SBI Life Insurance Company Ltd - Budget Announcement - 2023 (Proposal On Taxation Of Non-Linked Life Insurance Policies)

With reference to recent Finance Bill and Budget Announcement, few proposals have been made for non-linked life insurance policies. The Company would like to inform that the share of business of non - linked policies with annual premium of above ? 500,000 is less than 2% of the total APE for 9M-FY2023. The Company strongly believes that the impact is insignificant.