SBI Life Q2 Profit Drops 6.6% to Rs 494 Cr

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Oct 24, 2025 16:27

SBI Life Insurance reports a 6.6% decline in Q2 net profit to Rs 494.6 crore. Net premium income rises to Rs 24,848 crore.

SBI Life Q2 Profit Drops 6.6% to Rs 494 Cr

Photograph: Sudipta Banerjee/ANI Photo

New Delhi, Oct 24 (PTI) SBI Life Insurance Company on Friday reported a 6.6 per cent decline in net profit to Rs 494.6 crore in the September quarter of the current fiscal.

The insurer had recorded a net profit of Rs 529.42 crore in the same quarter of the last fiscal year.

The company's net premium income for the quarter under review rose to Rs 24,848 crore from Rs 20,266 crore registered in the second quarter ended September 2024, according to a stock exchange filing.

Amit Jhingran, MD and CEO of SBI Life, said the government's GST reform is a key step toward insurance coverage for all by 2047, improving affordability and accessibility.

"These reforms will drive broader adoption, financial security and sustainable sector growth," he added.

Shares of SBI Life closed 0.6 per cent lower at Rs 1840.50 on the BSE.

Source: PTI By Rediff Money Desk, New Delhi

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