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EQUITY - MARKET SCREENER

SBI Life Insurance Company Ltd
Industry :  Finance & Investments
BSE Code
ISIN Demat
Book Value()
540719
INE123W01016
204.6935443
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
SBILIFE
67.43
179108.55
EPS(TTM)
Face Value()
Div & Yield %
26.47
10
0.15
 

sbi life insurance company ltd
Life insurers' new business premium rises 26% to Rs 42,914 crore in October, LIC leads growth
Nov 12,2026

Life insurance companies reported a 26.19% year-on-year (Y-o-Y) growth in new business premium (NBP) to Rs 42,914.34 crore in October 2026, compared with Rs 34,006.95 crore in the same month last year, according to provisional data released by the Life Insurance Council.

The growth was largely driven by the Life Insurance Corporation of India (LIC), which recorded a 31.35% increase in new business premium to Rs 25,315.52 crore during the month compared to Rs 19,274.01 crore same period last year.

The notable higher increase was in Group Single Premium at Rs 19,113.40 crore compared to Rs 13,719.30 crore earlier period.

Private Life insurers collectively reported a 19.45% growth to Rs 17,598.82 crore compared to Rs 14,732.94 crore a year ago period.

Among major private insurers, ICICI Prudential Life recorded a 37.46% rise in October new business premium was at Rs 2,437.44 crore, while HDFC Life reported an 18.2% increase to Rs 3,333.60 crore. SBI Life's premium grew 11.65% to Rs 3,556 crore. Bajaj Life Insurance registered a 19.4% growth to Rs 1,355.19 crore, while Aditya Birla Sun Life reported a 20.05% increase to Rs 1,347.80 crore.

The cumulative performance for April-October FY27 also remained strong, with the industry's new business premium rising 21.39% to Rs 2.89 lakh crore, against Rs 2.38 lakh crore in the year-ago period.

Private insurers recorded a faster growth of 22.04% to Rs 1.19 lakh crore, compared with LIC's 20.94% increase to Rs 1.70 lakh crore.

However, premium growth continued to outpace the growth in the number of policies. In October, the life insurance sector issued 1.88 million policies/ schemes. Consequently, the total number of policies issued from April to October rose to 13.56 million, representing a marginal growth of 1.15% compared to the same period in the previous year.

While private insurers recorded an 8.48% increase in cumulative policy additions to 5.30 million, LIC saw a 3.05% decline to 8.27 million policies.

The discrepancy between premium growth and the number of policies indicates an increase in the average premium per policy, as well as a growing contribution from group insurance and single-premium business to total collections.