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India
As of 12 Oct 2026, 03:30 pm
On October 7, 2026, SBI Life Insurance Company Limited allotted equity shares under its ESOP/ESPS scheme. This resulted in an increase in the company's paid-up share capital from ₹10,034,050,730 to ₹10,034,092,330, and the total number of shares increased from 1,003,405,073 to 1,003,409,233.
As of October 12, 2026, the daily trend for SBI Life indicates a bearish direction with a Supertrend direction of 'bearish', an EMA 20 slope of -12.26, and an SMA 20 slope of -3.21. The weekly trend also shows a bearish direction with a Supertrend direction of 'bearish', an EMA 20 slope of -41.22, and an SMA 20 slope of -34.82.
Yes, on September 25, 2026, SBI Life Insurance Company Limited received a tax demand order from the Deputy Commissioner in Jaipur, Rajasthan, for the period of April to August 2025. The order includes a total financial liability of ₹1,12,99,508, comprising tax, interest, and penalty. The company has stated its intention to file an appeal against this order.
As of October 12, 2026, the nearest support level for SBI Life is at ₹1668.67, which is 0.72% below the current price. The nearest resistance level is at ₹1688.33, which is 0.45% above the current price.
SBI Life announced a closure of its trading window starting from October 1, 2026. The window will remain closed until 48 hours after the declaration of financial results for the quarter and half-year ending September 30, 2026. The exact date for the board meeting to approve these results has not yet been announced.
As of 12 Oct 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Income First Year Premium | ₹4,954.93 crore | ₹5,092.71 crore | PEAK₹7,919.34 crore | ₹5,289.46 crore | ₹3,539.47 crore |
| Income Renewal Premium | ₹12,381.79 crore | ₹16,713.96 crore | PEAK₹17,471.70 crore | ₹14,002.83 crore | ₹10,546.28 crore |
| Income Single Premium | ₹3,952.93 crore | PEAK₹6,132.18 crore | ₹5,058.42 crore | ₹5,791.60 crore | ₹3,728.14 crore |
| Gross Premium Income | ₹21,289.66 crore | ₹27,938.86 crore | PEAK₹30,449.46 crore | ₹25,083.89 crore | ₹17,813.89 crore |
| Commission | ₹929.56 crore | ₹859.11 crore | PEAK₹1,610.24 crore | ₹1,240.31 crore | ₹666.03 crore |
| Operating Expenses Related To Insurance Business | ₹1,635.46 crore | ₹1,668.25 crore | PEAK₹1,909.21 crore | ₹1,518.86 crore | ₹1,129.12 crore |
Profit after tax for the quarter was ₹724.93 crore, up 22.0% from ₹594.37 crore in the same quarter last year. Basic earnings per share increased correspondingly to ₹7.23 from ₹5.93. Profit growth slightly outpaced the 19.5% rise in gross premium income.
Compared with the immediately preceding quarter (Q4 FY2025-26), profit after tax declined 9.9% from ₹804.64 crore, consistent with the lower premium income typically seen in the June quarter.
The reported solvency ratio as of 30 June 2026 was 1.96. In the four preceding quarters, the ratio was reported between 0.0190 and 0.0196, reflecting a change in calculation basis. The current ratio of 1.96 is commonly associated with a life insurer’s regulatory threshold, but the difference in scale means the figures are not directly comparable across periods.
The June 2026 quarter delivered substantial year-on-year growth in premiums and profits, led by a 40% rise in first-year premiums. Expenses, however, grew faster than premiums, pushing the expense ratio up by 1.3 percentage points to 12.05%. Profit after tax rose 22%, closely tracking premium growth. The solvency ratio was reported at 1.96, while prior quarters showed ratios near 0.019, indicating a change in reporting basis.
Disclosed bulk and block transactions involving SBI Life Insurance Company, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for SBI Life Insurance Company.
SBI Life Insurance Company Limited submitted its Regulation 74(5) dematerialisation confirmation for the quarter ended September 30, 2026. The registrar confirmed that securities received for dematerialisation were processed under the applicable requirements.
SBI Life Insurance Company Limited allotted equity shares under its ESOP/ESPS scheme on October 7, 2026, following Board approval on the same date. The allotment increased the paid-up share capital from INR 10,034,050,730 to INR 10,034,092,330 and raised the total number of shares from 1,003,405,073 to 1,003,409,233. This transaction was disclosed in compliance with SEBI LODR regulations.
On October 07, 2026, the Board Stakeholders' Relationship & Sustainability Committee of SBI Life Insurance Company Ltd. resolved to allot 4,160 equity shares of Rs. 10 each to employees exercising vested options under the 'SBI Life Employee Stock Option Scheme 2018'. Following this allotment, the company's paid-up share capital increased to Rs. 10,03,40,92,330, comprising a total of 1,00,34,09,233 equity shares. The intimation was formally submitted to the National Stock Exchange and BSE Limited by Company Secretary Girish Mahesh Manik on the same date.
SBI Life Insurance Company announced that its trading window for dealing in its securities will be closed from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026. The closure is in line with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The date of the board meeting to approve the results will be announced later.
