Chandigarh, Oct 29: SBI Life Insurance, one of the life insurers in the country registered a New Business Premium of ₹20,259 crores for the period ended on 30th September, 2026 vis-a-vis ₹18,349 crores for the period ended 30th September, 2025. Regular premium has increased by 21% over the period ended on 30th September, 2025.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹3,235 crores for the period ended 30th September, 2026, marking a growth of 46%. Protection Individual new business premium registered a growth of 20% and stood at ₹446 crores for the period ended 30th September, 2026. Individual New Business Premium stands at ₹13,732 crores with 13% growth over the period ended on 30th September, 2025.
SBI Life’s profit after tax stands at ₹1,274 crores for the period ended 30th September, 2026 with a growth of 17% over the period ended on 30th September, 2025.
The company’s solvency ratio continues to remain robust at 1.97 as on 30th September, 2026 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 9% to ₹5,27,120 crores as on 30th September, 2026 from ₹4,81,465 crores as on 30th September, 2025, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 3,94,574 trained insurance professionals and wide presence with 1,244 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the period ended September 30, 2026
- Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.2% & 22.6% respectively.
- Annualized Premium Equivalent (APE) stands at ₹11,746 crores with growth of 18%
- Total New Business Sum Assured stands at ₹11,92,792 crores with 68% growth
- Improvement in 13M, 25M & 49M persistency by 44 bps, 110 bps & 40 bps respectively
- Value of New Business (VoNB) stands at ₹3,274 crores with growth of 19%
- VoNB Margin stands at 27.9%
- Indian Embedded value (IEV) stands at ₹87,349 crores with 15% growth
- Profit After Tax (PAT) stands at ₹1,274 crores with 17% growth
- Robust Solvency ratio of 1.97
- Assets under Management stands at ₹5,27,120 crores with 9% growth
- Operating Return on Embedded Value stands at 18.8%
