DBT Bureau
Pune, 26 July 2025
SBI Life Insurance, one of the leading life insurers in the country, registered a New Business Premium of Rs. 7,268 crores for the period ended on 30th June, 2025 vis-a-vis Rs. 7,033 crores for the period ended June 30, 2024. Regular premium has increased by 12% over the corresponding period ended on 30th June, 2024.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at Rs. 980 crores for the period ended June 30, 2025. Protection Individual new business premium stands at Rs.165 crores for the period ended June 30, 2025. Individual New Business Premium stands at Rs. 4,939 crores with 4% growth over the corresponding period ended on 30th June, 2024.
SBI Life’s profit after tax stands at Rs. 594 crores for the period ended June 30, 2025 with a growth of 14% over the corresponding period last year.
The company’s solvency ratio continues to remain robust at 1.96 as on June 30, 2025 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 15% to Rs. 4,75,813 crores as on June 30, 2025 from Rs. 4,14,772 crores as on June 30, 2024, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 323,838 trained insurance professionals and wide presence with 1,146 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the period ended June 30, 2025
- Private Market leadership in IRP & Ind. NBP with market share of 22.3% & 25% respectively.
- Annualized Premium Equivalent (APE) stands at Rs. 3,969 crores with growth of 9%.
- Individual New Business sum assured stands at Rs. 66,631 crores with 73% growth.
- Improvement in 13M & 61M persistency by 58 bps & 501 bps respectively.
- Value of New Business (VoNB) stands at Rs. 1,088 crores with a growth of 12%.
- VoNB Margin stands at 27.4%.
- Indian Embedded Value (IEV) stands at Rs. 74,257 crores with growth of 20%.
- Profit After Tax (PAT) stands at Rs. 594 crores with 14% growth
- Robust Solvency ratio of 1.96
- Assets under Management stands at Rs. 4,75,813 crores with 15% growth
