SBI Life Insurance Company Ltd

📈 SBI Life Reports Strong FY25-26 Growth: 20% Increase in New Business Premium

• New business premium reached ₹425.5 billion, up 20% year-on-year

• Individual rated new business premium grew 13% to ₹219 billion

• Gross written premium increased 19% to ₹1,012.9 billion

• Profit after tax grew 2% to ₹24.7 billion

• Value of new business (VoNB) rose 12% to ₹66.7 billion with a margin of 27.5%

• Embedded value reached ₹807.9 billion, up 15%

• Assets under management grew 9% to ₹4.9 trillion

• Group new business premium surged 39% to ₹127.7 billion

• Individual protection APE grew 24% to ₹10.3 billion

• Pure protection category surged 122% on individual APE basis

• Agency channel individual APE grew 15% to ₹68.6 billion

• Bancassurance contributed 60% of total APE

• Death claim settlement ratio was 99.4%

• Digital transformation advanced with 99.7% of individual proposals submitted digitally