Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The company’s gross written premium (GWP) increased 20% to Rs 21,290 crore, driven by a 23% growth in new business premium and 17% rise in renewal premium.
Individual new business premium grew 14% YoY to Rs 5,610 crore, while Annualised Premium Equivalent (APE) increased 36% to Rs 5,380 crore during the quarter.
Value of New Business (VoNB) improved 29% YoY to Rs 1,410 crore, while the new business margin stood at 26.2% compared with 27.4% a year ago.
SBI Life’s Indian Embedded Value (IEV) increased 15% to Rs 85,290 crore.
Assets Under Management (AuM) rose 10% YoY to Rs 5,24,850 crore, while net worth increased 13% to Rs 20,110 crore as of 30 June 2026.
The insurer maintained a strong solvency ratio of 1.96 as of 30 June 2026, well above the regulatory requirement of 1.50. The company retained its leadership position in individual rated premium with Rs 3,970 crore and held a 22.2% private market share in Q1 FY27.
SBI Life continued to strengthen its distribution network, with 371,935 trained insurance professionals and 1,241 offices across the country. The company’s APE channel mix comprised bancassurance at 47%, agency at 25% and other channels at 28%.
Individual new business premium through the agency channel increased 17% YoY to Rs 1,550 crore, while other channels recorded a 25% rise to Rs 1,030 crore in Q1 FY27.
The company also reported improvement in persistency ratios, with 13th-month and 49th-month persistency increasing by 61 basis points and 68 basis points, respectively, supported by better business quality and customer retention.
Amit Jhingran, MD & CEO of SBI Life, stated, 'SBI Life continued its growth trajectory from FY 2026 into the first quarter of FY 2027, delivering a 14% increase in Individual Rated Premium, supported by a favourable shift in product mix. All product segments recorded growth on an Individual Rated Premium basis, and all key distribution channels achieved double-digit expansion. The increasing contribution from protection solutions and guaranteed non-par savings products reflects evolving customer preferences and our strategic focus.
Renewal premium growth, along with improvements in the 13th- and 49th-month persistency ratios, underscores the strengthening of our customer relationships and the overall quality of our business.
With its strong brand, diversified distribution network, superior service standards, and technology-led capabilities, the Company remains well-positioned to meet increasing demand across protection, savings, and retirement solutions. Our ability to consistently generate profitable new business over the years continues to support sustainable value creation for our shareholders.”
SBI Life's diverse range of products caters to individuals as well as group customers through protection, pension, savings and health solutions.
Shares of SBI Life Insurance Company closed 0.26% higher at Rs 1,857.65 on the BSE.
IT, media and consumer durables shares advanced while realty, PSU Bank and private bank shares declined.
At 13:25 IST, the S&P BSE Sensex advanced 175.90 points or 0.23% to 77,361.33. The Nifty 50 index added 27.70 points or 0.12% to 24,106.35.
In the broader market, the BSE 150 MidCap Index fell 0.11% and the BSE 250 SmallCap Index climbed 0.04%.
The market breadth was positive. On the BSE, 2,036 shares rose and 2,023 shares fell. A total of 232 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.20% to 13.45.
In the commodities market, Brent crude for September 2026 settlement added 21 cents or 0.25% to $84.74 a barrel.
Gainers & Losers:
HCL Technologies (up 2.01%), Wipro (up 1.76%), Maruti Suzuki India (up 1.60%), Bajaj Finance (up 1.55%) and Interglobe Aviation (Indigo) (up 1.54%) were the major Nifty50 gainers.
SBI Life Insurance (down 2.22%), Eternal (down 2.05%), Shriram Finance (down 0.85%), HDFC Bank (down 0.69%) and Bharat Electronics (down 0.63%) were the major Nifty50 losers.
India-UK Pact:
The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force yesterday, marking a major milestone in the economic partnership between the two countries.
In a post on social media, Union Minister of Commerce and Industry Piyush Goyal said that the entry into force of the India–UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India–UK relations. This provides zero-duty market access for nearly 99% of India’s exports and covering almost 100 per cent of trade value.
The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India’s IT, professional, financial, education and business services sectors and expands mobility for Indian talent.
Stocks in Spotlight:
HDFC Life Insurance Company shed 0.01%. The company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net premium income rose 14.39% year on year (YoY) to Rs 16,547.97 crore in Q1 FY27 over Q1 FY26.
