Ahmedabad Times

Life insurer SBI Life on Wednesday reported a marginal decline in its standalone revenue to Rs 805 crore within the fourth quarter. The revenue was down about 1% over the earlier 12 months quarter. Internet premium revenue, in the meantime, elevated 16% year-on-year (YoY) to Rs 27,684 crore.

SBI Life retained its management within the personal market throughout key metrics throughout FY26, with a 25.5% market share in Particular person New Enterprise Premium and 22.9% share in Particular person Rated Premium.

The corporate reported annualized premium equal (APE) of Rs 24,270 crore, marking a 13% improve, whereas Particular person New Enterprise Sum Assured surged 61% to Rs 4.46 lakh crore, indicating robust traction in protection-led choices.

Persistency ratios additionally improved, with 13-month and 49-month persistency rising by 53 foundation factors and 107 foundation factors, respectively.

Worth of New Enterprise (VoNB) stood at Rs 6,670 crore, up 12% YoY, with margins at 27.5%, reflecting secure profitability regardless of a shifting product combine. Embedded worth grew 15% to Rs 80,790 crore, whereas working return on embedded worth got here in at 19.7%. Property below administration elevated 9% to Rs 4.9 lakh crore, and the solvency ratio remained sturdy at 1.90.

MD and CEO Amit Jhingran mentioned the life insurance coverage business noticed improved momentum throughout FY26, supported by regulatory measures and a shift in direction of protection-oriented merchandise. He famous that GST exemption on particular person insurance policies improved affordability and aided demand. The corporate maintained a balanced product combine throughout ULIPs, collaborating, and non-participating financial savings merchandise, whereas the collaborating and retail safety segments noticed robust progress.
SBI Life continued to deal with a balanced progress technique, strengthening its product portfolio, increasing distribution, and bettering operational efficiencies whereas sustaining prudent danger administration. The corporate reiterated its dedication to bettering insurance coverage penetration and delivering long-term worth.Additionally learn: Pahalgam anniversary: How the 2025 terror assault triggered Rs 3 lakh crore defence growth and created 3 multibagger shares

On the enterprise entrance, Particular person New Enterprise Premium rose 13% to Rs 29,780 crore, whereas safety new enterprise premium stood at Rs 4,622 crore. Gross Written Premium grew 19% to Rs 1.01 lakh crore, pushed by a 20% rise in new enterprise common premium and a 19% improve in renewal premiums.

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