SBI Life Confident of Exceeding Growth and Margin Guidance

• SBI Life maintains its annual growth and profitability guidance, anticipating an upside surprise.
• VNB margins are within the 26-28% range, and Annualised Premium Equivalent (APE) growth is in the mid-teens.
• The company plans balanced growth across product lines, supported by new launches and strong PAR portfolio traction.
• Increased focus on non-PAR, annuity, and protection products aims for a diversified mix.
• SBI Life reported a Q3FY26 net profit of ₹577 crore, total APE of ₹8,600 crore, and VNB margins at 26.60%.

Why It Matters: SBI Life is confident in meeting, and potentially exceeding, its financial guidance for growth and margins.