Jana Small Finance Bank advanced 2.94% after the bank reported 52% rise in net profit to Rs 155 crore on a 18.4% increase in operating income to Rs 1,009 crore in Q1 FY27 as compared with Q1 FY26.
Mangalore Refinery and Petrochemicals (MRPL) surged 8.18% after the company reported a consolidated net profit of Rs 916.69 crore in Q1 FY27, compared with a net loss of Rs 271.33 crore in Q1 FY26. Revenue from operations (excluding net excise duty) jumped 120.4% year on year (YoY) to Rs 38,254.19 crore in the quarter ended 30 June 2026.
Lotus Chocolate Company fell 5.71% after the company's standalone net profit declined 99.32% year-on-year to Rs 0.02 crore in Q1 FY27, compared with Rs 2.99 crore in the same period last year. Revenue from operations declined 42.06% year-on-year to Rs 91.95 crore in Q1 FY27, from Rs 158.71 crore in Q1 FY26.
Emmvee Photovoltaic Power jumped 5.70% after the solar module and cell manufacturer reported record Q1 FY27 earnings, driven by higher production volumes, improved cell integration and operating leverage. The company's net profit surged 102.61% YoY, while declining 3.08% QoQ, to Rs 380.30 crore in Q1 FY27. Revenue from operations increased 51.34% YoY but declined 10.54% QoQ to Rs 1,555.50 crore in the June 2026 quarter.
Angel One declined 1.54%. the broker reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026.
Global Market:
European market declined despite UK economy expanded by 0.1% in May despite higher energy costs stemming from the Iran conflict, according to official data. May’s slight expansion in gross domestic product was led by 0.3% growth in services, Britain’s Office for National Statistics said on Thursday. That was offset by falls of 0.5% in production and 0.8% in construction. The Office for National Statistics (ONS) said scientific research was the biggest contributor to monthly growth, with output in the sector rising 5.1%.
Asian markets declined on Thursday as chipmakers stumbled ahead of result from bellwether Taiwan Semiconductor Manufacturing Co's (TSMC), the world's largest manufacturer of advanced AI chips.
Bonds, however, benefited from another benign reading on U.S. inflation that lessened the risk of an imminent rate hike.
In a related development, South Korea's central bank raised interest rates for the first time in three and half year period to 2.75% on Thursday to stabilise a slumping won and counter persistent inflationary pressure. The decision was largely as expected.
On the other side, oil prices kept climbing as hostilities heated up in the Middle East. Washington continued striking Iran after reimposing a naval blockade of its ports, while Tehran warned of an 'existential war' with America.
Overnight in the US, Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.
In regular trading, the Dow advanced 150.91 points, or 0.3%, to end the day at 52,659.18. The broad market S&P gained 0.4%, finishing at 7,572.43, and the tech heavy Nasdaq Composite rose 0.6% to 26,269.23.
A softer-than-expected U.S. producer price index added to optimism that inflation is cooling, helping lift equities and providing some comfort to investors that the Federal Reserve will keep key interest rates on hold.
The U.S. produce price index dropped 0.3% in June from 1.1% in May 2026.
Additionally, strong earnings from major financial firms reassured investors that earnings growth remains intact, despite easing inflation, while lower Treasury yields boosted demand for growth stocks, particularly mega-cap technology companies.
JBM Auto Ltd, Bharti Hexacom Ltd, Voltas Ltd, Schneider Electric Infrastructure Ltd are among the other stocks to see a surge in volumes on BSE today, 04 June 2026.
SBI Life Insurance Company Ltd registered volume of 6.28 lakh shares by 10:46 IST on BSE, a 13.55 fold spurt over two-week average daily volume of 46340 shares. The stock slipped 0.74% to Rs.1,770.00. Volumes stood at 27481 shares in the last session.
JBM Auto Ltd notched up volume of 7.81 lakh shares by 10:46 IST on BSE, a 11.03 fold spurt over two-week average daily volume of 70838 shares. The stock rose 6.38% to Rs.710.75. Volumes stood at 1.06 lakh shares in the last session.
Bharti Hexacom Ltd saw volume of 31607 shares by 10:46 IST on BSE, a 7.13 fold spurt over two-week average daily volume of 4433 shares. The stock dropped 1.11% to Rs.1,480.00. Volumes stood at 2186 shares in the last session.
