Amit Jhingran, Managing Director and Chief Executive Officer at SBI Life Insurance, expects that the second-half growth will be higher and the company will be able to stick to its guidance of 13–14% growth on an annualised premium equivalent (APE) basis.

Jhingran said that while growth in the first half was modest due to a high base, momentum picked up sharply towards the end of the period.

Jhingran said, “What we are seeing in the month of October is also pretty strong growth and with the help of the GST impact, we expect that the second half growth will be higher.”

In July-September quarter 2025 (Q2FY26), SBI Life Insurance reported total annual premium of ₹5,950 crore, VNB margins at 27.9% and new business premium of ₹11,080 crore.

Jhingran stated that margins are expected to st

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