SBILIFE

SBI Life reported 16% YoY growth in new business premium for Q1 FY26, supported by individual protection and ULIP segments. Margins improved to 28% on a better mix. With SBI’s massive distribution network and rising financial awareness, the company is well-positioned for long-term growth. Valuations at ~42x FY26 EPS remain reasonable versus peers. SBI Life is a solid pick for investors seeking consistent compounding from the insurance sector.