SBI Life Insurance Company Limited — Updates, 24-04-2025: Press Release

SBI Life Insurance Company has reported strong performance metrics for FY25, maintaining its leadership in the private insurance market with an Individual Rated Premium of ₹193.5 billion and a market share of 22.8%. The Annualized Premium Equivalent (APE) is ₹214.2 billion, reflecting a 9% growth. Individual New Business Sum Assured increased significantly by 43% to ₹2,769 billion, while the Value of New Business (VoNB) rose 7% to ₹59.5 billion, with a VoNB margin of 27.8%. Profit After Tax stands at ₹24.1 billion, representing a notable 27% growth, supported by a robust assets under management figure of ₹4.5 trillion, marking a 15% increase. The company improved its persistency ratios notably, demonstrating enhanced customer retention. The operational efficiencies and strong distribution network are vital for the company's outlook; a solid solvency ratio of 1.96 indicates strong financial stability, suggesting a positive trajectory ahead for stakeholders. SBI Life continues to focus on innovation and customer-centric strategies as it approaches its 25th anniversary.