SBI Life Insurance reported ₹18,349 crore in New Business Premium for the half-year ended September 30, 2025, marking a strong 17% year-on-year growth. The insurer saw notable gains in its protection segment, with a 29% rise, reinforcing its leadership in India’s life insurance market amid evolving consumer preferences.
SBI Life Insurance, one of India’s leading private life insurers, has registered a robust ₹18,349 crore in New Business Premium (NBP) for the period ending September 30, 2025. This marks a significant increase from ₹15,725 crore in the same period last year, reflecting strong momentum across individual and group segments.
The company’s focus on protection products continues to pay off, with protection NBP rising 29% to ₹2,211 crore. Individual protection premiums stood at ₹371 crore, while individual NBP reached ₹12,175 crore—up 6% year-on-year. Regular premium collections also rose by 10%, indicating sustained customer engagement and policy renewals.
Key Highlights:
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Notable Update: Total NBP grew 17% YoY to ₹18,349 crore for H1 FY2026.
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Major Takeaway: Protection NBP surged 29%, underscoring demand for risk coverage.
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Important Point: Individual NBP rose to ₹12,175 crore, with a 6% YoY growth.
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Strategic Context: SBI Life’s PAT stood at ₹1,089 crore, up 4% YoY, signaling operational stability.
Sources: Business Standard, FinTech BizNews, PTI News.