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LIFE INSURANCE COMPANY LIMITEDMain BoardEquityNon-Linked Policy And Linked Policy2025-04-012026-03-312026-01-282026-01-20INRLakhsQuarterlyThird quarter2026-01-2810:30:002026-01-2814:30:00Declaration of unmodified opinionfalsefalseThe Company doesn't have any borrowings hence the disclosure with respect to defualt on loans and borrowing is not applicable.2025-10-012025-12-31AuditedStandalone791934200001747170190005058416200030449460100030245319700015531013900026670800004580300440001085799500043383800009059790001610235400016102354000100784630000565962000844767700019092102000351944560002412000-7501000-341410004441300000444130000144683944000273473800000453757100000427294400026922420001580702000632940000427294400018318930006168131000269224200035630450003563045000625528700048604000002313360002799400005975347000207928000207928000057674190000576741900000172962288000100282980001752327850004933481000171780949000210361297500028341868190005109580743000970049000051192812330000.01910.001225920005.755.7500000000000000000.00090.000700.00070.00080.000600.00180000900090000.00840.00740.00690.00670.00550.0084000001. The Company doesn't have any subsidiary/associate/joint venture company(ies) therefore consolidated financial statements are not applicable to the Company. <br></br> <br></br> 2. The above financial results have been reviewed by the Board Audit Committee and approved by the Board of Directors at its meeting held on January 27, 2026 and January 28, 2026 respectively. <br></br> <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> <br></br> 4. The above financial results are audited by the Joint Statutory Auditors, M/s. K S Aiyar & Co, Chartered Accountants and M/s J Singh & Associates, Chartered Accountants. <br></br> <br></br> 5. 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> <br></br> 6. During the quarter ended December 31, 2025 the Company has allotted 261,836 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> <br></br> 7. On November 21, 2025, the Government of India notified Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the Labour Codes). The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has evaluated the financial impact of the Labour Codes basis the FAQs of the Ministry of Labour and Employment and recognised incremental estimated liabilities towards employees past service benefits, determined based on actuarial valuation in accordance with AS 15 Employee Benefits and guidance issued by the Institute of Chartered Accountants of India (ICAI). The resulting incremental charge of Rs. 13,549 lakh has been recognised in the Revenue Account for the quarter and nine-month period ended December 31, 2025. The Company continues to monitor developments related to the Labour Codes and will assess any further impact on the measurement of employee benefits liabilities as and when they arise. <br></br> <br></br> 8. 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, vide its order dated December 5, 2025, dismissed the appeal filed by SILIC and upheld the IRDAI order dated June 2, 2023. The Company continues to monitor developments arising from the aforesaid SAT order. 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> <br></br> 9. 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 February 14, 2026. <br></br> <br></br> 10. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosures. <br></br> <br></br> 11.Basic and diluted EPS is not annualized for three/ nine months period. <br></br> <br></br> 12. 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 December 31, 2025 and December 31, 2024 are "for the quarter" persistency calculated using policies issued in 1st September to 30th November period of the relevant years. <br></br> ii) Persistency ratios for the nine months ended December 31, 2025 and December 31, 2024 are "upto the quarter" persistency calculated using policies issued in 1st December to 30th November period of the relevant years. <br></br> <br></br> 13.Net Commission includes rewards. <br></br> 14. Profit and Loss carried forward to balance sheet represents accumulated profit. <br></br> 15. Net of reinsurance <br></br> 16. Net of amortisation and losses (including capital gains). <br></br> 17. Profit/ (loss) carried to the balance sheet represents accumulated