SBI Life Insurance reported strong growth in its financial performance for FY2026, with its new business premium (NBP) rising to Rs 42,551 crore for the year ended March 31, 2026, compared to Rs 35,577 crore in FY2025. The insurer also recorded a robust 28% increase in single premium income during the same period.
Key Highlights
- SBI Life Insurance reports Rs 42,551 crore new business premium, driven by strong growth across protection and individual segments.
- Profit rises to Rs 2,470 crore, while AUM and solvency remain strong, supporting stable long-term growth outlook .
The company continued to strengthen its focus on protection-led offerings, with protection new business premium reaching Rs 4,622 crore, marking a 13% year-on-year growth. Notably, the individual protection segment grew 23% to Rs 973 crore, while individual new business premium stood at Rs 29,783 crore, up 13% from the previous year.
SBI Life Insurance reported a profit after tax (PAT) of Rs 2,470 crore for FY2026, registering a modest growth of 2% year-on-year. The company maintained a strong solvency ratio of 1.90, significantly above the regulatory requirement of 1.50, underscoring its financial resilience.
Assets under management (AUM) grew by 9% to ₹4.87 lakh crore, supported by a conservative investment strategy, with 94% of debt investments in AAA-rated and sovereign instruments.
The insurer continues to leverage a diversified distribution network, comprising over 3.58 lakh trained insurance professionals and a nationwide presence through 1,230 offices. Its distribution channels include bancassurance, agency networks, brokers, corporate agents, POS partners, and digital platforms.
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Key Performance Metrics
- SBI Life retained private market leadership in individual new business premium with a market share of 25.5%
- Annualised Premium Equivalent (APE) grew 13% to Rs 24,266 crore
- Value of New Business (VoNB) increased 12% to Rs 6,667 crore, with margins at 27.5%
- Embedded Value (IEV) rose 15% to Rs 80,791 crore
- Individual sum assured surged 61% to Rs 4.46 lakh crore
- Persistency ratios improved across key cohorts, reflecting stronger customer retention
