Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we hereby inform that the Board of Directors, basis recommendation of the Board Nomination and Remuneration Committee, approved the appointment of Mr. Nihar Niranjan Jambusaria (DIN: 01808733) as an Additional Independent Director for a term of 3 consecutive years commencing from September 22, 2026.

September 22, 2026 SBIL/CS/NSE-BSE/2627/104 Vice President General Manager Listing Department, Listing Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, BKC, Dalal Street, Bandra (East), Mumbai 400051 Mumbai 400001 NSE Symbol: SBILIFE BSE Scrip Code: 540719 Dear Sir / Madam, Subject: Outcome of the Board Meeting of the Company held on September 22, 2026 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we hereby inform that the meeting of the Board of Directors of the Company commenced at 06:45 P.M. and concluded at 07:00 P.M. on September 22, 2026, which approved, on the basis of recommendation of the Board Nomination and Remuneration Committee, the appointment of Mr. Nihar Niranjan Jambusaria (DIN: 01808733) as an Additional Independent Director not liable to retire by rotation for a term of 3 (three) consecutive years commencing from September 22, 2026. The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No.: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in the enclosed Annexure A. Further, we confirm that Mr. Nihar Niranjan Jambusaria is not debarred from holding the office of Director pursuant to any SEBI order or any other such authority. The above outcome is also available on the Company’s website www.sbilife.co.in. You are requested to kindly take the same on records. Thanking You, Yours faithfully, For SBI Life Insurance Company Limited Girish Manik, Company Secretary ACS No. 26391 Encl: A/a SBI Life Insurance Company Ltd. Registered and Corporate Office: Natraj, M.V. Road and Western Express Highway Junction Andheri (East), Mumbai 400 069. Tel.: (022) 6191 0000/ 3968 0000 IRDAI Regn. No. 111. CIN: L99999MH2000PLC129113 www.sbilife.co.in Annexure A Details pertaining to SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Information of such event(s) Details of events that need to be provided Mr. Nihar Niranjan Jambusaria, Additional Independent Director Reason for change viz, appointment, 1 Appointment resignation, removal, death or otherwise Date of appointment /resignation / The tenure of 3 (three) consecutive years commencing from 2 Cessation & term September 22, 2026 appointment/re- appointment Mr. Nihar N. Jambusaria, a Chartered Accountant qualified in 1984, is a senior finance and taxation professional with over four decades of experience. He served as Senior Vice President – Taxation at Reliance Industries Limited until April 2020 and currently, he is in advisory practice in the area of Direct Tax, International Tax, M&A, FEMA matters and Business Restructuring. Brief profile (in He serves as an Independent Director on the Boards of IIFL Finance 3 case of Limited, IIFL Samasta Limited, The Clearing Corporation of India appointment) Limited, Blossom Industries Limited, Pranav Construction Limited, Prabhudas Lilladher Advisory Services Limited and Neo Asset Trustee Private Limited. He has served as President and Vice President of Institute of Chartered Accountants of India (ICAI) and Chairman of the IndAS Implementation Committee. He also served on the Board of NFRA as ICAI’s ex‑officio representative. Disclosure of relationships between directors 4 NIL (In case of Appointment of Director) SBI Life Insurance Company Ltd. Registered and Corporate Office: Natraj, M.V. Road and Western Express Highway Junction Andheri (East), Mumbai 400 069. Tel.: (022) 6191 0000/ 3968 0000 IRDAI Regn. No. 111. CIN: L99999MH2000PLC129113 www.sbilife.co.in