| Q4FY22 | other | MAINTAINED | Just see others like we always maintain our position that when you set our assumption, our assumption is set in line with that in long-term assumption should be | 9 |
| Q4FY22 | other | nan | Credit life for the quarter we did almost 540 Crores and for the whole year we have done approximately 1700 | 13 |
| Q4FY22 | other | nan | If you see historically our operating ROEV in the range of 20% so we will continue to look into that and as we mentioned in the earlier call as well a different | 17 |
| Q4FY22 | premium / VNB | nan | No, it is a part of see what we said was that there are a lot of factors including a little bit of price change not directly contributed entirely by that and go | 17 |
| Q4FY22 | margin | nan | So going forward you expect because the reason that we are going to sell more and more non-par, par because there is a demand and we introduce new product we ar | 17 |
| Q4FY22 | other | nan | We have looked in our current financial tax position we also projected out this and based on that we do the modeling there are other elements because as I menti | 20 |
| Q1FY23 | other | nan | It offers a comprehensive range of annuity with an option of deferred annuity pay-out. | 3 |
| Q1FY23 | other | nan | Considering the adverse impact of COVID-19 in Q1, FY ’22, followed by a strong performance in subsequent quarters of FY ’22, we expect a steady growth in our pe | 3 |
| Q1FY23 | premium / VNB | MAINTAINED | With our growth targets and product mix shift, we expect to maintain the healthy VNB growth rates. | 3 |
| Q1FY23 | other | nan | I think going forward also there will be good traction for this. | 5 |
| Q1FY23 | other | nan | And therefore I'm sure that there will be more non-par Platina being sold going forward. | 5 |
| Q1FY23 | other | nan | I think it's a very prudent way of doing things going forward. | 6 |
| Q1FY23 | other | nan | In any case, I think one of the things that every insurance company will do going forward, and I think every company in the world is going to do is going to kee | 6 |
| Q1FY23 | other | nan | And going forward, I think this will also grow slightly more, at least. | 7 |
| Q1FY23 | other | nan | I mean, looking at the trends, I think that it should be around this level, say, 25% to 30%. | 8 |
| Q1FY23 | other | nan | Going forward, I don't know how much that will sustain because markets have not been very good. | 8 |
| Q1FY23 | other | nan | I really cannot predict the pattern, but I suppose there will be some more growth in this product going forward. | 9 |
| Q1FY23 | other | nan | So these things will be determined by the demand, what the customer needs and what we can sustainably do going forward. | 10 |
| Q1FY23 | other | nan | So till there is visibility, let's say, in the next year, two years or whatever, at any given point of time, the kind of visibility that we have, we would be c | 10 |
| Q1FY23 | other | nan | Sir, what we are saying, Adarsh, is for the future outlook, for Year 3 onwards, whatever are the expected premium inflows, majority of the inflows are hedged. | 11 |
| Q1FY23 | margin | nan | And margin is one of those factors -- so margin, I will not be stuck on a particular number for the margin because going forward, if I sell more of some of the | 11 |
| Q1FY23 | other | nan | But then the value that I deliver will continue to grow because we are looking at good growth going forward, upwards of 25% growth in premiums. | 11 |
| Q1FY23 | other | nan | So going forward also, we’ll keep a look at the interest rate movement. | 12 |
| Q1FY23 | other | nan | I think ULIP should be somewhere around 55% around. | 13 |
| Q1FY23 | other | nan | So I don't think we'll continue to SBI Life Insurance Company Limited July 28, 2022 Page 13 of 13 grow at 87% of something in some of the things, but our target | 13 |
| Q1FY23 | other | nan | So 25% is what we will aim to have. | 13 |
| Q1FY23 | other | nan | That is what we are targeting, yes. | 14 |
| Q1FY23 | other | nan | For the full year. | 14 |
| Q1FY23 | other | nan | And going forward in this year, if we have a COVID free year, and if there are no other disruptions, which I essentially hope there won't be, I think we'll be a | 14 |
| Q2FY23 | other | nan | You will also recollect that I just shared about a new product that we have launched Retire Smart Plus and that’s also ULIP linked product and that is also expe | 7 |
| Q2FY23 | other | nan | Yes, so see outlook on interest rates it’s a, basically a thing that we keep calibrating. | 11 |
