SBI Life Insurance Company has reported a value of new business amounting to ₹66.7 billion for the financial year ending March 31, 2026. This figure underscores the company’s robust performance and strategic positioning in the insurance sector.
The company’s financial strength is further highlighted by a solvency ratio of 1.90x, indicating a strong capital position to meet its long-term obligations. Additionally, the overall death claim settlement ratio stands at an impressive 99.4%, reflecting the company’s commitment to customer satisfaction and reliability.
SBI Life Insurance has also demonstrated significant growth in its new business premium, which reached ₹425.5 billion, marking a compound annual growth rate (CAGR) of 16% over the past five years. The renewal premium for the same period was reported at ₹587.3 billion, with a CAGR of 15%.
The individual rated premium, another key performance indicator, was recorded at ₹219.0 billion, showing a 16% CAGR. Furthermore, the company’s embedded value, a critical measure of its intrinsic worth, stood at ₹807.9 billion.
In terms of distribution, SBI Life Insurance boasts a diverse network with 1,230 offices and a strong emphasis on technological innovation. The company has successfully submitted 99.7% of individual applications digitally, showcasing its commitment to leveraging technology for enhanced customer service.
The company’s focus on sustainable value accretion is evident with its trained human capital of 3.6 lakh insurance personnel, who are dedicated to need-based selling.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).