SBI Life Insurance Company Limited — Updates, 23-10-2024: Press Release

SBI Life Insurance reported strong performance for the half-year ended September 30, 2024, achieving a 38% increase in Profit After Tax (PAT) to ₹10.5 billion. The company maintained market leadership in New Business Premium (NBP) with ₹157.2 billion and exhibited a 27% growth in Assets under Management, totaling ₹4.4 trillion. The VoNB was ₹24.2 billion, with a margin of 26.8%. Improved persistency rates reflect enhanced customer retention. The solvency ratio stands robust at 2.04.