SBI Life Insurance Company share price
NSE: SBILIFEBSE: 540719InsuranceLarge Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,633.00.
28 Oct: open ₹1,647.10, high ₹1,692.00, low ₹1,632.10
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,67,238 Cr45th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 62.98
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 8.14
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.16%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.7%
- SolvencySolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. At the end of Sep 2026. Solvency ratio in the glossary
- 1.97times the capital required
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. For the year to Mar 2026. Gross premium in the glossary
- ₹1,01,286 Cr
- First-year premiumFirst-year premium. Premium from the first year of new regular-premium policies, for the period. For the year to Mar 2026. First-year premium in the glossary
- ₹21,841 Cr
- Expense ratioExpense ratio. (the life insurer's running costs + net commission) ÷ gross premium × 100: its expenses of management over its premium; not given outside 0% to 100%, or where it is about a hundredth of the figure the company states. For the year to Mar 2026. Expense ratio in the glossary
- 10.59%
- Persistency, 13 monthsPersistency, 13 months. The share of what was sold that is still being paid for 13 months after the sale, by premium or by number of policies, which the filing does not say, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. For the year to Mar 2026. The company filed it to the whole per cent. Persistency, 13 months in the glossary
- 88%
- ConservationConservation ratio. This year's renewal premium as a percentage of last year's first-year and renewal premium, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where it is 0, or where it is outside 10% to 150%. For the year to Mar 2026. The company filed it to the whole per cent. Conservation ratio in the glossary
- 85%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 13,99,38350.4% delivered
About SBI Life Insurance Company
SBI Life Insurance Company Limited is a life insurer in India, selling protection, pension, savings and health policies to individuals and groups.12 Its group business gives life cover to a group's members, helps employers fund staff gratuity, pension and leave encashment, and pays off loans of borrowers who die.3 It sells through banks, including State Bank of India and regional rural banks, and through agents, brokers and direct sales.45
It reports its business in participating, non-participating and unit-linked segments, all of it in India.6 Participating policies pay returns linked to the insurer's performance, non-participating policies pay fixed benefits, and unit-linked policies (ULIPs) pay returns tied to the stock and bond investments behind them.7 It serves customers in 28 states and 7 union territories.8
It was incorporated in October 2000 and registered with the Insurance Regulatory and Development Authority of India in March 2001.9 Its shares were listed on the NSE and BSE on 3 Oct 2017.10 State Bank of India, its promoter, held 55.33% of its shares at the end of March 2026, and the company has no subsidiaries.211
SBI Life Insurance Company key points
Results
- In the quarter to Jun 2026, gross written premium (all premium written, before reinsurance) rose 20% to ₹212.9 billion and profit after tax rose 22% to ₹7.2 billion.1213
- In the quarter to Jun 2026, annualised premium equivalent (new premium, single premiums counted at a tenth) rose 36% to ₹53.8 billion. Value of new business (present value of profits expected from policies sold) rose 29% to ₹14.1 billion, a 26.2% margin.14
- In the year to Mar 2026, gross written premium rose 19.18% to ₹1,012.86 billion from ₹849.85 billion, crossing ₹1 lakh crore for the first time.1516
- In the year to Mar 2026, profit after tax rose 2.36% to ₹24.70 billion from ₹24.13 billion, and value of new business rose 12.0% to ₹66.7 billion, at a 27.5% margin.1718
Market position
- In the quarter to Jun 2026 it held private market leadership, with 24.9% of private insurers' individual new business premium and 22.2% of their individual rated premium (individual new premium, single premiums counted at a tenth), and 15.2% of the whole industry's individual rated premium.1920
