SBI Life Insurance Company Limited has filed its quarterly compliance certificate with the National Stock Exchange of India and BSE Limited, fulfilling regulatory requirements under SEBI's depository regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The insurance company submitted its certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 14, 2026. Company Secretary Girish Manik communicated the filing to both stock exchanges through official correspondence.

Certificate Confirmation

KFin Technologies Limited, serving as the company's Registrar & Share Transfer Agent, issued the compliance certificate dated April 06, 2026. The certificate confirms that all securities of SBI Life Insurance Company Limited are held in dematerialized form.

Deputy Manager Pandu Ramavath from KFin Technologies Limited certified that no requests for rematerialization of securities were received by either SBI Life Insurance Company Limited or KFin Technologies Limited during the quarter ended March 31, 2026.

Regulatory Status

The certificate states that the requirements mentioned in Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 are not applicable to the company for the quarter ended March 31, 2026, given the complete dematerialization status.

KFin Technologies Limited has been providing regular certifications to depositories and stock exchanges in accordance with applicable regulations, ensuring continued compliance with SEBI's requirements for listed companies.

SBI Life Insurance has reported Annual Premium Equivalent (APE) growth that fell significantly short of its guidance for FY26. The life insurance company achieved 8% APE growth during the fiscal year, compared to its earlier guidance of 14% growth.

Performance Against Guidance

The actual performance represents a substantial gap between projected and achieved results. The company's APE growth of 8% indicates underperformance against the targeted 14% growth rate by 6 percentage points.

Business Impact

The shortfall in APE growth suggests challenges in premium collection and business expansion during FY26. Annual Premium Equivalent serves as a key performance indicator for life insurance companies, representing the sum of regular premiums and 10% of single premiums collected during a specific period.

The variance between guidance and actual performance highlights the gap between the company's growth projections and market realities during the fiscal year. This underperformance may impact the company's overall financial targets and strategic objectives for the period.