SBI Life Insurance has reported a significant 27% year-on-year (YoY) increase in profit after tax for the fiscal year ending March 31, 2025 (FY 2025), reaching $289.56m (₹2,413 crores). The company’s New Business Premium stood at $426.92m (₹35,577 crores), although this represented a decrease from $458.86m (₹38,238 crores) in the previous year.
The insurer focused on protection products, with protection new business premium reaching $49.14m (₹4,095 crores) and protection individual new business premium at $9.52m (₹793 crores). Individual New Business Premium grew 11% YoY to $316.32m (₹26,360 crores). SBI Life maintained its leadership in Individual Rated Premium in the private market, with $232.25m (₹19,354 crores) and a 22.8% market share.
Annualised Premium Equivalent (APE) rose 9% to $257.00m (₹21,417 crores), while Individual New Business sum assured increased 43% to $3,323.02m (₹2,76,918 crores). The Value of New Business (VoNB) grew 7% to $71.45m (₹5,954 crores), with a VoNB margin of 27.8%.
The exchange rate used was $1.00 = ₹83.33. SBI Life’s financial performance reflects the company’s strategic focus on protection products and individual business, contributing to its overall growth and profitability.
