SBI Life Insurance Targets Increased Policy Sales in FY27
'Increasing policy sales in FY27 a focus area for SBI Life Insurance'
Business Standard
Image: Business Standard
SBI Life Insurance aims to boost policy sales in FY27 despite recent regulatory changes affecting the industry. Managing Director and CEO Amit Jhingran highlighted plans to diversify from unit-linked insurance plans (Ulips) to enhance the non-Ulip portfolio.
- 01SBI Life Insurance is focusing on increasing policy sales in FY27.
- 02The company aims to reduce reliance on unit-linked insurance plans (Ulips).
- 03SBI Life expects to maintain steady growth despite regulatory challenges.
- 04The non-Ulip portfolio will be scaled up to drive sales.
- 05CEO Amit Jhingran discussed these strategies in a recent interview.
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SBI Life Insurance is setting its sights on increasing policy sales for the fiscal year 2027 (FY27), as stated by Managing Director and CEO Amit Jhingran. Despite facing challenges from regulatory changes, such as the rationalisation of goods and services tax (GST) and the loss of input tax credit (ITC), the company has managed to achieve steady growth. Jhingran emphasized the importance of diversifying the company's offerings by reducing dependence on unit-linked insurance plans (Ulips) and focusing on expanding the non-Ulip portfolio. This strategic shift is expected to help sustain the company's growth momentum in FY27.
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