5,042 crores with a growth of 17%, and VoNB margin stood at 27.2%. Indian Embedded Value increased 18% to ₹80,129 crores. The company also reported an improvement of 101 basis points in 13-month persistency.

The insurer’s distribution network comprised 3,53,506 trained professionals and 1,176 offices nationwide, spanning bancassurance, agency, and multiple alternate channels.