SBILIFE · NSE · Life Insurance
SBI Life Insurance Company Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear
low confidence
No valuation within 120 days; P/E 65.0 vs peers 38.5 (9th of 10); P/B 9.3 vs peers 4.8 (10th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is SBI Life Insurance Company's share price today?
SBI Life Insurance Company last traded at ₹1,680.80 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.2% on the day, down 7.2% over a year. Its 52-week range is ₹1,653 to ₹2,132. The live price is in the app.
₹1,680.80
−0.2% today
−7.2% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range6% of the way up
Low ₹1,653High ₹2,132
What is SBI Life Insurance Company's market cap?
SBI Life Insurance Company's market capitalisation is about ₹1.69 lakh crore: what it would cost to buy every share at today's price. That makes it the 51st largest large cap company we cover.
₹1.7 L Cr
Large Cap51st largest large cap company
Share price₹1,681
×
Shares in issue101 crore
=
Market cap₹1.7 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: SBILIFE
- ISIN
- INE123W01016
- Cap bucket
- Large Cap, 51st largest by market cap
- Industry (NSE)
- Financial Services › Insurance › Life Insurance
- Listed since
- 2017
- Futures and options
- Traded
Is SBI Life Insurance Company overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 65.0 vs peers 38.5 (9th of 10); P/B 9.3 vs peers 4.8 (10th of 10).
Valuation
Latest price and trailing 12 months
P/E
64.97
vs peers 38.5 · 9th of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
9.34
vs peers 4.8 · 10th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹1.69 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
5.10
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is SBI Life Insurance Company a quality business?
CLEAN on 10 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
10 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; Tickertape; ROA over average total assets; ROE over average equity (equity from Tickertape); not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin
Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
Not available
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
0.5%
vs peers 2.4% · 4th of 5
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has SBI Life Insurance Company made money for shareholders?
Mixed: −7.2% over one year and +6.9% a year over five years.
Shareholder returns
5-year return
+6.9% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
−1.5%1M
+1.8%3M
−9.2%6M
−12.0%1Y
−7.2%3Y
+7.4%5Y
+6.9%Does SBI Life Insurance Company pay a dividend?
SBI Life Insurance Company last paid ₹2.70 a share, ex-dividend 6 Mar 2026; nothing in the past 12 months counts toward a yield.
Dividends
Per share, by ex-dividend date
6 Mar 2026 · Interim₹2.70
7 Mar 2025 · Interim₹2.70
15 Mar 2024 · Interim₹2.70
16 Mar 2023 · Interim₹2.50
29 Mar 2022 · Interim₹2.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is SBI Life Insurance Company growing?
Revenue 3 years 12.3% a year; eps 3 years 12.7% a year; revenue 5 years 7.7% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
12.3% a year
vs peers 11.7% · 5th of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
12.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
7.7% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
11.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did SBI Life Insurance Company do last quarter?
SBI Life Insurance Company reported income of ₹46,372 Cr, down 3.9% on a year earlier and a net profit of ₹725 Cr, up 2.4% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹46,372 Cr
−3.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹725 Cr
+2.4% on a year earlier
What was left for shareholders after every cost and tax.
How does SBI Life Insurance Company compare with its peers?
Compared with 9 Insurance (the industry, as the basic industry was too small); 9th of 10 on P/E.
Compared with 9 Insurance (the industry, as the basic industry was too small)
9 companies
- SBI Life Insurance Company Ltd (this page)
- Life Insurance Corporation of India
- HDFC Life Insurance Company Ltd
- ICICI Lombard General Insurance Company Ltd
- ICICI Prudential Life Insurance Company Ltd
- General Insurance Corporation of India
- Max Financial Services Ltd
- Star Health & Allied Insurance Company Ltd
- New India Assurance Company Ltd
- Go Digit General Insurance Ltd
SBI Life Insurance Company against its peers
Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
SBI Life Insurance Company Ltd₹1.7 L Cr65.09.313.8%−7.2%
New India Assurance Company Ltd₹26,736 Cr34.70.76.1%−15.1%
Peer median—38.54.811.7%−18.5%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns SBI Life Insurance Company?
SBI Life Insurance Company is held by promoters 55.3%, foreign institutions 20.9%, domestic institutions 19.7%.
Shareholding pattern
Latest filing, percent of shares
Promoters55.3%
The founders and controlling group.