- In the year to Mar 2026 it had 21.4% of private insurers' new business premium and 25.5% of their individual new business premium; its individual rated premium share was 22.9% among private insurers and 16.5% across the industry.2122
Business segments
Revenue mix
- Premium by type, ₹ billion25
Item year to Mar 2026 year to Mar 2025 Renewal premium (later years of existing policies) 587.35 494.08 Individual new business premium 297.83 263.60 Group new business premium 127.68 92.17 - In the quarter to Jun 2026 individual new business premium rose 14% to ₹56.1 billion, group new business premium rose 41% to ₹32.9 billion, 37% of new business premium, and protection new business premium was ₹19.6 billion.2627
- In the quarter to Jun 2026 guaranteed non-participating savings business was ₹9.7 billion, up 27%.28
Branches and reach
- At the end of June 2026 it had 1,241 offices, 40% of them in rural and semi-urban areas, and 371,935 trained insurance professionals: its agents and the corporate agents' employees qualified to sell its policies.293031
- Its sellers include about 293,443 agents, 9 bancassurance partners (banks that sell its policies) with more than 40,000 branches, 81 corporate agents and 161 brokers.32
- In the quarter to Jun 2026 it added over 34,000 agents, counted before those who left, and 11 new branches.33
- Share of annualised premium equivalent by channel34
Item quarter to Jun 2026 Bancassurance 47% Agency 25% Other channels 28%
Investments and capital
- Assets under management (the investments it holds for policyholders and shareholders) rose 10% to ₹5,248.5 billion at the end of June 2026 from ₹4,758.1 billion a year earlier, split 60:40 between debt and equity, with about 94% of debt in AAA-rated and sovereign (government) instruments.35
- Indian embedded value (net assets plus the present value of future profits on policies in force) rose 15% to ₹852.9 billion; the solvency ratio (capital available divided by the capital the regulator requires) was 1.96, against a minimum of 1.50.3637
Recent events
- By a letter of 23 Jun 2026 the Insurance Regulatory and Development Authority of India (the regulator) advised it to keep separate accounts, up to the year to Mar 2027, for Sahara India Life Insurance's business, ordered transferred to it on 2 Jun 2023.3839
- On 25 Feb 2026 the board declared an interim dividend of ₹2.70 a share, with no final dividend for the year to Mar 2026; its confirmation as final went to the annual general meeting of 14 Aug 2026, and the documents give no outcome.4041
- On 5 Dec 2025 the Securities Appellate Tribunal dismissed Sahara India Life Insurance's appeal against that transfer order and upheld it.42
Litigation and regulatory matters
- In March 2014 the regulator directed a refund of allegedly excess commission paid to corporate agents; in January 2020 the Securities Appellate Tribunal partly allowed the company's appeal and asked the regulator to recalculate the unlawful gain, namely the interest earned on advance premium collected.43
- As of its annual report of 23 Jul 2026 the company had received no recalculation, cross appeals by both sides were pending in the Supreme Court, and it showed the full disputed ₹27,529 lakh as a contingent liability (a possible obligation not provided for).44
Last updated
All 44 sources, each with its page
- 1. Investor presentation, 24 Jul 2026, page 6
- 2. Annual report, 23 Jul 2026, page 93
- 3. Annual report, 23 Jul 2026, page 36
- 4. Investor presentation, 24 Jul 2026, page 4
- 5. Investor presentation, 24 Jul 2026, page 53
- 6. Annual report, 23 Jul 2026, page 196
- 7. Annual report, 23 Jul 2026, page 63
- 8. Annual report, 23 Jul 2026, page 108
- 9. Investor presentation, 24 Jul 2026, page 6
- 10. Annual report, 23 Jul 2026, page 96
- 11. Annual report, 23 Jul 2026, page 82
- 12. Investor presentation, 24 Jul 2026, page 4
- 13. Investor presentation, 24 Jul 2026, page 5
- 14. Investor presentation, 24 Jul 2026, page 2
- 15. Annual report, 23 Jul 2026, page 64
- 16. Annual report, 23 Jul 2026, page 17
- 17. Annual report, 23 Jul 2026, page 66
- 18. Annual report, 23 Jul 2026, page 70
- 19. Investor presentation, 24 Jul 2026, page 2
- 20. Earnings call, 24 Jul 2026, page 4
- 21. Annual report, 23 Jul 2026, page 70
- 22. Annual report, 23 Jul 2026, page 27
- 23. Annual report, 23 Jul 2026, page 64
- 24. Annual report, 23 Jul 2026, page 63
- 25. Annual report, 23 Jul 2026, page 64
