SBI Life Insurance Company Limited is India’s second-largest private life insurer and a leading player in the bancassurance segment. Incorporated in 2001 as a joint venture between State Bank of India (SBI) and BNP Paribas Cardif, it leverages SBI’s vast branch network of over 22,000 outlets to distribute life insurance products across urban, semi-urban, and rural India. With a strong focus on protection, savings, and retirement solutions, SBI Life has consistently delivered robust profitability, capital strength, and market share gains. As of January 2026, it trades at a premium valuation reflective of its quality, scale, and growth in India’s underpenetrated insurance sector. This article provides a data-driven outlook on the SBI Life Insurance share price target 2026–2030.
SBI Life Insurance: Company Overview
- Founded: 2001
- Managing Director: Mr. Mahesh Kumar Sharma
- NSE Symbol: SBILIFE
- Business Segments:
- Protection Plans (40%)
- Savings & Endowment (35%)
- Retirement & Annuity (15%)
- Unit-Linked Insurance Plans – ULIPs (10%)
- Market Position: #2 private life insurer in India by premium income; leader in bancassurance
SBI Life benefits from unparalleled distribution through SBI, low customer acquisition costs, and high persistency ratios (~88% for the 13th month). It is expanding digital sales and third-party partnerships to reduce reliance on SBI alone.
SBI Life Insurance: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹2,079 |
| Market Capitalization | ₹2,08,453.22 Cr |
| No. of Shares Outstanding | 100.28 Cr |
| 52-Week High / Low | ₹2,250 / ₹1,620 |
| P/E Ratio (TTM) | 84.97 |
| P/B Ratio | 11.39 |
| EPS (TTM) | ₹24.46 |
| Book Value (TTM) | ₹182.45 |
| ROE | 15.38% |
| ROCE | 15.90% |
| Dividend Yield | 0.13% |
| Face Value | ₹10 |
| Cash | ₹1,846.63 Cr |
| Debt | ₹0 Cr |
| Promoter Holding | 55.34% |
| Sales Growth (YoY) | 5.47% |
| Profit Growth (YoY) | 27.43% |
SBI Life Insurance Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹2,180 – ₹2,420 |
| 2027 | ₹2,320 – ₹2,620 |
| 2028 | ₹2,460 – ₹2,850 |
| 2029 | ₹2,600 – ₹3,100 |
| 2030 | ₹2,740 – ₹3,380 |
SBI Life Insurance Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹2,180 | ₹2,420 |
SBI Life reported 27.43% YoY profit growth in FY2025, driven by strong renewal premiums, improved persistency, and cost discipline. Despite modest sales growth (5.47%), its ROCE of 15.90% and zero debt reflect operational excellence. Trading at a P/E of 84.97x and P/B of 11.39x, the stock commands a premium for quality. A 2026 target range of ₹2,180–₹2,420 assumes continued market share gains and stable margins.
SBI Life Insurance Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹2,320 | ₹2,620 |
If the company sustains 20–25% earnings growth and benefits from rising insurance penetration, EPS could reach ₹26–₹28 by FY27. Assuming a P/E of 85–90x, the 2027 target range of ₹2,320–₹2,620 is justified.
SBI Life Insurance Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹2,460 | ₹2,850 |
By 2028, benefits from digital distribution, a higher protection mix, and cross-selling via SBI should reflect in profitability. A P/E of 88–92x on projected EPS of ₹27–₹30 supports the ₹2,460–₹2,850 band.
SBI Life Insurance Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹2,600 | ₹3,100 |
Long-term tailwinds include India’s low insurance penetration (life insurance density: ~$80 vs global avg: $350) and rising awareness. If competition doesn’t erode pricing, EPS could reach ₹29–₹32 by FY29. At a P/E of 90–95x, the 2029 target is ₹2,600–₹3,100.
SBI Life Insurance Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹2,740 | ₹3,380 |
Over a five-year horizon, SBI Life’s appeal lies in distribution moat + capital efficiency—not just volume. If ROE stays above 15% and dividends grow, investor confidence will strengthen. A terminal P/E of 92–98x on FY30 EPS (~₹28–₹32) justifies the ₹2,740–₹3,380 range.
SBI Life Insurance: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (SBI + BNP Paribas) | 55.34% |
| Foreign Institutional Investors (FII) | 21.88% |
| Domestic Institutional Investors (DII) | 18.72% |
| Public & Others | 4.05% |
High promoter holding ensures strategic alignment. Strong institutional ownership (40.6%) reflects analyst coverage and liquidity.
SBI Life Insurance: Strengths vs Risks
Strengths:
- Unmatched bancassurance distribution via SBI
- Zero debt and ₹1,847 Cr cash
- High persistency ratio (88%) ensures stable renewals
- Consistent ROE (~15%) and profit growth
Risks:
- Extremely high P/E (84.97x) leaves little room for error
- Low dividend yield (0.13%) limits income appeal
- Regulatory changes in commission structures may impact margins
- Contingent liabilities of ₹1.2 lakh Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than market average (PSU-backed stability) |
| Dividend/Income Potential | Very low (0.13% yield) |
| Best For | Quality-focused investors betting on India’s insurance penetration story |
FAQs
Is SBI Life Insurance a listed company?
Yes. SBI Life Insurance is listed on both NSE (SBILIFE) and BSE (540719) since its IPO in August 2017.
Is SBI Life Insurance stock good to buy?
Only for long-term, quality-focused investors who accept high valuations for business durability. Avoid if seeking value or income.
What is the IPO price of SBI Life Insurance Company?
The IPO price was ₹700 per share in August 2017.
What is the market share of SBI Life Insurance?
SBI Life holds ~6.5% of India’s total life insurance market and ~17% of the private life insurance segment—making it the #2 private player after HDFC Life.
Final Verdict
SBI Life Insurance remains India’s premier bancassurance franchise with unmatched distribution, capital strength, and execution consistency. While current valuations offer limited margin of safety, the long-term thesis—rising insurance penetration + SBI’s reach—remains intact.
Our SBI Life Insurance share price target 2026–2030 (₹2,180 to ₹3,380) reflects steady earnings growth and multiple stability. Upside is capped by valuation; downside is cushioned by ROCE and zero debt.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – SBI Life Consolidated Page (FY2025 + TTM)
- Finology Ticker – SBILIFE Financials & Analysis
- Groww.in – SBI Life Stock Profile
- SBI Life Investor Presentation (Q3 FY26, Jan 2026)
- IRDAI Annual Report 2025 – Insurance Market Share Data
