SBI Life Insurance Posts 19% Growth in New Business Premium for Nine Months FY26

SBI Life Insurance recorded a New Business Premium of ₹31,326 crores for the period ended December 31, 2025, marking a strong increase from ₹26,256 crores in the same period last year. The company also reported a 15% growth in regular premium income.

Protection business continued to gain traction, with protection new business premium reaching ₹3,411 crores, up 22% year-on-year. Protection Individual new business premium stood at ₹651 crores. Individual New Business Premium grew 14% to ₹22,545 crores during the period.

Profit After Tax rose to ₹1,666 crores, registering a 4% increase over the corresponding period last year. The solvency ratio remained healthy at 1.91, significantly higher than the regulatory threshold of 1.50.

Assets under Management expanded by 16% to ₹5,11,708 crores as on December 31, 2025. The investment portfolio maintained a conservative profile, with a debt-equity mix of 59:41 and nearly 95% of debt investments in AAA-rated and sovereign instruments.

For the nine-month period, SBI Life retained private market leadership in Individual New Business Premium and Individual Rated Premium, with market shares of 28.1% and 25.6%, respectively. Annualised Premium Equivalent stood at ₹18,519 crores, growing 16%, while Total New Business Sum Assured surged 68.8% to ₹10,83,360 crores.

Value of New Business increased 17% to ₹5,042 crores, with VoNB margin at 27.2%. Indian Embedded Value rose 18% to ₹80,129 crores, supported by an improvement of 101 basis points in 13-month persistency.

The insurer continues to leverage its nationwide footprint through 1,176 offices and a distribution strength of over 3.53 lakh trained insurance professionals across multiple channels.