| Q2FY23 | other | nan | No, sorry I was talk about SBI employees, typically there should be one per branch at least that is the minimum that we need. | 13 |
| Q2FY23 | other | nan | So, that pent up demand spilled over into part of it, of course everything doesn’t get fulfilled because people forget, people don’t buy, people don’t fulfill, | 15 |
| Q2FY23 | other | nan | So, going forward every quarter three and quarter four has been stronger than quarter two, always in the past for SBI Life. | 15 |
| Q2FY23 | other | nan | So, thank you very much once again, wish you all a very Happy Diwali and hope that going forward we all keep ourselves insured and safe. | 23 |
| Q3FY23 | other | nan | Going forward, I think non-par guaranteed will continue to see a good traction. | 8 |
| Q3FY23 | other | nan | But going forward, we would track the number of people that we cover the NOPs, plus the average ticket sizes, which are increasing and plus the number of branch | 11 |
| Q3FY23 | other | nan | So, we have given you color about the products that we are expecting to sell and all that. | 13 |
| Q3FY23 | other | nan | So really speaking, whatever we see in the agency, we'll probably see the growth coming -- heavier growth coming forward -- going forward. | 13 |
| Q3FY23 | other | nan | But then having said that, we will have to take a view looking at our business model, which is right now and then to see whether we want to have a totally diffe | 21 |
| Q4FY23 | other | nan | The growth outlook, if you ask me, we expect, what we were expecting last year. | 6 |
| Q4FY23 | other | nan | And therefore, there were some, some of the things that did not sell as much as the others, the focus definitely is around what is happening around people's min | 8 |
| Q4FY23 | other | nan | But we feel that going forward protection being one of the areas which we feel is a very good product for the customer. | 8 |
| Q4FY23 | other | nan | So, therefore, protection focus will be there going forward. | 8 |
| Q4FY23 | other | nan | So, we expect margins to be around these levels. | 10 |
| Q4FY23 | other | nan | And based on that, we feel that going forward, we will be able to achieve this 20%-25% that we are looking for. | 16 |
| Q4FY23 | other | nan | So one of the things that I always say is that the whole idea of doing business is that it should be beneficial to the customer and all the stakeholders. | 18 |
| Q4FY23 | other | nan | Other banks are a smaller base, but they are likely to grow very well because the customers definitely need all the products that we have. | 18 |
| Q2FY24 | revenue growth | nan | Going forward, though we welcome the increase in number in the ULIP sales but we are also working internally to increase the share of non-par and protection pla | 8 |
| Q2FY24 | other | nan | And the way SBI channel has been poised to do now, we expect that not only as MD said about the product mix, but also the growth will be in tandem as we have gu | 9 |
| Q2FY24 | other | nan | And we will continue to monitor that and continue more penetration will be there for our Tier 2, Tier 3 cities going forward as far our agency is concerned. | 9 |
| Q2FY24 | other | nan | So, we will respond to the situation as the things pan out going forward. | 11 |
| Q2FY24 | other | nan | And we expect that they will do better in this next six months because the composition, which we are expecting from them is better non-ULIP as compared to | 14 |
| Q2FY24 | other | nan | So, this will take up the commission ratio further going forward. | 15 |
| Q2FY24 | other | nan | And we expect that we will achieve whatever targets we have fixed for ourselves in the FY '24 in the individual protection. | 15 |
| Q2FY24 | other | nan | And parallelly, what we are also focusing for agency channel is that the branch activation and the branches of SBI Life should be there across regions so that t | 15 |
| Q2FY24 | other | nan | At this moment, they're growing at 20% plus on YTD, H1'24, but it will definitely grow for the bigger numbers in the going forward. | 15 |
| Q2FY24 | margin | nan | As far as margin projections are concerned, we stand by the guidance that we had provided about it being in the range of 28% to 30% and we continue to stand by | 16 |
| nan | other | nan | Jhingran already explained that the focus remains strongly both on agency and banca channel and we don't see any meaningful difference in the expected growth ra | 9 |
| nan | other | nan | But overall, our growth trend in agency is as per our earlier guidance. | 10 |
