Bengaluru, 24th April 2025: SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs. 35,577 crores for the year ended on 31st March, 2025 vis-a-vis Rs. 38,238 crores for the year ended March 31, 2024. Regular premium has increased by 11% over previous year ended on 31st March, 2024.
Establishing a clear focus on protection, SBI Life’s protection new business premium stood at Rs. 4,095 crores for the year ended March 31, 2025. Protection Individual new business premium stands at Rs. 793 crores for the year ended March 31, 2025.
Individual New Business Premium stands at Rs. 26,360 crores with 11% growth over previous year ended on 31st March, 2024.
SBI Life’s profit after tax stands at Rs. 2,413 crores for the year ended March 31, 2025 with a growth of 27% over previous year.
The company’s solvency ratio continues to remain robust at 1.96 as on March 31, 2025 as against the regulatory requirement of 1.50.
SBI Life’s AUM also continued to grow at 15% to Rs. 4,48,039 crores as on March 31, 2025 from Rs. 3,88,923 crores as on March 31, 2024, with the debt-equity mix of 61:39. 94% of the debt investments are in AAA and Sovereign instruments.
The company has a diversified distribution network of 309,034 trained insurance professionals and wide presence with 1,110 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.
Performance for the year ended March 31, 2025
- Private Market leadership in Individual Rated Premium of Rs.19,354 crores with 22.8% market share
- Annualized Premium Equivalent (APE) stands at Rs.21,417 crores with growth of 9%
- Individual New Business sum assured stands at Rs. 2,76,918 crores with 43% growth
- Improvement in 13M & 61M persistency by 63 bps & 528 bps respectively
- Value of New Business (VoNB) stands at Rs. 5,954 crores with a growth of 7%.
- VoNB Margin stands at 27.8%.
- Indian Embedded value (IEV) stands at Rs. 70,250 crores with 21% growth.
- Profit After Tax (PAT) stands at Rs.2,413 crores with 27% growth
- Operating Return on Embedded Value stands at 20.2%
- Assets under Management stands at Rs.4,48,039 crores with 15% growth
- Robust Solvency ratio of 1.96
