Chandigarh, Apr 23: SBI Life Insurance Company Limited, one of India’s leading life insurers, has announced robust financial results for the year ended March 31, 2026, demonstrating steady growth across key business parameters.
The company recorded a New Business Premium (NBP) of significant growth compared to the previous fiscal, driven by strong performance across product segments. The single premium segment grew by 28%, underscoring strong customer demand and product acceptance.
Reinforcing its strategic focus on protection, SBI Life’s protection new business premium registered healthy growth. Notably, the individual protection segment grew by 23%, reflecting rising awareness and demand for protection products.
The Individual New Business Premium recorded strong year-on-year growth. The company maintained its leadership position in the private market with strong market share in both Individual NBP and Individual Rated Premium segments.
SBI Life reported a Profit After Tax (PAT) reflecting steady growth over the previous year. The company continues to maintain strong financial stability, with a solvency ratio of 1.90, well above the regulatory requirement of 1.50.
The company’s Assets Under Management (AUM) grew by 9%, supported by a balanced debt-equity mix of 62:38. Importantly, 94% of its debt investments are in AAA-rated and sovereign instruments, highlighting a prudent investment strategy.
Key performance highlights for FY26 include:
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Strong growth in Annualized Premium Equivalent (APE)
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Significant rise in Individual New Business Sum Assured
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Growth in Value of New Business (VoNB)
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VoNB Margin maintained at a healthy level
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Improvement in Indian Embedded Value (IEV)
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Strong Operating Return on Embedded Value
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Improved persistency ratios (13M and 49M)
SBI Life continues to expand its reach through a diversified distribution network of over 3.58 lakh trained insurance professionals and 1,230 offices across India, supported by bancassurance, agency channels, corporate agents, brokers, and digital platforms.
The company remains focused on sustainable growth, customer-centric innovation, and strengthening its position as a leading life insurance provider in India.
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