INTEGRATED FILING — LI



General information about company

Scrip code 540719
NSE Symbol SBILIFE
MSEI Symbol NOTLISTED
ISIN INE123W01016
Name of Company SBI LIFE INSURANCE COMPANY LIMITED
Type of company Main Board
Class of security Equity
Type Of Insurance Non-Linked Policy And Linked Policy
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 24-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Start date and time of board meeting 24-Jul-2025   12:40:00
End date and time of board meeting 24-Jul-2025   15:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company doesn't have any borrowings hence the disclosure with respect to defualt on loans and borrowing is not applicable.





Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
Policyholders' Accounts
1 Income
(i) Gross premium income
(a) First Year Premium 35394709000
(b) Renewal Premium 105462767000
(c) Single Premium 37281377000
Gross premium income 178138853000
(ii) Net premium income 171784933000
(iii) Income from investments (Net) 215251376000
(iv) Other income
1 Unclaim Investment Income 4732000
2 Bank Charges recovery 320000
3 Interest on renewal Premium 358000
4 Interest on revived policies 79989000
5 Stale Cheque written back 46000
6 FMC Income on Variable insurance products (VIP) 13000
7 Other Income -162758000
Total other income -77300000
(v) Transfer Of Funds From Shareholders Account 0
(vi) Total Income 386959009000
2 Expenses
(i) Commission on
(a) First Year Premium 3935053000
(b) Renewal Premium 2238737000
(c) Single Premium 486547000
Total Commission 6660337000
(ii) Net Commission 7860526000
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 7091645000
(b) Administration expenses 0
(c) Advertisement and publicity 437569000
(b) Other operating expenses
1 Legal & professional charges 563734000
2 Depreciation 258812000
3 Rent, rates & taxes 318675000
4 Information technology expenses 555016000
5 Stamp duty on policies 436766000
6 Travel, conveyance and vehicle running expenses 331962000
7 Repairs 275623000
8 Communication expenses 195483000
9 Training Expenses 49314000
10 Other expenses 776563000
Total other operating expenses 3761948000
Total operating expenses related to insurance business 11291162000
Total Expenses of Management 19151688000
(iv) Provisions for doubtful debts (including bad debts written off) 2882000
(v) Provisions for diminution in value of investments -123539000
(vi) Goods & Service tax charge on linked charges 2610908000
(vii) Provision for taxes
Current Tax 452454000
Deffered Tax 0
Total provision of taxes 452454000
(viii) Benefits Paid (Net) 101183643000
(ix) Change in actuarial liability 258999460000
Total Expenses 382277496000
3 Net Surplus(Deficit) 4681513000



4 Appropriations
(a) Transferred to Shareholders A/c 3215422000
(b) Funds for Future Appropriation 1466091000
5 Details of Surplus / Deficit
(a) Interim bonus paid 63985000
(b) Allocation of bonus to policyholders 0
(c) Surplus shown in the Revenue Account 4681512000
(d) Terminal bonus paid 834595000
Total Surplus (Deficit ) 5580092000



SHAREHOLDERS ' Account
1 Income
(i) Transfer from Poliycholders' Account 3215422000
(ii) Income under Shareholders' Account
(a) Investment Income 2928676000
(b) Other income
Total Other income
Total income under shareholders account 2928676000
Total Income 6144098000
2 Expenses
(i) Expenses other than those related to insurance business 75466000
(ii) Transfer of funds to policyholders account 0
(iii) Provisions for doubtful debts (including write off) 0
(iv) Provisions for diminution in value of investments -40858000
Total Expenses 34608000
3 Profit/ (loss) before tax 6109490000
4 Provisions for tax 165774000
(i) Current tax 165774000
(ii) Deffered tax 0
5 Profit / (loss) after tax and before Extraordinary Items 5943716000
6 Extraordinary Items (Net of tax expenses) 0
7 Profit/ (loss) after tax and Extraordinary Items 5943716000
8 Dividend per share
(a) Interim Dividend 0
(b) Final Dividend 0
9 Profit/(Loss) carried to Balance Sheet 162249396000
10 Paid up equity share capital 10023513000
11 Reserve & Surplus (excluding Revaluation Reserve) 164050161000
12 Fair Value Change Account and Revaluation Reserve (Shareholders) 4307896000
13 Assets
(i) Investments:
(a) Shareholders 163940575000
(b) Policyholders Fund excluding Linked Assets 1919170633000
(c) Assets held to cover Linked Liabilities 2667942319000
Total Investments 4751053527000
(b) Other Assets (Net of current liabilities and provisions) 30761549000
Total Assets 4781815076000
14 Analytical Ratios
(i) Solvency Ratio 0.0196
(ii) Expenses of Management Ratio 0.0011
(iii) Policyholder 's liabilities to shareholders' fund 2581000
(iv) Earnings per share (Rs.):
(a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) 5.93
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) 5.93
(v) NPA ratios: (for policyholders' fund)
(a) Gross NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
Net NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
% of Gross NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
% of Net NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
(vi) Yield on Investments (on policyholders' fund)
(a) Without unrealised gains
Non Linked
Par 0.0009
Non Par 0.0007
Linked
Par 0
Non Par 0.001
(b) With unrealised gains
Non Linked
Par 0.0011
Non Par 0.0007
Linked
Par 0
Non Par 0.0029
(vii) NPA ratios: (for shareholders' fund)
(a) Gross NPAs 0
Net NPAs 0
(b) Percentage of Gross NPAs 0
Percentage of Net NPAs 0
(viii) Yield on Investments (on shareholders' fund)
(a) Without unrealised gains 8000
(b) With unrealised gains 15000
(ix) Persistency Ratio
1 13th Month 0.0084
2 25th Month 0.0075
3 37th Month 0.007
4 49th Month 0.0068
5 61st Month 0.0059
(ix) Other Rations
(x) Conservation Ratio 0.009
(xi) Percentage of shares held by Government of India (in case of public sector insurance companies) 0


