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SBI Life Insurance's profit dropped 6.6% in Q2 FY26 due to higher costs, despite strong premium growth and market share.
SBI Life Insurance's net profit fell 6.6% year-on-year to ₹495 crore in Q2 FY26, driven by higher expenses and commissions amid intense competition, though net premium income rose 22.6% to ₹24,848 crore, fueled by strong renewal growth.
The company reported a 14% increase in value of new business and improved margins, while shifting its product mix toward higher-margin non-participating policies.
Despite a dip in investment income, the insurer maintained its leading market share, expanded its digital channels, and saw improved policy persistency and assets under management.
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La ganancia de SBI Life Insurance cayó un 6,6% en el segundo trimestre del año fiscal 26 debido a los mayores costos, a pesar del fuerte crecimiento de las primas y la cuota de mercado.