Voltas Ltd saw volume of 2.82 lakh shares by 10:46 IST on BSE, a 6.65 fold spurt over two-week average daily volume of 42347 shares. The stock increased 4.85% to Rs.1,295.10. Volumes stood at 30502 shares in the last session.
Schneider Electric Infrastructure Ltd witnessed volume of 1.19 lakh shares by 10:46 IST on BSE, a 5.61 times surge over two-week average daily volume of 21287 shares. The stock dropped 0.27% to Rs.1,119.90. Volumes stood at 2923 shares in the last session.
SBI Life Insurance Company Ltd gained for a fifth straight session today. The stock is quoting at Rs 1858, up 2.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 24022.3. The Sensex is at 76837.26, down 0.23%. SBI Life Insurance Company Ltd has risen around 0.9% in last one month.
Meanwhile, Nifty Financial Services index of which SBI Life Insurance Company Ltd is a constituent, has risen around 4.81% in last one month and is currently quoting at 25716.9, up 0.6% on the day. The volume in the stock stood at 5.5 lakh shares today, compared to the daily average of 18.89 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1860.8, up 1.93% on the day. SBI Life Insurance Company Ltd is up 6.51% in last one year as compared to a 1.61% drop in NIFTY and a 1.12% drop in the Nifty Financial Services index.
The PE of the stock is 73.97 based on TTM earnings ending March 26.
However, net premium income jumped 16.02% to Rs 27,683.79 crore in Q4 FY26, compared with Rs 23,860.71 crore in Q4 FY25.
On a full-year basis, the company’s standalone net profit rose 2.36% year-on-year (YoY) to Rs 2,470.3 crore in FY26, while net premium income increased 18.91% YoY to Rs 99,955.92 crore.
Gross Written Premium (GWP) stood at Rs 1,01,290 crore in FY26, up 19.19% from Rs 84,980 crore in FY25. Of this, new business premium (NBP) rose 19.58% to Rs 42,550 crore, while renewal premium (RP) increased 18.86% to Rs 58,729 crore.
Individual New Business Premium grew 12.97% YoY to Rs 29,780 crore, while Annualised Premium Equivalent (APE) increased 13.30% to Rs 27,270 crore.
Value of New Business (VoNB) improved 12.10% YoY to Rs 6,670 crore in FY26 from Rs 5,950 crore in FY25. The New Business Margin reduced to 27.5% in FY26 from 27.8% a year ago.
Indian Embedded Value (IEV) jumped 15% YoY to Rs 80,790 crore in FY26, while IEV per share rose 14.89% to Rs 80,540 in FY26 from Rs 70,100 in FY25.
Assets under Management (AuM) rose 8.73% YoY to Rs 4,87,160 crore in FY26, while net worth increased 12.36% to Rs 19,080 crore in FY26 from Rs 16,980 crore a year earlier.
The company maintained its leadership position, with a robust solvency ratio of 1.90 as on 31 March 2026, compared with the regulatory requirement of 1.50, indicating a strong financial position.
The company has a strong distribution network of 358,506 trained insurance professionals, including agents, CIFs and SPs, supported by a widespread presence across 1,230 offices nationwide.
It has a diversified distribution mix comprising a strong bancassurance channel, agency channel and other channels such as corporate agents, brokers, micro-agents, common service centres, insurance marketing firms, web aggregators and direct business.
The APE channel mix for FY26 stood at 60% for bancassurance, 29% for agency and 11% for other channels.
Individual NBP of the other channel increased 38% to Rs 5,070 crore in FY26 compared with the previous year.
Amit Jhingran, MD & CEO of SBI Life stated: “The life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a gradual shift in customer preference towards protection-oriented products. The exemption of GST on individual policies enhanced affordability and supported demand during the period. The Company’s product mix reflected evolving customer preferences, with balanced contributions from ULIPs, participating and non-participating savings products, while the Par and retail protection segments recorded strong year-on-year premium growth.
The company reported stable Value of New Business (VNB) margins along with steady VNB growth during FY26. SBI Life Insurance remains focused on maintaining a balanced approach to growth and profitability. The company continues to strengthen its product portfolio, distribution capabilities and operational efficiencies, while adhering to prudent risk management practices. As one of the leading private life insurers in India, SBI Life remains committed to enhancing insurance penetration and delivering long-term value to all stakeholders.”