SBI Life Insurance Achieves Significant Growth in New Business Premiums
SBI Life Insurance has reported a commendable financial year, ending March 31, 2026, with a New Business Premium of ₹42,551 crores. Marking a growth of 13% in individual new business premiums, the company also witnessed a 9% rise in AUM, reaching ₹4,87,163 crores. The solvency ratio remains stable at 1.90.
- Country:
- India
SBI Life Insurance, a leading life insurance company in India, has registered significant growth in its New Business Premium, reaching ₹42,551 crores for the fiscal year ending March 31, 2026, as opposed to ₹35,577 crores the previous year.
The company has shown pronounced growth in several areas, with individual new business premiums increasing by 13% to ₹29,783 crores. SBI Life's profit after tax for the year stands at ₹2,470 crores, reflecting a modest increase of 2%.
Assets under management (AUM) have climbed 9% to ₹4,87,163 crores, and the solvency ratio stays robust at 1.90, well above the regulatory requirement of 1.50, showcasing financial stability and prudent management.
(With inputs from agencies.)
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