- 26. Investor presentation, 24 Jul 2026, page 4
- 27. Earnings call, 24 Jul 2026, page 4
- 28. Earnings call, 24 Jul 2026, page 5
- 29. Investor presentation, 24 Jul 2026, page 4
- 30. Investor presentation, 24 Jul 2026, page 25
- 31. Annual report, 23 Jul 2026, page 258
- 32. Investor presentation, 24 Jul 2026, page 6
- 33. Earnings call, 24 Jul 2026, page 5
- 34. Investor presentation, 24 Jul 2026, page 4
- 35. Investor presentation, 24 Jul 2026, page 5
- 36. Investor presentation, 24 Jul 2026, page 2
- 37. Investor presentation, 24 Jul 2026, page 5
- 38. Annual report, 23 Jul 2026, page 79
- 39. Annual report, 23 Jul 2026, page 79
- 40. Annual report, 23 Jul 2026, page 72
- 41. Annual report, 23 Jul 2026, page 3
- 42. Annual report, 23 Jul 2026, page 79
- 43. Annual report, 23 Jul 2026, page 170
- 44. Annual report, 23 Jul 2026, page 170
Results
Standalone; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.SBI Life Insurance Company quarterly results
- Gross premium growth, 12 monthsGross premium growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +16.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.2%
Quarter to Sep 2026, against the quarter before
- Gross premium
- ₹27,115 Cr
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹549 Crdown 24.24%
Gross premium by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross premium | 24,998 | 24,002 | 17,814 | 25,084 | 30,449 | 27,939 | 21,290 | 27,115 |
| Net profit | 551 | 814 | 594 | 495 | 577 | 805 | 725 | 549 |
Year to Mar 2026, against the year before
- Gross premium
- ₹1,01,286 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,470 Crup 2.36%
Gross premium by year
Net profit by year, a loss in red
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross premium | 32,989 | 40,635 | 50,254 | 58,760 | 67,316 | 81,431 | 84,985 | 1,01,286 |
| Net profit | 1,327 | 1,422 | 1,456 | 1,506 | 1,721 | 1,894 | 2,413 | 2,470 |
Business segments
Share of net premium, year to Mar 2026, standalone.Segment revenue and profit
- Linked Individual LifeLinked Individual Life, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹42,782 Crup 22.90%42.8%
- Non Participating LifeNon Participating Life, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹18,704 Crup 21.04%18.7%
- Non Participating Group LifeNon Participating Group Life, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹12,180 Crup 22.50%12.2%
- Linked PensionLinked Pension, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹10,172 Crdown 11.15%10.2%
- Participating LifeParticipating Life, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹7,528 Crup 14.77%7.5%
- Non Participating AnnuityNon Participating Annuity, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹7,034 Crup 34.14%7.0%
- Linked Group LifeLinked Group Life, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹1,253 Cr1.3%
- Participating PensionParticipating Pension, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹241 Cr0.2%
- Non Participating VIPNon Participating VIP, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹24 Cr0.0%
- Non Participating HealthNon Participating Health, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹16 Cr0.0%
- Participating VIPParticipating VIP, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹13 Cr0.0%
- Non Participating PensionNon Participating Pension, share of net premium. The line's net premium, the premium the insurer keeps after reinsurance, as a percentage of the net premium of all its reported lines together, leaving out the shareholders' account and unallocated items.₹8 Cr0.0%
Valuation
Today, against the company's own history.SBI Life Insurance Company PE ratio and valuation
At or below today's level on 4% of 1,102 trading days over the last 5 years.
At or below today's level on 2% of 1,869 trading days since Feb 2018.
At or below today's level on 39% of 2,172 trading days since Jan 2018.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +15.0% | +2.3% | +12.3% | 0.2% |
| 3 years | +17.5% | +12.7% | +4.0% | 0.2% |
| 5 years | +15.3% | +11.1% | +3.6% | 0.2% |
Mutual fund holdings
375 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 154 of the 215 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 375 funds holding SBI Life Insurance Company
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 118
- CutCut. Funds that held fewer shares than at the end of the month before.