| nan | other | nan | So, it will be difficult to comment earlier, further too for longer perspective, but currently three to six months, this is the target we are looking into. | 13 |
| nan | margin | nan | And we stick to our guidance of, say, around 28% of VoNB margin in the coming this quarter also. | 18 |
| nan | other | nan | So next year, we are growing at around 15%, and next year is still a quarter away. | 18 |
| nan | other | nan | And in addition to that, the regulators vision, the government's target for increasing insurance penetration, I don't see a very perceptible or meaningful negat | 19 |
| nan | premium / VNB | nan | Jhingran said, it will be in the range the APE basis is around 18%. | 20 |
| nan | other | nan | So overall, we expect that next FY'25 will be a similar kind of growth for | 20 |
| nan | other | nan | So that, particularly, we expect good numbers in the current quarter. | 21 |
| nan | other | nan | So, this is our focus area for the company on this particular FY'24 and going forward also into FY'25. | 23 |
| nan | other | nan | Let me give you some key highlights for the financial year 2024. | 3 |
| nan | margin | nan | And we expect this is going to further enhance our margin on that level. | 7 |
| nan | other | nan | Going forward, while we continue to offer all kind of products to all segments of customers, and it all depends on the customer's choice. | 8 |
| nan | volume | nan | So in terms of volume growth, we expect annuity to be a long-term growth story in India. | 9 |
| nan | other | nan | Having said that, we also say that we don't play the commission game to increase the top line and we will going forward also stick to that. | 9 |
| nan | other | nan | And we expect that we will try to improve upon those numbers, but GTI as you know this is based on some specific transactions. | 11 |
| nan | other | nan | As Abhijit said, we have already launched two products during this quarter and we expect that the individual protection will grow in a better proposition than t | 11 |
| nan | other | nan | So next year also, we will have some parameter-based numbers. | 14 |
| nan | other | nan | But we expect that this will correct in the coming years because as already mentioned, we are focusing on the product mix, which will go towards non-ULIP, so th | 15 |
| nan | other | nan | This year, it is with you, next year might be gone to other thing and particularly as a company we try to acquire or renew the business from a profitable type o | 17 |
| nan | other | nan | In addition to that with these new protection products also, on individual basis as well as on the group term basis, we will be targeting the education loan cus | 8 |
| nan | other | nan | So, we stand by the guidance that we gave during the end of the last financial year results. | 10 |
| nan | revenue growth | nan | Our top line growth will be in higher teens to 20% and regarding the margin also, we will be in the same range of plus/ minus 28% kind of. | 10 |
| nan | other | nan | So, we expect that annuity will also pick up overall for the financial year in the next few quarters. | 10 |
| nan | other | LOWERED | Although it is in the lower double digit, but the growth is back and second and 3rd Quarter usually are stronger for Banca and we expect that we will be back on | 11 |
| nan | other | nan | And we will try to enhance our penetration more on these regions to take the target which we have planned for the | 11 |
| nan | other | nan | So, net it is there is what we expect is the bank partners which have shown subdued growth will come back in Quarter 2, Quarter 3, Quarter 4 and we will continu | 13 |
| nan | other | nan | So as and when the composite licensing is introduced, the parent will take a call depending on the market condition and we will be guided by the parent bank in | 14 |
| nan | other | nan | So going forward we will continue to focus on the agency channel. | 14 |
| nan | other | nan | And we expect that the more and more offering we’ll have in the rider side, it will give opportunity to customer to fulfill their need and hence there will be a | 15 |
| nan | other | nan | The digital product that we are going to offer on the Yono channel, we have very high hopes because it is a much- simplified product with a lesser premium and w | 15 |
| nan | revenue growth | nan | We are very sure, very sanguine that the kind of 18%-20% growth guidance that we are giving we will be able to stick to that. | 15 |
