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LIFE INSURANCE COMPANY LIMITEDMain BoardEquityNon-Linked Policy And Linked Policy2025-04-012026-03-312025-07-242025-07-16INRLakhsQuarterlyFirst quarter2025-07-2412:40:002025-07-2415:10:00Declaration of unmodified opinionfalsefalseThe Company doesn't have any borrowings hence the disclosure with respect to defualt on loans and borrowing is not applicable.2025-04-012025-06-30AuditedStandalone3539470900010546276700037281377000178138853000171784933000215251376000-773000000386959009000393505300022387370004865470006660337000786052600070916450000437569000376194800011291162000191516880002882000-123539000261090800045245400004524540001011836430002589994600003822774960004681513000321542200014660910006398500004681512000834595000558009200032154220002928676000292867600061440980007546600000-408580003460800061094900001657740001657740000594371600005943716000001622493960001002351300016405016100043078960001639405750001919170633000266794231900047510535270003076154900047818150760000.01960.001125810005.935.9300000000000000000.00090.000700.0010.00110.000700.002900008000150000.00840.00750.0070.00680.00590.009004401. The Company doesn't have any subsidiary/associate/joint venture company(ies) therefore consolidated financial statements are not applicable to the Company. <br></br> 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. <br></br> 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. <br></br> 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. <br></br> 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"). <br></br> 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. <br></br> 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. <br></br> 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. <br></br> 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. <br></br> 10. Figures of the previous period/year have been regrouped/ reclassified/restated wherever necessary, in order to make them comparable. <br></br> 11. The persistency ratios are calculated as per IRDAI circular IRDAI/NL/MSTCIR/RT/93/6/2024 dated June 14, 2024. <br></br> 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. <br></br> <br></br> 12.Net Commission includes rewards. <br></br> 13. Profit and Loss carried forward to balance sheet represents accumulated profit. <br></br> 14. Income from investments is net of amortisation and Losses (including capital gains) <br></br> 15. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosures. <br></br> 16. Basic and diluted EPS is not annualized for three months.0Unclaim Investment Income4732000Bank Charges recovery320000Interest on renewal Premium358000Interest on revived policies79989000Stale Cheque written back46000FMC Income on Variable insurance products (VIP)13000Other Income-162758000Legal & professional charges563734000Depreciation258812000Rent, rates & taxes318675000Information technology expenses555016000Stamp duty on policies436766000Travel, conveyance and vehicle running expenses331962000Repairs275623000Communication expenses195483000Training Expenses49314000Other expenses776563000Participating Life1243896800011614696000031655000Participating Pension4522710009960850000543000Participating VIP2643900012975200009000Non Participating Life3194559500091929660000-119057000Non Participating Pension1264400063141000010000Non Participating Group Life3400659600083417300000716000Non Participating Annuity12400723000465443300001374000Non Participating Health2833500038389000086000Non Participating VIP176844000387365000046000Linked Individual Life62584374000150960950000018520000Linked Group Life4434210002357880000-21000Linked Pension17268721000287596210000-11179000Shareholders0296953400000Unallocated0000Participating Life738294000Participating Pension600336000Participating VIP80950000Non Participating Life-3524052000Non Participating Pension17203000Non Participating Group Life2333356000Non Participating Annuity-325674000Non Participating Health-93746000Non Participating VIP144247000Linked Individual Life3297413000Linked Group Life-6965000Linked Pension1420151000Shareholders2728294000Unallocated01. Segments include: <br></br> a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable <br></br> b. Non-Linked <br></br> 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable <br></br> 2. Participating Policies : (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable <br></br> 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. <br></br> 2. Net of Provisions for diminution in value of investments and provision for standard and non-standard assets. <br></br> 3. Segment policy liabilities includes fund for future appropiration and Credit/(debit) fair value change account on policyholders fundParticipating Life591921220000Participating Pension36857519000Participating VIP4230875000Non Participating Life546729418000Non Participating Pension2874194000Non Participating Group Life443480254000Non Participating Annuity277408382000Non Participating Health1758981000Non Participating VIP13311588000Linked Individual Life2041265080000Linked Group Life6824666000Linked Pension638800411000Shareholders178383353000Unallocated-2031058000Participating Life591911982000Participating Pension36693644000Participating VIP4082800000Non Participating Life546495900000Non Participating Pension2803600000Non Participating Group Life443192205000Non Participating Annuity277342945000Non Participating Health1712661000Non Participating VIP13184319000Linked Individual Life2040851438000Linked Group Life6605877000Linked Pension638554159000Shareholders178383353000Unallocated0AuditedtrueM/s A John Moris & Cotrue2025-09-30M/s K S Aiyar & Cotrue2028-05-31