SBI Life Insurance Company logo

SBI Life Insurance Company share price

NSE: SBILIFEBSE: 540719InsuranceLarge Cap

SBI Life Insurance Company Limited · Face value ₹10 · Listed Oct 2017 · Issue price ₹700
Last close ₹1,666.70up ₹33.70 (2.06%)BSE ₹1,665.00

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

52-week range of traded prices to 28 Oct 2026
₹1,607.70Low, 23 Oct 2026₹2,132.00High, 23 Feb 2026
Market cap
₹1,67,238 Cr45th largest listed
P/E
62.98
P/B
8.14
Dividend yield
0.16%
ROE
13.7%
Solvency
1.97times the capital required
Gross premium
₹1,01,286 Cr
First-year premium
₹21,841 Cr
Expense ratio
10.59%
Persistency, 13 months
88%
Conservation
85%
Volume, NSE
13,99,38350.4% delivered

SBI Life Insurance Company share price chart

Daily closes since Oct 2017, adjusted for splits and bonuses

−13.9%over a year · Nifty 500 −8.8%

Results20-session average 14,53,849 shares a day, 59.3% 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

  • Unit-linked policies made up 41.71% of new business premium in the year to Mar 2026, at ₹177.50 billion, up 7.92%.23
  • In the year to Mar 2026, individual non-participating savings made up 25.02%, at ₹106.46 billion, up 23.61%, and participating policies 3.92%.24

Revenue mix

  • Premium by type, ₹ billion25
    Itemyear to Mar 2026year to Mar 2025
    Renewal premium (later years of existing policies)587.35494.08
    Individual new business premium297.83263.60
    Group new business premium127.6892.17
  • 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
    Itemquarter to Jun 2026
    Bancassurance47%
    Agency25%
    Other channels28%

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. 1. Investor presentation, 24 Jul 2026, page 6
  2. 2. Annual report, 23 Jul 2026, page 93
  3. 3. Annual report, 23 Jul 2026, page 36
  4. 4. Investor presentation, 24 Jul 2026, page 4
  5. 5. Investor presentation, 24 Jul 2026, page 53
  6. 6. Annual report, 23 Jul 2026, page 196
  7. 7. Annual report, 23 Jul 2026, page 63
  8. 8. Annual report, 23 Jul 2026, page 108
  9. 9. Investor presentation, 24 Jul 2026, page 6
  10. 10. Annual report, 23 Jul 2026, page 96
  11. 11. Annual report, 23 Jul 2026, page 82
  12. 12. Investor presentation, 24 Jul 2026, page 4
  13. 13. Investor presentation, 24 Jul 2026, page 5
  14. 14. Investor presentation, 24 Jul 2026, page 2
  15. 15. Annual report, 23 Jul 2026, page 64
  16. 16. Annual report, 23 Jul 2026, page 17
  17. 17. Annual report, 23 Jul 2026, page 66
  18. 18. Annual report, 23 Jul 2026, page 70
  19. 19. Investor presentation, 24 Jul 2026, page 2
  20. 20. Earnings call, 24 Jul 2026, page 4
  21. 21. Annual report, 23 Jul 2026, page 70
  22. 22. Annual report, 23 Jul 2026, page 27
  23. 23. Annual report, 23 Jul 2026, page 64
  24. 24. Annual report, 23 Jul 2026, page 63
  25. 25. Annual report, 23 Jul 2026, page 64
  26. 26. Investor presentation, 24 Jul 2026, page 4
  27. 27. Earnings call, 24 Jul 2026, page 4
  28. 28. Earnings call, 24 Jul 2026, page 5
  29. 29. Investor presentation, 24 Jul 2026, page 4
  30. 30. Investor presentation, 24 Jul 2026, page 25
  31. 31. Annual report, 23 Jul 2026, page 258
  32. 32. Investor presentation, 24 Jul 2026, page 6
  33. 33. Earnings call, 24 Jul 2026, page 5
  34. 34. Investor presentation, 24 Jul 2026, page 4
  35. 35. Investor presentation, 24 Jul 2026, page 5
  36. 36. Investor presentation, 24 Jul 2026, page 2
  37. 37. Investor presentation, 24 Jul 2026, page 5
  38. 38. Annual report, 23 Jul 2026, page 79
  39. 39. Annual report, 23 Jul 2026, page 79
  40. 40. Annual report, 23 Jul 2026, page 72
  41. 41. Annual report, 23 Jul 2026, page 3
  42. 42. Annual report, 23 Jul 2026, page 79
  43. 43. Annual report, 23 Jul 2026, page 170
  44. 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 months
+16.9%
Net profit growth, 12 months
+8.2%

Quarter to Sep 2026, against the quarter before

Gross premium
₹27,115 Cr
Net profit
₹549 Crdown 24.24%

Gross premium by quarter

₹24,998 CrDec 24₹24,002 CrMar 25₹17,814 CrJun 25₹25,084 CrSep 25₹30,449 CrDec 25₹27,939 CrMar 26₹21,290 CrJun 26₹27,115 CrSep 26
Peak gross premium ₹30,449 Cr, quarter to Dec 2025; lowest ₹17,814 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹551 CrDec 24₹814 CrMar 25₹594 CrJun 25₹495 CrSep 25₹577 CrDec 25₹805 CrMar 26₹725 CrJun 26₹549 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Gross premium24,99824,00217,81425,08430,44927,93921,29027,115
Net profit551814594495577805725549
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of net premium, year to Mar 2026, standalone.Segment revenue and profit