| nan | other | nan | So, we expect that the credit life will grow better than what we have seen in the first quarter. | 16 |
| nan | other | nan | Second as far as the GTI businesses are concerned, it is a business which is getting negotiated during the course of the year and we expect that some transactio | 16 |
| nan | other | nan | If it is a positive VoNB definitely we will be going forward for the larger deals in the coming quarter. | 16 |
| nan | other | nan | So overall we expect that the group from the credit life as well as from the group annuity will go up in the coming quarters. | 16 |
| nan | other | nan | But our rates are quite competitive and we expect that this will bounce back in the coming quarters to come. | 16 |
| nan | other | nan | Further as we continue to innovate and customize our offerings to meet evolving needs and demands, we anticipate growth in the upcoming period. | 5 |
| nan | other | nan | In the recent past, we have launched two new products in the protection segment which offer higher margins and one of these products is a protection product for | 9 |
| nan | margin | nan | So, going forward we expect that the protection numbers will be better, and they will affect us, they will positively affect our margin also. | 9 |
| nan | other | nan | Okay, so since you talked about the protection guidance we gave it last time, unfortunately the products that I referred to in the last call were a bit delayed | 11 |
| nan | other | nan | So, that is what is making us give the guidance of higher protection percentage in the third quarter of the year. | 11 |
| nan | other | nan | Maybe next quarter we can talk about the numbers and everything | 13 |
| nan | other | nan | What I am saying is that, going forward the growth from this channel will be in addition to whatever is being sold from the branches and the CIS. | 14 |
| nan | other | nan | But we are investing in that channel and we expect good numbers going forward. | 14 |
| nan | margin | MAINTAINED | There is always an upside on the side and that we long term guidance we are always saying that our aim is to maintain the margin of 28%. | 15 |
| nan | premium / VNB | nan | So, if APE growth is happening around 15% to 16%, you are expecting 15% to 17% target, I think VNB growth will be in range of 12% to 15% kind of things. | 15 |
| nan | other | nan | I already explained that we are trying to develop this digital channel where the SBI customer is able to initiate the insurance purchase journey on the YONO pla | 15 |
| nan | other | nan | So, it will be a kind of a digital channel within the SBI channel, which we expect that both will flourish and we expect that the growth is, today it is a 7% gr | 16 |
| nan | other | nan | So, we expect similar kinds of numbers in this year also. | 16 |
| nan | other | nan | So, on the agency, I think MD already mentioned that we have grown at 33% in first half, and we expect similar kind of growth, 30% kind of growth for the second | 17 |
| nan | other | nan | On the annuity side, you know we had had some small degrowth in the current quarter, but I think there will be we don’t expect that to be the guidance for full | 18 |
| nan | other | nan | So, as Abhijit said, our non-PAR protection and PAR will continue to be part of 40 and 60 will be in the | 18 |
| nan | other | nan | So, this data analytics will help in identifying the customers in more precise way in the future and our CIF and our branch managers will be in a better positio | 21 |
| nan | other | nan | So, going forward, I will stick that the ability to grow at 15% remains intact. | 21 |
| nan | other | nan | YONO as a channel also the business is attributed to the branch to which the customer belongs to and as far as the target is concerned bank employee or a bank m | 21 |
| nan | other | MAINTAINED | And that is what will maintain going forward also. | 22 |
| nan | other | nan | But this year we are targeting in a different manner because a lot of products have been launched and we want to capitalize particularly on protection and non-P | 22 |
| nan | other | nan | We plan to change that cycle for SBI Life, and we are optimistic that this will help in this year to see that result going forward. | 22 |
| nan | margin | nan | And we internally are also expecting that margin will be much more than what we are given guidance. | 22 |
| nan | other | nan | So, the role of CIFs in the branch staff will continue to maybe explain the products and guide the customer to initiate the journey on the YONO platform also. | 23 |
