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SBI Life's financial results for the quarter show strong growth: New Business Premium at ₹8,910 Cr (+23%) and Individual Rated Premium at ₹3,970 Cr (+14%). Profit after tax reached ₹720 Cr (+22%). Value of New Business grew 29% to ₹1,410 Cr with a healthy 26.2% margin. AUM hit ₹5,20,000 Cr (+10%). Management highlighted robust channel growth, especially agency (+20% Individual APE). Product mix is shifting, with non-ULIPs now 38% and pure protection up 41%. While group business influenced Q1 margin, management expects individual business normalization to push margins higher within its 26-28% guidance. Confident outlook.