  • Linked Individual Life₹42,782 Crup 22.90%42.8%
  • Non Participating Life₹18,704 Crup 21.04%18.7%
  • Non Participating Group Life₹12,180 Crup 22.50%12.2%
  • Linked Pension₹10,172 Crdown 11.15%10.2%
  • Participating Life₹7,528 Crup 14.77%7.5%
  • Non Participating Annuity₹7,034 Crup 34.14%7.0%
  • Linked Group Life₹1,253 Cr1.3%
  • Participating Pension₹241 Cr0.2%
  • Non Participating VIP₹24 Cr0.0%
  • Non Participating Health₹16 Cr0.0%
  • Participating VIP₹13 Cr0.0%
  • Non Participating Pension₹8 Cr0.0%
The pill is the change in net premium on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.SBI Life Insurance Company PE ratio and valuation

Price to earnings

At or below today's level on 4% of 1,102 trading days over the last 5 years.

LowestHighest
Its median75.02Industry median32.48
Price to book

At or below today's level on 2% of 1,869 trading days since Feb 2018.

LowestHighest
Its median9.96Industry median4.09
Dividend yield

At or below today's level on 39% of 2,172 trading days since Jan 2018.

LowestHighest
Its median0.18%Industry median0.78%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.SBI Life Insurance Company shareholding pattern

Shareholding by group

  • Promoters55.31%
  • Foreign institutions20.68%
  • Indian institutions20.07%
  • Individuals and others3.94%
Holder
STATE BANK OF INDIAPromoter55.31%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I3.27%
NPS TRUST SCHEMESProvident and pension funds2.18%
MACRITCHIE INVESTMENTS PTE LTDForeign companies1.50%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.01 pts, foreign institutions −0.27 pts, Indian institutions +0.41 pts, mutual funds −0.10 pts.

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 time
2
Bought again
8
Added
118
Cut
97
Held unchanged
147
Sold out
11
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Life Insurance Corporation of India logoLife Insurance Corporation of IndiaLICI4,95,1848.242.59+10.3%+23.3%36.3%–2.55%
HDFC Life Insurance Company logoHDFC Life Insurance CompanyHDFCLIFE1,11,69354.535.74+17.8%+8.2%11.2%–0.41%
ICICI Lombard General Insurance Company logoICICI Lombard General Insurance CompanyICICIGI79,12930.974.40+14.3%−8.8%15.2%–0.88%
ICICI Life Insurance logoICICI Life InsuranceICICILIFE59,79133.984.09+15.2%+34.0%12.9%–0.40%
General Insurance Corporation of India logoGeneral Insurance Corporation of IndiaGICRE57,0366.410.93+4.3%+4.0%15.8%–4.08%
Max Financial Services logoMax Financial ServicesMFSL42,263–7.39+17.6%––4.1%0.00%
Star Health and Allied Insurance Company logoStar Health and Allied Insurance CompanySTARHEALTH30,56429.004.03–+97.7%14.4%–0.00%
The New India Assurance Company logoThe New India Assurance CompanyNIACL27,10037.781.11+10.5%−36.6%3.0%–0.91%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

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

2Mar 182Mar 19Mar 202.5Mar 212Mar 222.5Mar 232.7Mar 242.7Mar 252.7Mar 26
Highest ₹2.70 a share, years to Mar 2024, Mar 2025 and Mar 2026.
Ex-dateTypePer share
6 Mar 2026Interim₹2.70
7 Mar 2025Interim₹2.70
15 Mar 2024Interim₹2.70
16 Mar 2023Interim₹2.50
29 Mar 2022Interim₹2.00
5 Apr 2021Interim₹2.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.SBI Life Insurance Company announcements

SBI Life Insurance Company share price by year

Each calendar year to 2025.SBI Life Insurance Company share price history

YearClose at year endChangeHighest closeLowest close
20252,034.90+46.4%2,036.001,385.55
20241,390.40−2.9%1,928.651,338.85
20231,432.60+16.3%1,481.451,062.65
20221,231.30+3.0%1,331.551,025.20
20211,196.00+32.3%1,261.95849.05
2020904.25−6.0%1,007.80539.20
2019961.60+60.8%1,014.35559.40
2018597.85−14.0%766.10511.60
2017695.35–707.55631.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 3 Oct 2017.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,631.001,650.901,615.001,633.001,633.4520,91,32663.2%
26 Oct 20261,640.001,643.701,612.501,643.701,630.958,09,30355.0%
23 Oct 20261,637.001,651.101,607.701,640.001,625.209,80,26553.4%
22 Oct 20261,647.801,652.201,619.501,642.901,637.2410,66,63955.7%
21 Oct 20261,613.001,672.001,612.901,661.001,658.688,04,87350.0%
19 Oct 20261,656.001,659.001,635.301,647.801,647.179,48,95952.9%
16 Oct 20261,661.801,678.701,637.301,656.801,661.1626,82,05970.3%
15 Oct 20261,657.701,674.501,650.001,661.801,666.0516,30,19060.2%
14 Oct 20261,672.001,680.401,634.501,650.001,655.5015,87,23157.8%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Challa Sreenivasulu Setty
At the end of the quarter to Sep 2026
Managing director and CEO
Amit Jhingran
At the end of the quarter to Sep 2026
NSE symbol
SBILIFE
BSE code
540719
ISIN
INE123W01016
Industry
Insurance
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