SBI Life Reports FY26 Performance: Assets Under Management Rise to ₹ 4.87 Trillion, PAT Grows 2%

SBI Life Reports FY26 Performance: Assets Under Management Rise to ₹ 4.87 Trillion, PAT Grows 2%​

SBI Life Insurance Company Limited today announced its financial performance for the fiscal year ending March 31, 2026. The company reported robust growth in its Assets under Management (AuM) and maintained a strong market presence, driven by growth in New Business Premium (NBP) and stability in its operational metrics.

According to the release, the company achieved a Profit After Tax (PAT) of ₹ 24.7 billion, reflecting a 2% growth year-on-year. The Assets under Management increased by 9%, reaching ₹ 4.87 trillion as of March 31, 2026.

Key Financial and Market Highlights​

The company’s market leadership remained evident in key premium metrics. SBI Life maintained its market share of 22.9% in Individual Rated Premium (IRP) and 25.5% in Individual New Business Premium (NBP) in the private market for FY 2026.

The financial parameters for the year demonstrated solid growth:


The Value of New Business (VoNB) stood at ₹ 66.7 billion, representing a 12% increase from the previous year, while the VoNB Margin was maintained at 27.5%. The company’s robust financial position was underlined by a Solvency ratio of 1.90, which is well above the regulatory requirement. Furthermore, the Net worth saw a 12% rise, reaching ₹ 190.8 billion.

Operational and Growth Metrics​

The total growth in Gross Written Premium (GWP) to ₹ 1,012.9 billion in FY 2026 was primarily driven by a 20% growth in NBP and a 19% growth in Renewal Premium (RP). The Annualized Premium Equivalent (APE) grew by 13% to ₹ 242.7 billion.

The company reported key improvements in business metrics:

• Individual New Business Sum Assured saw 61% growth, standing at ₹ 4,463 billion.
• Improvements in 13 Month and 49 Month persistency were noted at 53 basis points (bps) and 107 bps, respectively, attributed to a focus on improving the quality of business and customer retention.

The operational efficiency ratios for FY 2026 were recorded as follows:

Management Perspective​

Amit Jhingran, MD & CEO of SBI Life, stated that the life insurance industry showed improved momentum during FY26. He attributed the support to recent regulatory measures and a gradual customer shift toward protection-oriented products, noting that the GST exemption on individual policies helped support demand.

The CEO stated that the company remains focused on maintaining a balanced approach to growth and profitability. SBI Life continues to strengthen its product portfolio and operational efficiencies while adhering to prudent risk management practices.

Distribution and Financial Strength​

The company’s distribution strength is anchored by a robust network of 358,506 trained insurance professionals, operating through 1,230 offices nationwide. For FY 26, the APE channel mix was 60% from the bancassurance channel, 29% from the agency channel, and 11% from other channels.

On the balance sheet side, the company's net worth increased by 12% to ₹ 190.8 billion. The commitment to sustainability was also highlighted by the company achieving an IGBC Green Rating - Gold for its Corporate Office and Processing Centre.

SBILIFE Stock Price Movement​

Shares of SBI Life Insurance Company Limited today slipped by 1.39% to settle at ₹1,884.8. The stock saw significant selling interest, trading a total volume of 4.04 million shares.