profit.2025-04-012025-12-31AuditedStandalone1674827700004202080940001457815650007334724290007227213280003500082730003516850000107308128600023865994000101192270002380757000363659780003636597800025448579000014240750001869946300045572117000819380950007256000289686000525420700010824140000108241400038068870500059286524900010621256120001095567400079646880002990986000214240000010955674000414544200015315356000796468800097147730009714773000176794610002704850000019278400046326900017216192000559619000559619000016656573000016656573000001729622880001752327850000.01910.0011259200016.6216.600000000000000000.00090.000700.00080.00060.000400.00120000800090000.00870.00770.00720.00690.00590.0085009900Unclaim Investment Income4951000Bank Charges recovery426000Interest on renewal Premium1037000Interest on revived policies112362000Stale Cheque written back43000FMC Income on Variable insurance products (VIP)0Other Income147889000Unclaim Investment Income13896000Bank Charges recovery1144000Interest on renewal Premium1967000Interest on revived policies283503000Stale Cheque written back604000FMC Income on Variable insurance products (VIP)13000Other Income50558000Legal & professional charges749243000Depreciation286832000Rent, rates & taxes341992000Information technology expenses697624000Stamp duty on policies515752000Travel, conveyance and vehicle running expenses391352000Repairs292410000Communication expenses209346000Training Expenses380894000Other expenses4582232000Legal & professional charges1949672000Depreciation825701000Rent, rates & taxes990623000Information technology expenses1842156000Stamp duty on policies1646997000Travel, conveyance and vehicle running expenses1122621000Repairs849851000Communication expenses604774000Training Expenses558901000Other expenses8308167000Participating Life2196235400012430650000042387000Participating Pension57201800068143600001190000Participating VIP312990008865700000Non Participating Life51889585000105200520000215484000Non Participating Pension254700006056000000Non Participating Group Life2585556600090033780000572000Non Participating Annuity2026415000053460670000860000Non Participating Health3258000047748000085000Non Participating VIP3638100034761000000Linked Individual Life14703898700094920060000019757000Linked Group Life6846570003576700000106000Linked Pension34060149000215136520000-13884000Shareholders0333148900000Unallocated0000Participating Life52987062000359808800000106208000Participating Pension1850762000233288700002808000Participating VIP9487100031943200000Non Participating Life130633854000298036750000218104000Non Participating Pension5305500018186000000Non Participating Group Life883376410002566644500001798000Non Participating Annuity509087380001501947300003288000Non Participating Health1018250001328370000224000Non Participating VIP22690900010628780000108000Linked Individual Life311187263000191926286000072732000Linked Group Life83384140005486500000109000Linked Pension78000933000467432830000-53763000Shareholders0952198900000Unallocated0000Participating Life1144725000Participating Pension388242000Participating VIP74378000Non Participating Life-2802630000Non Participating Pension21140000Non Participating Group Life4451539000Non Participating Annuity-278413000Non Participating Health270566000Non Participating VIP244715000Linked Individual Life-528113000Linked Group Life-12763000Linked Pension1299570000Shareholders3075209000Unallocated01. 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 Life1475176000Participating Pension1257926000Participating VIP231765000Non Participating Life-8941479000Non Participating Pension55976000Non Participating Group Life8296403000Non Participating Annuity-991988000Non Participating Health559110000Non Participating VIP485994000Linked Individual Life4457871000Linked Group Life-21132000Linked Pension4090048000Shareholders8691885000Unallocated0Participating Life620379249000Participating Pension36258756000Participating VIP3861186000Non Participating Life632786934000Non Participating Pension2739794000Non Participating Group Life455627575000Non Participating Annuity314363122000Non Participating Health1169524000Non Participating VIP10482419000Linked Individual Life2170410478000Linked Group Life14658154000Linked Pension668766076000Shareholders190195707000Unallocated-2417922000Participating Life620185221000Participating Pension36059328000Participating VIP3699320000Non Participating Life634659555000Non Participating Pension2717416000Non Participating Group Life453470639000Non Participating Annuity314204955000Non Participating Health1102754000Non Participating VIP9841965000Linked Individual Life2170144853000Linked Group Life14401433000Linked Pension668597906000Shareholders190195707000Unallocated0AuditedtrueM/s K S Aiyar & Cotrue2028-05-31M/s J Singh & Associatestrue2028-12-31