Investor Compliants
(i) No of investor complaints pending at the beginning of the period 0
(ii) No of investor complaints during the period 4
(iii) No of investor complaints disposed off during the period 4
(iv) No of investor complaints remaining unresolved at the end of the period 0



(c) Notes Format for financial results by life insurance companies filed with stock exchanges
1. The Company doesn't have any subsidiary/associate/joint venture company(ies) therefore consolidated financial statements are not applicable to the Company. 2. The above financial results have been reviewed by the Board Audit Committee and subsequently approved by the Board of Directors at its meeting held on July 24, 2025. 3. The financial results have been prepared in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and IRDA circular IRDA/F&I/REG/CIR/208/10/2016 dated October 25, 2016 on publication of financial results for life insurance companies. 4. The above financial results are audited by the Joint Statutory Auditors, M/s. A John Moris & Co, Chartered Accountants and M/s. K S Aiyar & Co, Chartered Accountants. 5. During the quarter ended June 30, 2025 the Company has allotted 216,237 equity shares with face value of Rs.10 each to its eligible employees pursuant to exercise of employee stock options in accordance with the Company's Employee Stock Option Scheme 2018 (ESOS 2018). 6. Insurance Regulatory and Development Authority of India (IRDAI) vide its order dated June 2, 2023 (IRDAI order) passed in terms of section 52B (2) of the Insurance Act, 1938 has directed to transfer the life insurance business of Sahara India Life Insurance Company Limited (SILIC) involving policy liabilities and policyholders investment/ assets to SBI Life Insurance Company Limited (SBI Life or the Company). On appeal filed by SILIC against the said IRDAI order, the Securities Appellate Tribunal ('SAT' or 'Tribunal') vide its order dated June 13, 2023 has granted stay on the effect and operation of the said IRDAI order. Subsequently, the IRDAI has filed an appeal with Honble Supreme Court against the stay order passed by SAT. The Honble Supreme Court in its hearing held on July 17, 2023 has set aside Securities Appellate Tribunals (SAT) stay and directed the SAT to hear the case and decide it afresh. Subsequently, SAT has initiated the hearing of the case which is yet to be adjudicated upon. The impact of the transactions pertaining to SILIC will be given in the financial results of the Company on receipt of all the relevant information as specified in the said IRDAI order and in accordance with the further directions of the Authority. 7. In accordance with requirement of IRDAI Master Circular on 'Presentation of Financial Statements and Filing of Returns' and IRDAI circular no. IRDAI/F&A/CIR/MISC/256/09/2021 dated September 30, 2021, the Company will publish the financials on the Company's website latest by August 14, 2025. 8. In view of seasonality of the industry, the financial results for the quarter or interim period are not necessarily indicative of the results that may be expected of any other interim period or full year. 9. The figures of quarter ended March 31, 2025 as reported in these financial results are the balancing figures between audited figures in respect of full financial year and published year-to-date figures upto the end of the third quarter of the relevant financial year. 10. Figures of the previous period/year have been regrouped/ reclassified/restated wherever necessary, in order to make them comparable. 11. The persistency ratios are calculated as per IRDAI circular IRDAI/NL/MSTCIR/RT/93/6/2024 dated June 14, 2024. i) Persistency ratios for the three months ended June 30, 2025 & June 30, 2024 are for the quarter persistency calculated using policies issued in 1st March to 31st May of the relevant years. 12.Net Commission includes rewards. 13. Profit and Loss carried forward to balance sheet represents accumulated profit. 14. Income from investments is net of amortisation and Losses (including capital gains) 15. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosures. 16. Basic and diluted EPS is not annualized for three months.



