SBI Life Insurance Q3 FY26 performance highlights strong growth momentum, with the insurer reporting a New Business Premium (NBP) of ₹31,326 crores for the period ended December 31, 2025.
This marks a significant increase compared to ₹26,256 crores recorded in the corresponding period ended December 31, 2024. Regular premium income grew by 15% year-on-year during the same period.
SBI Life Insurance Q3 FY26: Strong Growth Across Protection and Individual Segments
Reinforcing its strategic focus on protection, SBI Life Insurance reported a protection new business premium of ₹3,411 crores for the period ended December 31, 2025, registering a growth of 22%. The protection individual new business premium stood at ₹651 crores.
Individual New Business Premium reached ₹22,545 crores, reflecting a 14% increase over the corresponding period last year.
The company maintained leadership in the private market, achieving a market share of 28.1% in Individual New Business Premium and 25.6% in Individual Rated Premium.
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Profitability and Solvency Remain Stable in SBI Life Insurance Q3 FY26
For the period ended December 31, 2025, SBI Life Insurance reported a Profit After Tax (PAT) of ₹1,666 crores, representing a 4% growth compared to the same period in the previous year.
The solvency ratio remained robust at 1.91 as of December 31, 2025, comfortably above the regulatory requirement of 1.50, underscoring the company’s strong capital position.
Assets Under Management and Investment Quality Strengthen in SBI Life Insurance Q3 FY26
Assets Under Management (AUM) increased by 16% to ₹5,11,708 crores as of December 31, 2025, up from ₹4,41,678 crores a year earlier.
The debt-equity mix stood at 59:41, with 94.97% of debt investments allocated to AAA-rated and sovereign instruments.
SBI Life Insurance Q3 FY26: Distribution Network and Operational Scale
SBI Life Insurance continued to expand its nationwide footprint, supported by a diversified distribution network of 3,53,506 trained insurance professionals and 1,176 offices across India.
The company’s distribution channels include bancassurance, agency, corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators, and direct business.
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Key Performance Highlights for the Period Ended December 31, 2025
- Annualized Premium Equivalent (APE) at ₹18,519 crores, up 16%
- Total New Business Sum Assured at ₹10,83,360 crores, growth of 68.8%
- Improvement in 13-month persistency by 101 basis points
- Value of New Business (VoNB) at ₹5,042 crores, growth of 17%
- VoNB Margin at 27.2%
- Indian Embedded Value (IEV) at ₹80,129 crores, up 18%
- Profit After Tax at ₹1,666 crores, growth of 4%
- Solvency ratio at 1.91
- Assets Under Management at ₹5,11,708 crores, growth of 16%
