SBI Life Insurance Company Limited Earnings Summary — Q1 FY2027

• New Business Premium (NBP) grew by 20% YoY to reach ₹425.5 billion, driven by strong performance across multiple segments.
• Value of New Business (VoNB) reached ₹66.7 billion with a healthy margin of 27.5%.
• Company maintains a dominant 22.5% private market share in terms of policies issued.
• Bancassurance channel continues to be a major driver with ₹71 lacs productivity per SBI branch.
• Total Assets Under Management (AUM) crossed the ₹4,700 billion mark, representing 19% growth.
• Digital adoption is near universal with 99.7% of individual applications submitted digitally.
• Individual Savings segment remains the largest contributor at 53% of the product mix.
• Maintained a strong solvency ratio of 1.95x, highlighting capital adequacy.

Management aims to maintain steady growth and long-term consistent returns by leveraging its multi-channel distribution network and focus on need-based selling. There is a strategic emphasis on expanding the agency force and enhancing digital capabilities through RPA and AI-driven underwriting.

Improving

Strong growth in NBP (20%) and PAT (15%) alongside stable VoNB margins suggests an improving trajectory compared to previous years where industry headwinds were more pronounced.

The outlook remains positive as the company leverages its unparalleled distribution reach (SBI network) and diversifies its product mix further into protection and annuity segments.