SBI Life Insurance Limited, commonly referred to as SBI Life, is one of the most reputed brands in the Indian life insurance sector. It was established in October 2000 and is headquartered in Mumbai. It is owned by the State Bank of India, the largest commercial bank in India. It is a joint venture between SBI and the French financial institution BNP Paribas Cardif SA.
SBI Life received official recognition from the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. The company is listed on the BSE and the National Stock Exchange.
The market capitalisation of SBI Life Insurance Company Limited is ₹137,300 crore as of January 25, 2024. The share price of SBI Life Insurance Company Limited has gained 58.45% in the last three years.
Business Operations
SBI Life Insurance Company Limited offers a wide range of products to meet the needs of both individuals and groups, including protection, pension, savings and health insurance. Its life insurance division has individual life and group business segments. The latter includes participating and non-participating pension plans, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health insurance and microinsurance.
The company offers a total of 34 individual and 9 group products. These serve diverse customer segments including mass, affluent, high net worth individuals (HNI), rural, urban, and social demographics. In FY23, the company issued 21,97,656 policies, providing coverage to 20.6 million lives.
It holds a significant position in the private insurance market with a 22.26% share in individual rated premium, a 21.34% share in new business premium and a 27.31% share in individual new policies.
SBI Life has a widespread presence nationwide. This includes around 1,000 offices and a workforce of 20,787 employees as of March 31, 2023. The company collaborates with 14 bancassurance partners, operating through over 41,000 partner branches. It also engages with 129 brokers and various other insurance marketing firms to further extend its reach and impact.
SBI Life Insurance maintains a vast network comprising 2.09 lakh individual agents, alongside 66,000 other distributors. The company operates through 992 offices and collaborates with approximately 2.8 lakh business partners. Through this vast network, the company offers its services in 28 states and 7 Union Territories.
In FY23, the company secured the top position among private players in terms of new business premium (nbp), individual nbp and individual rated NBP. It also surpassed the ₹3 trillion mark in assets under management. During FY23, the company also introduced five new products: SBI Smart Annuity Plus, SBI Life- Retire Smart Plus, SBI Life- Smart Lifetime Saver, SBI Life- Group Micro Shield- SP and SBI Life- Group Micro Shield.
As part of its expansion efforts, SBI Life Insurance Company Limited opened 40 new offices in FY23. It also established new partnerships with popular institutions such as Karur Vyasa Bank, India Post Payment Bank and Paschim Banga Gramin Bank.
SBI Life Insurance Financial Highlights
- Revenue: SBI Life Insurance reported revenue of ₹1,12,965.88 crore in FY25 vs ₹1,17,118.67 crore in FY24. It showed a decrease of 3.55% on a yearly basis.
- Operating Profit: SBI Life Insurance reported an operating profit of ₹3,289.37 crore in FY25 vs ₹2,994.46 crore in FY24. It showed an increase of 9.85% on a year-on-year basis.
- Net Profit: SBI Life Insurance reported a net profit of ₹2,470.30 crore in FY25 vs ₹2,413.30 crore in FY24. It showed an increase of 2.36% on a yearly basis.
SBI Life Insurance Quarterly Result Highlights
- SBI Life Insurance reported revenue of ₹38,695.91 crore in Jun 2025, compared with ₹24,169.41 crore in Mar 2025, representing an increase of 60.10% on a quarter-on-quarter (QoQ) basis.
- SBI Life Insurance reported an operating profit of ₹468.15 crore in Jun 2025, compared with ₹1,563.23 crore in Mar 2025, representing a decrease of 70.05% on a quarter-on-quarter (QoQ) basis.
- SBI Life Insurance reported a profit of ₹594.37 crore in Jun 2025, compared with ₹813.51 crore in Mar 2025, reflecting a decrease of 26.94% on a QoQ basis.
- The earnings per share (EPS) of SBI Life Insurance stood at ₹24.09 during Jun 2025.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
