Business EconomyPosted at: Apr 24 2025 8:40PM


SBI Life Insurance registers new business premium of Rs 35,577 cr

Kolkata, Apr 24 (UNI) SBI Life Insurance has registered a new business premium of Rs 35,577 cr for the year ended on 31st March, 2025 vis-a-vis Rs 38,238 cr 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 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.
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