SBI Life Insurance Company Limited announced a trading window closure starting October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026.
On September 25, 2026, SBI Life Insurance Company Limited received a tax demand order from the Deputy Commissioner in Jaipur, Rajasthan, regarding excess Input Tax Credit claimed between April and August 2025. The order imposes a total financial liability of Rs. 1,12,99,508, comprising a tax amount of Rs. 96,12,911, interest of Rs. 7,25,306, and a penalty of Rs. 9,61,291. The company has announced its intention to file an appeal against this order before the competent Appellate Tribunal.
SBI Life Insurance Company's Board of Directors, at a meeting on September 22, 2026, approved the appointment of Mr. Nihar Niranjan Jambusaria as an Additional Independent Director. His term is for three consecutive years, commencing September 22, 2026, and he is not liable to retire by rotation. Mr. Jambusaria is a Chartered Accountant with over four decades of experience, including as Senior Vice President – Taxation at Reliance Industries Limited until April 2020.
SBI LIFE INSURANCE COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
Recent market and company developments associated with SBI Life Insurance Company.
LIC outpaced private insurers in individual life insurance premium growth in September 2026, but private players grew faster in total new business premiums. HDFC Life and ICICI Prudential Life stood out. What do these trends mean for policy buyers?
Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial shares
The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332.
Insurers like Life Insurance Corp and SBI Life need to improve cost efficiencies under new regulatory guidelines. The proposals suggest lowering the expense of management limit from around 16% to 12.5% within five years. While larger insurers are compliant, they must reduce their efficiencies further. Smaller players might gain market share if they enhance their operations as well. The overall goal is to increase efficiency and value for policyholders.
Transformations are on the horizon for India's insurance industry, with new proposals from the Insurance Regulatory and Development Authority of India aiming to streamline product distribution and limit commissions. These changes could lead to lower insurance premiums, but distributors heavily reliant on commissions might struggle. Insurers like SBI Life, known for their efficient low commission rates, may adapt more easily.
Prathamesh Kadival, Research Analyst at Bonanza, believes that India's insurance sector is entering an important phase as IRDAI pushes for lower costs, greater transparency and better value for policyholders
FIIs continued their selling trend, offloading equities worth ₹3,694 crore in the previous session, while DIIs purchased approximately ₹2,838 crore
Insurance stocks including PB Fintech, Turtlemint, ICICI Lombard, HDFC Life and SBI Life face selling pressure as proposed IRDAI distribution reforms raise concerns over commissions, revenue and earnings.
Comprehensive Section Breakdown for SBI Life Insurance Company
Strategic Vision: Private life insurer offering protection, pension, and savings plans.
• Integration with State Bank of India's extensive retail branch network.
• Digital integration with SBI's YONO mobile banking application.
• Established agency network in regional and rural areas.
In the June 2026 quarter, SBI Life Insurance Company Limited reported a 19.5% year-on-year increase in gross premium income to ₹21,289.66 crore, while profit after tax rose 22% to ₹724.93 crore. Expenses of management, however, grew 33.9%, lifting the expense ratio to 12.05% from 10.75% a year earlier. The solvency ratio stood at 1.96, a different scale from the 0.0190–0.0196 range reported in the four preceding quarters.
Gross premium income for the quarter ended 30 June 2026 was ₹21,289.66 crore, up 19.5% from ₹17,813.89 crore in the same quarter last year. All premium categories expanded year-on-year, with the sharpest growth in first-year premiums.
Sequentially, gross premium income declined from ₹27,938.86 crore in the March 2026 quarter, in line with the historical pattern where the June quarter typically sees the lowest premiums. Single premiums fell the most (−35.5%), followed by renewal premiums (−25.9%), while first-year premiums dipped only 2.7%.
Total expenses of management reached ₹2,565.02 crore, 33.9% higher than the ₹1,915.17 crore recorded in the prior-year June quarter. This pace comfortably exceeded the 19.5% growth in gross premium income.
As a result, the expense ratio (expenses of management as a percentage of gross premium income) rose to 12.05% from 10.75% a year earlier. Sequentially, expenses edged up 1.5% while gross premium declined, pushing the ratio higher in the near term.
Category: Financial Services
Offers individual term plans, Unit Linked Insurance Plans (ULIPs), and traditional endowment savings policies.
Key Products & Services: Smart Shield
Category: Financial Services
Provides corporate employee term plans, loan-linked credit protection schemes, and immediate/deferred annuity retirement solutions.
Core Thesis: The company integrates physical bank branch channels with group digital applications to distribute its insurance products.
• SBI Bancassurance Channel Integration: Routes products directly through SBI's retail branch network, cross-selling to account holders and loan clients. • SBI YONO Application Digital Integration: Sales and policy administration portals are integrated within SBI's 'YONO' mobile banking super-app for digital transactions. • Regional & Rural Agency Sourcing: Operates a direct agency channel recruiting local agents in tier-3 cities and rural hubs for micro-insurance plans. • Group Gratuity & Pension Sourcing: Partners with corporate institutions and government entities to manage group superannuation and gratuity trusts.
Reported ownership for FY2027-Q1 as of 2026-06-30.