SBI Life exceeds expectations, posts strong FY25 growth

SBI Life Insurance Company announced a strong financial performance for the year ended March 31, 2025, approved at a board meeting on April 24, 2025. The company reported an audited Indian Embedded Value (IEV) of INR702.5 billion, reflecting a 21% year-over-year increase. Profit After Tax (PAT) also saw significant growth, rising by 27% to INR24.1 billion. This success was underpinned by a Gross Written Premium (GWP) of INR849.8 billion, representing a 4% increase from the previous year. The value of new business (VoNB) increased by 7% to INR59.5 billion, demonstrating strong profitability.