NewsSBI Life Insurance Releases Business Responsibility and Sustainability Report for FY 2025-26SBI Life Insurance Releases Business Responsibility and Sustainability Report for FY 2025-26
SBI Life Insurance Company Limited has filed its BRSR for FY 2025-26, reporting a turnover of ₹1,012.86 billion, net worth of ₹190.80 billion, and paid-up capital of INR 10.03 billion. The company achieved key ESG targets including 10% renewable energy consumption against a 7% target, a 6% reduction in carbon emissions, and a Net Promoter Score of 86 against a target of 84. With a total workforce of 29,344 employees and 22.69 million new lives impacted during the year, the report was assured by S K Patodia & Associates LLP under reasonable assurance standards.
*this image is generated using AI for illustrative purposes only.
SBI Life Insurance Company Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 with the stock exchanges, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which forms an integral part of the company's Integrated Annual Report for FY 2025-26, has been prepared on a standalone basis and accompanied by a Reasonable Assurance Report from S K Patodia & Associates LLP.
Company Overview and Financial Highlights
Incorporated on October 11, 2000, SBI Life Insurance is primarily engaged in the business of life insurance, offering a wide range of products including individual life insurance, group insurance, pension plans, savings plans, protection plans and health-related insurance solutions. The company operates across 1,230 offices nationally, spanning 28 States and 7 Union Territories, with no international operations.
| Parameter: | Details |
|---|---|
| Paid-up Capital: | INR 10.03 billion |
| Turnover (CSR basis): | ₹1,012.86 billion |
| Net Worth: | ₹190.80 billion |
| Total Offices (National): | 1,230 |
| Holding Company: | State Bank of India (55.33%) |
| Assurance Provider: | S K Patodia & Associates LLP |
| Type of Assurance: | Reasonable Assurance |
Workforce and Diversity
As at the end of FY 2025-26, the company employed a total of 29,344 employees, comprising 27,653 permanent and 1,691 other-than-permanent employees. Women constitute 23.97% of the total workforce. The company achieved its target of approximately 24% women in the workforce during the year. Among permanent employees, 20 are differently abled, of whom 18 are male and 2 are female.
| Workforce Category: | Total | Male | Female |
|---|---|---|---|
| Permanent Employees: | 27,653 | 21,374 (77.29%) | 6,279 (22.71%) |
| Other than Permanent: | 1,691 | 936 (55.35%) | 755 (44.65%) |
| Total Employees: | 29,344 | 22,310 (76.03%) | 7,034 (23.97%) |
| Differently Abled (Permanent): | 20 | 18 (90.00%) | 2 (10.00%) |
The Board of Directors comprises 8 members, of whom 1 (12.50%) is female. The company's Key Management Personnel (KMP), as defined under Section 203 of the Companies Act, 2013, number 3, with no female representation. The turnover rate for Non-FLS employees stood at 7.23% in FY 2025-26, compared to 7.20% in FY 2024-25 and 9.81% in FY 2023-24.
ESG Performance and Targets
The company's ESG framework is anchored on four strategic pillars under the C.A.R.E model — Customer, Community & Contributors; Accountability & Ethics; Responsible Governance; and Environmental Stewardship. The Managing Director & CEO, Mr. Amit Jhingran, holds the highest authority for implementation and oversight of the Business Responsibility policies, while the Stakeholders Relationship & Sustainability Committee oversees the ESG framework.
Key performance achievements against FY 2025-26 targets are summarized below:
| Target Area: | Target | Achievement |
|---|---|---|
| Women in Workforce: | ~24% | Achieved |
| Employee e-Learning: | 14 hours per employee | Achieved |
| Renewable Energy (Owned & Select Offices): | 7% | 10% achieved |
| Carbon Emission Reduction: | 5% | 6% reduction over FY25 |
| Net Promoter Score: | 84 | 86 in FY 2025-26 |
During FY 2025-26, the company impacted over 22.69 million new lives through its products and services. As on March 31, 2026, 52.30 million lives were covered under PMJJBY and 4.69 million lives under microinsurance.
Governance, Ethics, and Compliance
The company reported nil penalties, fines, or compounding fees during the financial year. No disciplinary actions were taken against any Directors, KMPs, or employees for bribery or corruption. The number of days of accounts payables stood at 5.54 in FY 2025-26, compared to 4.01 in FY 2024-25. The company is affiliated with 5 trade and industry chambers and associations at the national level, including the Life Insurance Council, Data Security Council of India, and Insurance Information Bureau of India.
On data security, the company reported zero instances of data breaches in FY 2025-26, with 0% of data breaches involving personally identifiable information of customers. The company holds ISO 27001:2022 certification for information security and ISO 22301:2019 certification for business continuity management.
Value Chain ESG Assessment
In compliance with SEBI requirements, the company assessed its value chain partners across nine BRSR Core attributes. A total of 45 value chain partners were identified — 9 upstream and 36 downstream — with 6 partners holding a share equal to or greater than 2% of purchases and sales by value.
| BRSR Core Attribute: | % of Value Chain Partners Disclosing Data |
|---|---|
| GHG Footprint: | 99.39% |
| Energy Footprint: | 97.56% |
| Gender Diversity in Business: | 95.12% |
| Enabling Inclusive Development: | 92.68% |
| Fairness in Engaging with Customers and Suppliers: | 91.06% |
| Employee Wellbeing and Safety: | 89.63% |
| Water Footprint: | 89.02% |
| Embracing Circularity & Waste Management: | 68.64% |
| Openness of Business: | 56.10% |
The assessment covered partners accounting for 75.17% of upstream and downstream activities by value, with the top 2% partners representing 40.36% of total purchase and sales values. The lowest disclosure levels were recorded for Openness of Business and Embracing Circularity and Waste Management, identified as key areas for improvement.
CSR Initiatives and Community Impact
The company undertook CSR projects in designated aspirational districts across multiple states during FY 2025-26. Initiatives spanned education, healthcare, livelihood and environmental sustainability, implemented through NGO partners.
| State: | Aspirational District | Amount Spent (In INR) |
|---|---|---|
| Bihar: | Jamui | 7,697,628 |
| Bihar: | Nawada | 8,988,430 |
| Chhattisgarh: | Kanker | 10,314,662 |
| Maharashtra: | Gadchiroli | 15,238,625 |
| Telangana: | Warangal | 2,245,028 |
In alignment with IRDAI Vision 2047, multiple initiatives were undertaken across Chhattisgarh to promote insurance awareness and strengthen the broader insurance ecosystem, including financial literacy sessions, mall activities, outreach with ASHA workers and collaborative sessions with the National Centre for Financial Education.
Historical Stock Returns for SBI Life Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.59% | -0.69% | +2.66% | -8.33% | +2.46% | +80.65% |
How might SBI Life's achievement of 10% renewable energy usage, exceeding its 7% target, influence its future capital expenditure plans for green infrastructure across its 1,230 offices?
What specific strategies will SBI Life implement to improve the low disclosure rates (56.10%) regarding 'Openness of Business' among its value chain partners in the upcoming fiscal year?
Given the stable but low representation of women in Key Management Personnel (0%), what concrete succession planning or leadership development initiatives are expected to address this gender gap at the executive level?
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