Foreign institutions20.9%
Overseas funds investing through the FPI route.
Domestic institutions19.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds15.9%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about SBI Life Insurance Company?
34 analysts cover SBI Life Insurance Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
34 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does SBI Life Insurance Company do and what is it sensitive to?
SBI Life is a leading private life insurer in India offering individual and group life insurance products including term, ULIPs, pensions, health and savings plans. Sensitive to: interest rates and bond yields.
Business-model card
FY2025 · 49 verified
4Revenue
4Channels
3Regulators
5Reg. dependencies
5Sensitivities
5Costs
2Geographies
SBI Life is a leading private life insurer in India offering individual and group life insurance products including term, ULIPs, pensions, health and savings plans. It earns primarily through premiums on life insurance policies distributed via bancassurance (54% of FY25 business), agency, and digital channels.
Revenue by segment
year ended March 31, 2024
Unit Linked - Life35.4%
Unit Linked - Pension14.5%
Non-Linked Participating - Life8.2%
Non-Linked Participating - Pension0.4%
Non-Linked Participating - Variable Insurance0.1%
Non-Linked Non-Participating - Life33.6%
Non-Linked Non-Participating - Pension0.0%
Non-Linked Non-Participating - Annuity7.4%
Non-Linked Non-Participating - Variable Insurance0.3%
Non-Linked Non-Participating - Health0.0%
Revenue engine
4 verified
Linked segment (Unit-Linked Insurance Plans) (46.3%)
Returns directly tied to performance of underlying debt and equity market investments; investment risk borne entirely by policyholder. Accounted for largest share of new business.
Non-Participating segment individual life and pension
Traditional products that provide fixed benefits. Covers individual life, individual pension, annuity and health insurance. Includes pure protection and investment components.
Participating segment individual life and pension (2.1%)
Savings-oriented protection plans where policyholders receive guaranteed sum assured plus at least 90% share of surplus generated from fund performance.
1 more statement
Group insurance including credit life and protection
Covers groups of individuals for death or disability; includes credit life for bank loan liabilities and group protection under employer-employee schemes.
Customers & channels
4 verified
Bancassurance channel via SBI and RRB branches (54.4%)
Distribution through 14,000+ partner branches (SBI and RRBs). Largest channel providing access to bank customer base and deposit relationships.
Individual agents and Life Mitras
Retail agency channel recruiting Life Mitras (retail agents) and specified persons. Distributed across branches with focus on productivity metrics and branch-level performance.
Digital and direct channels
Online platforms, aggregators and direct business. Enabled by digital platforms with 98.7% digital proposal submission and three-click purchase on SBI YONO app.
1 more statement
Corporate and institutional sales
Group insurance and corporate solutions for employers and institutions. Includes employee-employer schemes and group gratuity/superannuation products.
Regulators
3 verified
Insurance Regulatory and Development Authority of India (IRDAI)
Primary regulator governing all insurance products, pricing, commissions, solvency, consumer protection and product innovation. Sets regulatory framework and conducts supervision.
Ministry of Finance and Government of India
Sets FDI limits, tax policy, and capital expenditure affecting economic growth and insurance demand. Recently set new income tax brackets.
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure requirements, corporate governance and investor protection for listed insurers.
Regulatory dependencies
5 verified
Solvency margin and capital requirements
IRDAI mandates minimum solvency ratios. Company maintains 1.96x solvency. Capital adequacy drives profitability retention and dividend capacity.
Commission and expense of management regulations
IRDAI (Expenses of Management, including Commission) Regulations 2024 set limits on acquisition costs and commissions payable, affecting cost structure and distributor economics.
Product approval and benefit illustration requirements
Products must be approved by IRDAI. Benefit illustrations mandated at 4% and 8% p.a. with explicit customer consent. Policy terms must be transparent.
2 more statements
Investment Regulations and exposure limits
IRDAI Investment Regulations 2016 set exposure limits by company, group and industry. Restrict credit risk and diversification requirements on asset portfolio.
Policyholder protection and grievance redressal
IRDAI mandates grievance redressal mechanisms, complaint resolution timelines and ombudsman review. Directly impacts customer acquisition and retention costs.
Sensitivities
5 verified
Interest rates and bond yields
Lower rates reduce reinvestment income on maturing assets and reduce new investment returns. Higher rates create opportunity cost vs existing low-yielding bonds. Affects liability valuations.
