Mumbai, July 24 -- Net premium income rose 16.87% YoY to Rs 20,078.21 crore in Q1 FY27, compared with Rs 17,178.50 crore in Q1 FY26.

The company's gross written premium (GWP) increased 20% to Rs 21,290 crore, driven by a 23% growth in new business premium and 17% rise in renewal premium.

Individual new business premium grew 14% YoY to Rs 5,610 crore, while Annualised Premium Equivalent (APE) increased 36% to Rs 5,380 crore during the quarter.

Value of New Business (VoNB) improved 29% YoY to Rs 1,410 crore, while the new business margin stood at 26.2% compared with 27.4% a year ago.

SBI Life's Indian Embedded Value (IEV) increased 15% to Rs 85,290 crore.

Assets Under Management (AuM) rose 10% YoY to Rs 5,24,850 crore, while net worth ...