Pursuant to Regulation 34(2)(f) of SEBI LODR Regulations 2015, please find enclosed Business Responsibility and Sustainability Report of the Company along with the reasonable assurance ....

July 23, 2026 SBIL/CS/NSE-BSE/2627/68 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: Business Responsibility and Sustainability Report for FY 2025-26 Pursuant to amendment to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Business Responsibility and Sustainability Report of the Company along with the Reasonable Assurance Report for FY 2025-26, which forms an integral part of the Integrated Annual Report for the FY 2025-26. The same is hosted on the Company’s website at www.sbilife.co.in We request you to kindly take the above information on record. 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 Built on Trust. Shared in Growth. Business Responsibility & Sustainability Reporting 2025-26 SBI Life Insurance Company Limited Business Responsibility & Sustainability Reporting 2025-26 Business Responsibility & Sustainability Reporting SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L99999MH2000PLC129113 2. Name of the Listed Entity SBI Life Insurance Company Limited 3. Date of Incorporation October 11, 2000 4. Registered office address Natraj, M. V. Road, Western Express Highway Junction, Andheri (East), Mumbai – 400 069 5. Corporate address Natraj, M. V. Road, Western Express Highway Junction, Andheri (East), Mumbai – 400 069 6. E-mail esgsupport@sbilife.co.in investorrelations@sbilife.co.in 7. Telephone +91 22 6191 0000 8. Website https://www.sbilife.co.in 9. Financial year for which reporting is being done April 01, 2025 - March 31, 2026 10. Name of the Stock Exchange(s) where shares are listed Bombay Stock Exchange Limited and National Stock Exchange of India Limited 11. Paid-up Capital INR 10.03 billion 12. Name and contact details (telephone, email address) of the Mr. Sangramjit Sarangi person who may be contacted in case of any queries on the BRSR President & CFO report Contact: 02261910281 esgsupport@sbilife.co.in investorrelations@sbilife.co.in 13. Reporting boundary - Are the disclosures under this report made Standalone basis on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). 14. Whether the company has undertaken assessment or assurance Yes of the BRSR Core? 15. Name of assurance provider S K Patodia & Associates LLP 16. Type of assurance obtained Reasonable Assurance II. Products/services 17. Details of business activities (accounting for 90% of the turnover): S. % of Turnover Description of Main Activity Description of Business Activity No. of the entity 1. Financial and Insurance Service SBI Life is primarily engaged in the business of life insurance. The 100.00% company offers a wide range of insurance products including individual life insurance, group insurance, pension plans, savings plans, protection plans and health-related insurance solutions. Its main activity involves providing financial protection and long- term savings solutions to individuals and businesses through an extensive distribution network across India. 18. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. % of total Turnover Product/Service NIC Code No. contributed 1. Life Insurance 651100* 100.00% *National Industrial Classification 2025 (Ministry of Statistics & Programme Implementation) SBI Life Insurance Company Limited Business Responsibility & Sustainability Reporting 2025-26 III. Operations 19. Number of locations where plants and/or operations/offices of the entity are situated: Number of Number of Location Total plants offices National NA 1,230 1,230 International NA Nil Nil 20. Markets served by the entity: a. Number of locations Locations Number National (No. of States) 35 i.e. 28 States and 7 UTs International (No. of Countries) Nil b. What is the contribution of exports as a percentage of the total turnover of the entity? c. A brief on types of customers S BI Life Insurance Company Limited caters to a broad and well-diversified customer base across India, addressing the protection, savings and long-term financial planning needs of individuals and institutions across different life stages. The Company serves customers across urban, semi-urban and rural geographies, covering mass market segments, emerging middle-class households, affluent and high-net- worth individuals (HNIs), as well as economically underserved and socially vulnerable communities. I ts diversified product portfolio is designed to address a wide range of financial needs, including life protection, pension, savings, health, child education, wealth creation and retirement needs, thereby enabling individuals and families to build long-term financial security and resilience. In addition, the Company provides customized group and corporate insurance solutions, such as employee benefit schemes, credit life products and retirement-linked offerings, supporting organizations in safeguarding the financial well-being of their workforce. T he Company places significant emphasis on financial inclusion by extending accessible and affordable insurance solutions to underserved populations through simplified products and government-supported schemes. At the same time, it continues to address the evolving expectations of digitally enabled and financially aware customers through innovative, technology-driven and personalized offerings. Backed by a robust multi-channel distribution network and a customer-centric approach, SBI Life ensures broad accessibility, inclusivity and relevance across diverse demographic and socio-economic segments in India. IV. Employees 21. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Total Male Female Particulars No. (A) No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 27,653 21,374 77.29% 6,279 22.71% 2. Other than Permanent (E) 1,691 936 55.35% 755 44.65% 3. Total employees (D + E) 29,344 22,310 76.03% 7,034 23.97% WORKERS 4. Permanent (F) NA NA NA NA NA 5. Other than Permanent (G) NA NA NA NA NA 6. Total workers (F + G) NA NA NA NA NA SBI Life Insurance Company Limited Business Responsibility & Sustainability Reporting 2025-26 b. Differently abled Employees and workers: S. Total Male Female Particulars No (A) No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 20 18 90.00% 2 10.00% 2. Other than Permanent (E) 0 0 0.00% 0 0.00% 3. Total differently abled employees (D + E) 20 18 90.00% 2 10.00% DIFFERENTLY ABLED WORKERS 4. Permanent (F) NA NA NA NA NA 5. Other than permanent (G) NA NA NA NA NA 6. Total differently abled workers (F + G) NA NA NA NA NA 22. Participation/Inclusion/Representation of women Total No. and percentage of Females (A) No. (B) % (B / A) Board of Directors 8 1 12.50% Key Management Personnel* 3 0 0.00% *Note: KMP’s are defined as per the provisions of section 203 of Companies Act, 2013 23. Turnover rate for permanent employees and workers FY 2025-26 FY 2024-25 FY 2023-24 Male Female Total Male Female Total Male Female Total Permanent Employees 21.75% 27.12% 22.95% 24.12% 27.72% 24.90% 27.69% 30.97% 28.35% Permanent Workers NA NA NA NA NA NA NA NA NA Note: The above number for turnover includes both sales and non-sales employees The turnover rate for [Showing first 8,000 characters — download PDF for full document]