SBI Life Insurance Company Limited — Investor Meet, 28-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Life reported strong FY26 results with New Business Premium at ₹42,550 Cr (up 20%) and Profit After Tax (PAT) at ₹2,470 Cr (up 2%). Excluding one-off impacts, PAT growth was 29%. Value of New Business (VoNB) rose 12% to ₹6,670 Cr, with a robust margin of 27.5%. Assets under Management hit ₹490,000 Cr, growing 9%. Management targets a 14% Annualized Premium Equivalent (APE) growth rate, aiming to maintain VoNB margins around 26-28% by enhancing its product mix. The company is strengthening agency and digital channels, expecting a 3-4% shift in channel contribution from bancassurance over time. A deferred annuity product launch is planned soon, supporting growth in policies.