- 97
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 147
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 11
| Fund | |||
|---|---|---|---|
| 2,08,12,184 | 3.25% | ₹3,530.6 Cr | |
| 87,17,571 | 0.73% | ₹1,478.8 Cr | |
| 77,86,134 | 2.31% | ₹1,320.8 Cr | |
| 64,84,169 | 3.02% | ₹1,100.0 Cr | |
| 53,33,809 | 0.88% | ₹904.8 Cr | |
| 51,24,338 | 2.03% | ₹869.3 Cr | |
| 47,28,317 | 3.02% | ₹802.1 Cr | |
| 40,77,841 | 0.91% | ₹691.8 Cr | |
| 35,71,191 | 1.19% | ₹605.8 Cr | |
| 33,61,333 | 1.11% | ₹570.2 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.SBI Life Insurance Company insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 54 pledge filings of unclear kind
- Others: no market trade · 55 pledge filings of unclear kind
SBI Life Insurance Company competitors and peers
Insurance, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to SBI Life Insurance Company in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4,95,184 | 8.24 | 2.59 | +10.3% | +23.3% | 36.3% | – | 2.55% | |
| 1,11,693 | 54.53 | 5.74 | +17.8% | +8.2% | 11.2% | – | 0.41% | |
| 79,129 | 30.97 | 4.40 | +14.3% | −8.8% | 15.2% | – | 0.88% | |
| 59,791 | 33.98 | 4.09 | +15.2% | +34.0% | 12.9% | – | 0.40% | |
| 57,036 | 6.41 | 0.93 | +4.3% | +4.0% | 15.8% | – | 4.08% | |
| 42,263 | – | 7.39 | +17.6% | – | – | 4.1% | 0.00% | |
| 30,564 | 29.00 | 4.03 | – | +97.7% | 14.4% | – | 0.00% | |
| 27,100 | 37.78 | 1.11 | +10.5% | −36.6% | 3.0% | – | 0.91% |
Dividends
Per share, by the year it was paid for, and the latest payments.SBI Life Insurance Company dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 6 Mar 2026 | Interim | ₹2.70 |
| 7 Mar 2025 | Interim | ₹2.70 |
| 15 Mar 2024 | Interim | ₹2.70 |
| 16 Mar 2023 | Interim | ₹2.50 |
| 29 Mar 2022 | Interim | ₹2.00 |
| 5 Apr 2021 | Interim | ₹2.50 |
Latest announcements
Routine notices left out.SBI Life Insurance Company announcements
Oct 2026
27 Oct · Business
27 Oct · Results
22 Oct · Analysts
15 Oct · Board meeting
Sep 2026
25 Sep
SBI Life Insurance Company share price by year
Each calendar year to 2025.SBI Life Insurance Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,034.90 | +46.4% | 2,036.00 | 1,385.55 |
| 2024 | 1,390.40 | −2.9% | 1,928.65 | 1,338.85 |
| 2023 | 1,432.60 | +16.3% | 1,481.45 | 1,062.65 |
| 2022 | 1,231.30 | +3.0% | 1,331.55 | 1,025.20 |
| 2021 | 1,196.00 | +32.3% | 1,261.95 | 849.05 |
| 2020 | 904.25 | −6.0% | 1,007.80 | 539.20 |
| 2019 | 961.60 | +60.8% | 1,014.35 | 559.40 |
| 2018 | 597.85 | −14.0% | 766.10 | 511.60 |
| 2017 | 695.35 | – | 707.55 | 631.60 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 1,631.00 | 1,650.90 | 1,615.00 | 1,633.00 | 1,633.45 | 20,91,326 | 63.2% |
| 26 Oct 2026 | 1,640.00 | 1,643.70 | 1,612.50 | 1,643.70 | 1,630.95 | 8,09,303 | 55.0% |
| 23 Oct 2026 | 1,637.00 | 1,651.10 | 1,607.70 | 1,640.00 | 1,625.20 | 9,80,265 | 53.4% |
| 22 Oct 2026 | 1,647.80 | 1,652.20 | 1,619.50 | 1,642.90 | 1,637.24 | 10,66,639 | 55.7% |
| 21 Oct 2026 | 1,613.00 | 1,672.00 | 1,612.90 | 1,661.00 | 1,658.68 | 8,04,873 | 50.0% |
| 19 Oct 2026 | 1,656.00 | 1,659.00 | 1,635.30 | 1,647.80 | 1,647.17 | 9,48,959 | 52.9% |
| 16 Oct 2026 | 1,661.80 | 1,678.70 | 1,637.30 | 1,656.80 | 1,661.16 | 26,82,059 | 70.3% |
| 15 Oct 2026 | 1,657.70 | 1,674.50 | 1,650.00 | 1,661.80 | 1,666.05 | 16,30,190 | 60.2% |
| 14 Oct 2026 | 1,672.00 | 1,680.40 | 1,634.50 | 1,650.00 | 1,655.50 | 15,87,231 | 57.8% |
Company details
- NSE symbol
- SBILIFE
- BSE code
- 540719
- ISIN
- INE123W01016
- Industry
- Insurance
- Website
- www.sbilife.co.in
- CIN
- L99999MH2000PLC129113
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2000
- Registered office
- NATRAJ, M. V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400069, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments