Mumbai: SBI Life Insurance, one of India’s leading life insurance companies, has reported a new business premium of ₹31,326 crore for the period ended December 31, 2025, registering a strong growth compared to ₹26,256 crore recorded during the corresponding period ended December 31, 2024. The company also recorded a 15 percent increase in regular premium over the same comparative period.
The insurer’s protection new business premium witnessed robust growth of 22 percent, reaching ₹3,411 crore for the period ended December 31, 2025. Protection individual new business premium stood at ₹651 crore, while individual new business premium increased by 14 percent to ₹22,545 crore, reflecting steady demand across key product segments.
SBI Life reported a profit after tax (PAT) of ₹1,666 crore, marking a 4 percent growth compared to the same period last year. The company’s financial strength remained solid, with a solvency ratio of 1.91 as of December 31, 2025, significantly higher than the regulatory requirement of 1.50.
The company’s assets under management (AUM) grew by 16 percent to ₹5,11,708 crore as of December 31, 2025, compared to ₹4,41,678 crore a year earlier. The asset mix remained balanced with a debt-equity ratio of 59:41, and 94.97 percent of debt investments were held in AAA-rated and sovereign instruments, underlining a prudent investment strategy.
During the reporting period, SBI Life maintained its leadership position in the private life insurance market with 28.1 percent market share in individual new business premium and 25.6 percent market share in individual rated premium. The company’s Annual Premium Equivalent (APE) stood at ₹18,519 crore, reflecting a 16 percent growth, while the total sum assured for new business rose sharply by 68.8 percent to ₹10,83,360 crore.
Other key highlights included a 101 basis points improvement in 13-month persistency, a 17 percent increase in Value of New Business (VONB) to ₹5,042 crore, and a VONB margin of 27.2 percent. The company’s Indian Embedded Value (IEV) increased by 18 percent to ₹80,129 crore.
SBI Life continues to strengthen its nationwide presence with a diversified distribution network of 3,53,506 trained insurance professionals and 1,176 offices across India. Its distribution channels include bancassurance, agency, corporate agents, brokers, point-of-sale persons, insurance marketing firms, web aggregators, and direct business channels.
