SBI Life Insurance has reported robust growth in its first-year premium income for the quarter ended December 31, 2024. The company’s first-year premium rose by 13.6% year-on-year (YoY) to ₹6,450.84 crore, compared to ₹5,676.69 crore in the same quarter of the previous year.
SBI Life Q3 FY25 results key highlights:
- First-Year Premium Income: ₹6,450.84 crore, up 13.6% YoY from ₹5,676.69 crore in Q3 FY24.
- Gross Premium Income: ₹24,827.54 crore for Q3 FY25, showcasing consistent performance across segments.
- Nine-Month Performance:
- First-year premium income for the nine months ended December 31, 2024, stood at ₹14,51,293 lakh, reflecting a steady rise from ₹12,94,743 lakh during the same period last year.
The growth in first-year premium income underscores SBI Life’s strong market position and its ability to attract new policyholders. The increase is attributed to robust demand for life insurance products and the company’s effective distribution strategies. SBI Life continues to demonstrate resilience and growth in a competitive insurance sector.
