Mumbai, April 24 -- SBI Life Insurance Company Ltd on Thursday reported a 5.1 per cent year-on-year decline in total premium income to Rs 23,860 crore for the quarter ended March 31, 2025 (Q4FY25), weighed down by a sharp fall in single premium collections.
According to the company's investor presentation, single premiums dropped significantly to Rs 4,462.55 crore in the March quarter, compared to Rs 7,709.56 crore in the same period last year. However, first year premiums registered a 7.3 per cent increase to Rs 4,858.69 crore, while renewal premiums grew 12.9 per cent to Rs 14,680 crore.
On a full-year basis, total premium income rose 4.3 per cent to Rs 84,059.83 crore in FY25, supported by a 10.9 per cent increase in renewal premiums t...