Geopolitical instability and fuel prices
Geopolitical tensions drive higher fuel prices and cost of living, raising expense ratios. Also affects investment portfolio through financial market volatility.
Climate change and extreme weather
Increased exposure to floods, storms and rising sea levels affects mortality/morbidity experience and investment portfolio losses. Impacts reserve adequacy.
2 more statements
Equity and debt market performance
ULIP returns (46.3% of FY25 new business) directly tied to underlying fund performance. Investment portfolio performance affects embedded value and liability valuations.
Monsoon and rural income
Favorable monsoon boosts farm incomes and rural consumption growth, expanding demand for insurance in underserved rural markets. Adverse monsoon reduces demand.
Cost inputs
5 verified
Employee remuneration and welfare
In-house and agency workforce costs including salaries, benefits, training. Includes mediclaim, life insurance and work-from-home allowances.
Commissions to distributors
Paid to agents, banks (bancassurance) and other intermediaries. Paid commissions worth ₹3,739 crore in FY25. Variable with sales volume.
Claims and benefits paid
Death claims, maturity claims, annuities, surrenders and withdrawals. Largest expense line. Increased by 13.1% to ₹483.29 billion in FY25.
2 more statements
Marketing and acquisition costs
Advertisement, publicity and marketing expenses. Medical fees and underwriting costs for new policies. Fixed and variable expense allocation by product.
Legal and professional fees
Legal expenses, audit, actuarial valuations, consulting services. Regulatory compliance costs.
Geographies
2 verified
Rural market expansion
Targeting rural and semi-urban areas with basic term plans and micro-insurance. Leveraging government schemes and agricultural growth.
Urban and metro markets
Serving affluent, high-net-worth and mass-market segments. Multi-channel and digital hybrid models gaining traction with younger and urban customers.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (24 Jul 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Corporate actionInterim Dividend - Rs 2.70 Per Share.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
- Corporate actionInterim Dividend - Rs 2.70 Per Share.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 10 of 22 lender flags judged; no red flag; 12 could not be judged.
- Data gapsDividend yield, PEG (vendor), Business quality, Quality score, Net interest margin, Gross NPA and 10 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓108 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 49 verified
Questions people ask
What is SBI Life Insurance Company's share price today?
SBI Life Insurance Company last traded at ₹1,680.80 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.2% on the day, down 7.2% over a year. Its 52-week range is ₹1,653 to ₹2,132. The live price is in the app.
What is SBI Life Insurance Company's market cap?
SBI Life Insurance Company's market capitalisation is about ₹1.69 lakh crore: what it would cost to buy every share at today's price. That makes it the 51st largest large cap company we cover.
Is SBI Life Insurance Company Ltd a large cap, mid cap or small cap?
SBI Life Insurance Company Ltd (SBILIFE) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is SBI Life Insurance Company Ltd's P/E ratio?
64.97, vs peers 38.5 · 9th of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is SBI Life Insurance Company Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 65.0 vs peers 38.5 (9th of 10); P/B 9.3 vs peers 4.8 (10th of 10).
How does SBI Life Insurance Company Ltd make money?
SBI Life is a leading private life insurer in India offering individual and group life insurance products including term, ULIPs, pensions, health and savings plans. It earns primarily through premiums on life insurance policies distributed via bancassurance (54% of FY25 business), agency, and digital channels.
Why is there no Altman Z or debt to equity for SBI Life Insurance Company?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are SBI Life Insurance Company Ltd's peers?
Compared with 9 Insurance (the industry, as the basic industry was too small): Life Insurance Corporation of India, HDFC Life Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, General Insurance Corporation of India and 4 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did SBI Life Insurance Company do last quarter?
SBI Life Insurance Company reported income of ₹46,372 Cr, down 3.9% on a year earlier and a net profit of ₹725 Cr, up 2.4% in the Jun 2026 quarter.
Who owns SBI Life Insurance Company?
SBI Life Insurance Company is held by promoters 55.3%, foreign institutions 20.9%, domestic institutions 19.7%.
Does SBI Life Insurance Company pay a dividend?
SBI Life Insurance Company last paid ₹2.70 a share, ex-dividend 6 Mar 2026; nothing in the past 12 months counts toward a yield.
What do analysts say about SBI Life Insurance Company?
34 analysts cover SBI Life Insurance Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.