SBI Life Insurance coverage’s web revenue slipped 1.09 per cent year-on-year (YoY) to ₹804.6 crore within the January-March quarter of FY26 (This fall FY26) from ₹813.5 crore in This fall FY25.
The insurer’s web premium earnings rose 16 per cent YoY to ₹27,684 crore within the quarter, in comparison with ₹23,860.7 crore in This fall FY25. The annualised premium equal (APE) of SBI Life rose by 5.50 per cent YoY to ₹5,750 crore. APE is the sum of annualised first-year common premiums plus 10 per cent weighted single premiums.
The measure of profitability for all times insurers — worth of recent enterprise (VNB) — dropped to ₹1,630 crore as towards ₹1,670 crore in This fall FY25. The VNB margin was at 28.35 per cent as towards 30.6 per cent.
General bills rose by 25.42 per cent to ₹2,527 crore. Web fee was up by 10.6 per cent to ₹859.1 crore in comparison with ₹776.8 crore.
In keeping with Amit Jhingran, managing director and chief government officer, SBI Life Insurance coverage, the life insurance coverage trade witnessed improved momentum throughout FY26, supported by current regulatory measures and a gradual shift in buyer choice in the direction of protection-oriented merchandise. The exemption of GST on particular person insurance policies enhanced affordability and supported demand throughout the interval.
“…the Firm’s product combine mirrored evolving buyer preferences, with balanced contributions from ULIPs, taking part and non-participating financial savings merchandise, whereas the Par and retail safety segments recorded robust year-on-year premium development. The Firm reported steady worth of recent enterprise (VNB) margins together with regular VNB development throughout FY26,” he stated.
Taking part merchandise contributed 7 per cent of the APE in FY26 as towards 3 per cent in FY25. Contribution of non-participating merchandise was flat at 33 per cent in FY26, and unit-linked insurance coverage (ULIPs) contributed 60 per cent of the APE within the yr, down from 64 per cent in FY25.
The solvency ratio of SBI Life dropped to 190 per cent on March 31, 2026, as towards 196 per cent on the similar time final yr. It’s above the regulatory requirement of 150 per cent.
The Thirteenth-month persistency ratio of the insurer stood at 87.9 per cent as on March 31, 2026. It was 87.4 per cent as on March 31, 2025. The 61st-month persistency ratio of the insurer was at 58.1 per cent as towards 63.6 per cent final yr.
