THEBUSINESSBYTES BUREAU

MUMBAI, JANUARY 29, 2026

SBI Life Insurance, one of India’s leading life insurers, delivered a strong financial performance for the period ended December 31, 2025, underscoring its consistent growth momentum and sharp focus on protection-led offerings. The company reported a New Business Premium (NBP) of ₹31,326 crore, marking a significant rise from ₹26,256 crore recorded in the corresponding period last year. Regular premium income also showed healthy traction, registering a 15 percent increase year-on-year.

Reinforcing its strategic emphasis on protection, SBI Life’s protection new business premium stood at ₹3,411 crore, reflecting a robust growth of 22 percent. Within this segment, individual protection new business premium rose to ₹651 crore. Overall, the Individual New Business Premium reached ₹22,545 crore, posting a 14 percent growth over the same period last year and consolidating the company’s leadership position in the private life insurance market.

Profitability remained steady, with profit after tax rising to ₹1,666 crore for the nine months ended December 31, 2025, translating into a 4 percent growth year-on-year. The insurer’s balance sheet strength continued to stand out, with a solvency ratio of 1.91, comfortably above the regulatory requirement of 1.50, highlighting its strong capital adequacy and risk management framework.

SBI Life’s assets under management (AUM) expanded by 16 percent to ₹5,11,708 crore as on December 31, 2025, compared to ₹4,41,678 crore a year ago. The portfolio maintained a prudent debt-equity mix of 59:41, with nearly 95 percent of debt investments deployed in AAA-rated and sovereign instruments, reflecting a conservative and quality-focused investment strategy.

During the period, the company maintained its private market leadership in Individual New Business Premium and Individual Rated Premium, commanding market shares of 28.1 percent and 25.6 percent, respectively. Annualized Premium Equivalent (APE) rose 16 percent to ₹18,519 crore, while Total New Business Sum Assured surged sharply by 68.8 percent to ₹10,83,360 crore, indicating strong customer traction and rising protection awareness. Value of New Business increased by 17 percent to ₹5,042 crore, supported by a healthy VoNB margin of 27.2 percent, while the Indian Embedded Value grew 18 percent to ₹80,129 crore. The company also reported an improvement of 101 basis points in its 13-month persistency, reflecting better policy retention and customer engagement.

Backing this growth is SBI Life’s extensive and diversified distribution network of over 3.53 lakh trained insurance professionals and a nationwide footprint of 1,176 offices. The company continues to leverage a strong bancassurance partnership, along with agency and alternate channels including corporate agents, brokers, POS persons, insurance marketing firms, web aggregators and direct digital platforms.