| nan | other | LOWERED | So, credit life is flattish with the penetration levels in the bank are slightly lower than what we were expecting but we expect the penetration levels to come | 24 |
| nan | other | nan | So, we expect 9%-10% kind of growth in credit life for the full year. | 24 |
| nan | other | LOWERED | So, there the underwriting process for the higher ticket size will be lower and we expect that the same will help in improving the coverage ratio. | 24 |
| nan | other | nan | I told you this product was just launched towards the end of the quarter, September, so the numbers are negligible, but we expect this product to catch up and p | 25 |
| nan | other | nan | We expect this product will have a financial different segment. | 25 |
| nan | other | LOWERED | We expect this will be more attractive and it will help us to not only increase our protection share but also fulfill the underinsured population because a lot | 25 |
| nan | other | nan | And the VONB will be in the range of around the current rate, which is going at around single digit or will be around 10%. | 13 |
| nan | other | nan | And which we expect that will continue for the fourth quarter. | 14 |
| nan | other | nan | So, we have been investing a lot as far as agency is concerned, and we expect that it will continue to give us not only the growth but also the higher activity. | 14 |
| nan | other | nan | But if we are comfortable that it will be in the range of 60-40 in this year. | 15 |
| nan | other | nan | But we expect that this overall protection will continue to be good for us in the next 2 to 3 years. | 15 |
| nan | other | nan | And we expect that pure protection will definitely grow. | 15 |
| nan | margin | nan | It will help us to enhance the margin going forward. | 16 |
| nan | margin | MAINTAINED | So, over the period with a longer-term basis, you see the margin that we mentioned that it will remain in a range of 26% to 29% with objective to maintain minim | 16 |
| nan | premium / VNB | nan | So as we have already mentioned previously, Sanketh, the individual APE will be in this range of 14% and total APE will be in this range around 10% to 11%. | 17 |
| nan | other | nan | No, I'll give you. 17% growth should be there sequentially. | 20 |
| Q4FY25 | other | nan | Talking of overall growth, we delivered on individual IRP basis, 12% growth and going forward, we expect that we will continue to grow at around 13% to 14%, whi | 7 |
| Q4FY25 | other | nan | Going forward, what we are looking for is a 65%-35%kind of product mix. | 9 |
| Q4FY25 | margin | nan | So, in our last analyst call, we had given a guidance of around 28% margin. | 11 |
| Q4FY25 | margin | MAINTAINED | So barring spikes or dips from quarter-to- quarter, we expect to maintain the margin of around 27%-28% for the full year. | 11 |
| Q4FY25 | margin | nan | But broadly, I think MD has guided what is the broad margin. | 11 |
| Q4FY25 | other | nan | And 65%-35% kind of product mix broadly is also target for agency. | 11 |
| Q4FY25 | premium / VNB | nan | Credit Life APE is around INR250 crores for the financial year FY '25. | 12 |
| Q4FY25 | premium / VNB | nan | See, the first one is about the growth that is related to individual APE and that we are expected to grow between around 14%. | 12 |
| Q4FY25 | other | nan | And we don't see much dent on this going forward. | 15 |
| Q4FY25 | other | nan | See, as far as agency growth is concerned, we are very, very clear about the trajectory which we are focusing for SBI Life as far as our next 2 to 3 years are c | 16 |
| Q4FY25 | other | nan | And as far as the expense allocation methodology, which we have changed, this is basically we do once in 3 years to 5 years as far as our expense methodology as | 18 |
| Q1FY26 | other | nan | So now these branches, which we opened last year and this year also, we are opening, along with these new additional agents, we are sure that going forward, we | 9 |
| Q1FY26 | other | nan | But going forward, we are sure that our numbers will also come back along with the product mix that we are getting in this quarter. | 9 |
| Q1FY26 | other | nan | And I'm sure that in the remaining 3 quarters, we will be able to align the banca product mix also as per our expectation and as per our guidance set for the ye | 11 |
| Q1FY26 | other | MAINTAINED | I mean our guidance and our monitoring of our field forces, our frontline managers, everybody is aligned, and we are sure that we will be able to maintain this | 11 |