Format for financial results by life insurance companies filed with stock exchanges

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
Segment Income
1 Name of segment Participating Life
(i) Net premium 12438968000 12438968000
(ii) Income form investments 11614696000 11614696000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 31655000 31655000
2 Name of segment Participating Pension
(i) Net premium 452271000 452271000
(ii) Income form investments 996085000 996085000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 543000 543000
3 Name of segment Participating VIP
(i) Net premium 26439000 26439000
(ii) Income form investments 129752000 129752000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 9000 9000
4 Name of segment Non Participating Life
(i) Net premium 31945595000 31945595000
(ii) Income form investments 9192966000 9192966000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income -119057000 -119057000
5 Name of segment Non Participating Pension
(i) Net premium 12644000 12644000
(ii) Income form investments 63141000 63141000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 10000 10000
6 Name of segment Non Participating Group Life
(i) Net premium 34006596000 34006596000
(ii) Income form investments 8341730000 8341730000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 716000 716000
7 Name of segment Non Participating Annuity
(i) Net premium 12400723000 12400723000
(ii) Income form investments 4654433000 4654433000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 1374000 1374000
8 Name of segment Non Participating Health
(i) Net premium 28335000 28335000
(ii) Income form investments 38389000 38389000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 86000 86000
9 Name of segment Non Participating VIP
(i) Net premium 176844000 176844000
(ii) Income form investments 387365000 387365000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 46000 46000
10 Name of segment Linked Individual Life
(i) Net premium 62584374000 62584374000
(ii) Income form investments 150960950000 150960950000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 18520000 18520000
11 Name of segment Linked Group Life
(i) Net premium 443421000 443421000
(ii) Income form investments 235788000 235788000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income -21000 -21000
12 Name of segment Linked Pension
(i) Net premium 17268721000 17268721000
(ii) Income form investments 28759621000 28759621000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income -11179000 -11179000
13 Name of segment Shareholders
(i) Net premium 0
(ii) Income form investments 2969534000
(iii) Transfer of funds from shareholders' account 0
(iv) Other income 0
14 Name of segment Unallocated
(i) Net premium 0
(ii) Income form investments 0
(iii) Transfer of funds from shareholders' account 0
(iv) Other income 0



Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
Segment Surplus/(Deficit) (net of transfer from shareholders' A/c)
1 Participating Life 738294000
2 Participating Pension 600336000
3 Participating VIP 80950000
4 Non Participating Life -3524052000
5 Non Participating Pension 17203000
6 Non Participating Group Life 2333356000
7 Non Participating Annuity -325674000
8 Non Participating Health -93746000
9 Non Participating VIP 144247000
10 Linked Individual Life 3297413000
11 Linked Group Life -6965000
12 Linked Pension 1420151000
13 Shareholders 2728294000
14 Unallocated 0



Notes Segment Surplus/(Deficit)
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 2. Participating Policies : (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c. Variable insurance further segregated into Life, General Annuity and Pension and Health where any such segment contributes ten per cent or more of the total premium of the Company. 2. Net of Provisions for diminution in value of investments and provision for standard and non-standard assets. 3. Segment policy liabilities includes fund for future appropiration and Credit/(debit) fair value change account on policyholders fund


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Segment Assets
1 Participating Life 591921220000
2 Participating Pension 36857519000
3 Participating VIP 4230875000
4 Non Participating Life 546729418000
5 Non Participating Pension 2874194000
6 Non Participating Group Life 443480254000
7 Non Participating Annuity 277408382000
8 Non Participating Health 1758981000
9 Non Participating VIP 13311588000
10 Linked Individual Life 2041265080000
11 Linked Group Life 6824666000
12 Linked Pension 638800411000
13 Shareholders 178383353000
14 Unallocated -2031058000


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Segment Liabilities
1 Participating Life 591911982000
2 Participating Pension 36693644000
3 Participating VIP 4082800000
4 Non Participating Life 546495900000
5 Non Participating Pension 2803600000
6 Non Participating Group Life 443192205000
7 Non Participating Annuity 277342945000
8 Non Participating Health 1712661000
9 Non Participating VIP 13184319000
10 Linked Individual Life 2040851438000
11 Linked Group Life 6605877000
12 Linked Pension 638554159000
13 Shareholders 178383353000
14 Unallocated 0




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s A John Moris & Co Yes 30-Sep-2025
2 M/s K S Aiyar & Co Yes 31-May-2028