SBI Life Insurance registered a New Business Premium (NBP) of ₹31,326 crores for the period ended December 31, 2025, as compared to ₹26,256 crores in the corresponding period last year. Regular premium for the insurer grew by 15% year-on-year.
Reinforcing its strategic focus on protection, SBI Life’s protection new business premium stood at ₹3,411 crores, recording a growth of 22%. Protection Individual new business premium was ₹651 crores for the period. Individual New Business Premium reached ₹22,545 crores, registering a growth of 14% over the corresponding period ended December 31, 2024.
Profit After Tax for the nine-month period stood at ₹1,666 crores, reflecting a growth of 4% year-on-year. The solvency ratio remained strong at 1.91 as on December 31, 2025, well above the regulatory requirement of 1.50.
Assets under Management grew by 16% to ₹5,11,708 crores as on December 31, 2025, compared to ₹4,41,678 crores in the previous year. The debt-equity mix stood at 59:41, with 94.97% of debt investments allocated to AAA-rated and sovereign instruments.
During the period, the company maintained private market leadership in Individual New Business Premium and Individual Rated Premium with market shares of 28.1% and 25.6%, respectively. Annualised Premium Equivalent (APE) rose 16% to ₹18,519 crores, while Total New Business Sum Assured increased 68.8% to ₹10,83,360 crores.
Value of New Business stood at ₹5,042 crores, reflecting a growth of 17%, with VoNB margin at 27.2%. Indian Embedded Value increased by 18% to ₹80,129 crores. The company also reported an improvement of 101 basis points in 13-month persistency.
SBI Life operates through a diversified distribution network of 3,53,506 trained insurance professionals and 1,176 offices across India, supported by bancassurance, agency, corporate agents, brokers, POS persons, insurance marketing firms, web aggregators, and direct channels.
