Please find Press Release and Investor Presentation being issued in connection with performance of the Company for the quarter ended June 30, 2026.

July 24, 2026 SBIL/CS/NSE-BSE/2627/70 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: Press Release & Investor Presentation – Performance for the Quarter ended June 30, 2026 Pursuant to the provisions of Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the press release and investor presentation being issued in connection with performance of the Company for the quarter ended June 30, 2026, is enclosed. The above information is also made available 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, Girish Manik Company Secretary ACS No. 26391 Encl: A/a Public 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 News Release July 24, 2026 BSE Code: 540719 NSE Code: SBILIFE Performance for the quarter ended June 30, 2026 • Private Market leadership in Individual New Business Premium & Individual Rated Premium with market share of 24.9% & 22.2% respectively • Annualized Premium Equivalent (APE) stands at ` 53.8 billion with growth of 36% • Total New Business Sum Assured stands at ` 8,500.3 billion with 211% growth • Improvement in 13M & 49M persistency by 61 bps & 68 bps respectively6 • Value of New Business (VoNB) stands at ` 14.1 billion with growth of 29% • VoNB Margin stands at 26.2% • Indian Embedded value (IEV) stands at ` 852.9 billion with growth of 15% • Profit After Tax (PAT) stands at `7.2 billion with 22% growth • Robust Solvency ratio of 1.96 • Assets under Management stands at ` 5.2 trillion with 10% growth Key measures of performance (` in billion) Particulars Q1-FY 2027 Q1-FY 2026 YoY Revenue Parameters New Business Premium (NBP) 89.1 72.7 23% Renewal Premium (RP) 123.8 105.5 17% Gross Written Premium (GWP) 212.9 178.1 20% Individual New Business Premium (Ind. NBP) 56.1 49.4 14% Individual Rated Premium (IRP) 39.7 34.7 14% Annualized Premium Equivalent (APE) 53.8 39.7 36% Private Market Share based on IRP1 22.2% 22.3% - APE Product mix (%) (Par/Non Par/ULIP) 5/49/46 5/38/57 - APE Channel mix (%) (Banca/Agency/others) 47/25/28 58/27/15 - Financial Parameters Profit after Tax (PAT) 7.2 5.9 22% Net Worth 201.1 178.3 13% Assets under Management (AuM) 5,248.5 4,758.1 10% IEV, VoNB and VoNB Margin2 Indian Embedded Value (IEV) 852.9 742.6 15% IEV per Share (in `) (IEV / Number of Shares) 850.2 740.8 - Value of New Business (VoNB) 14.1 10.9 29% VoNB per Share (in `) (VoNB / Number of Shares) 14.0 10.9 - Particulars Q1-FY 2027 Q1-FY 2026 YoY New Business Margin (VoNB Margin) 26.2% 27.4% - Key Financial Ratios Operating expense ratio3 7.7% 6.3% - Commission ratio4 4.4% 4.4% - Total cost ratio5 12.0% 10.8% - Persistency Ratios - Premium Basis (Regular Premium/ Limited Premium payment under individual category) 6&7 13th month persistency 87.7% 87.1% - 25th month persistency 78.2% 77.5% - 37th month persistency 72.4% 72.0% - 49th month persistency 69.1% 68.4% - 61st month persistency 58.4% 63.6% - Solvency Ratio 1.96 1.96 - Return on Equity (RoE) 14.8% 13.7% - 1. Source: Life insurance council 2. IEV, VoNB and VoNB Margin for Q1 FY 27 and Q1 FY26 have been reviewed by Independent Actuary. 3. Operating expense ratio = Operating expenses / Gross Written Premium (GWP) 4. Commission ratio = Commission (including rewards) / Gross Written Premium (GWP) 5. Total cost ratio = (Operating expenses + Commission + Provision for doubtful debt and bad debt written off) /GWP 6. The persistency ratios are calculated as per IRDAI circular IRDAI/NL/MSTCIR/RT/93/6/2024 dated June 14, 2024. Persistency Ratios for the period ended June 30, 2026 and June 30, 2025 are 'Upto the Quarter' Persistency calculated using policies issued in June to May of the relevant years. 7. Figures of the previous period have been regrouped/ reclassified/ restated wherever necessary, in order to make them comparable. N.B: Refer the section on definitions, abbreviations and explanatory notes. The Board of Directors of SBI Life Insurance Company Limited approved and adopted the reviewed financial results for the quarter ended June 30, 2026, following its meeting on Friday, July 24, 2026 in Mumbai. The disclosure of financial results submitted to exchanges is annexed to this release. Managing Director & CEO’s Statement: Amit Jhingran, MD & CEO of SBI Life stated: SBI Life continued its growth trajectory from FY 2026 into the first quarter of FY 2027, delivering a 14% increase in Individual Rated Premium, supported by a favourable shift in product mix. All product segments recorded growth on an Individual Rated Premium basis, and all key distribution channels achieved double-digit expansion. The increasing contribution from protection solutions and guaranteed non-par savings products reflects evolving customer preferences and our strategic focus. Renewal premium growth, along with improvements in the 13th- and 49th-month persistency ratios, underscores the strengthening of our customer relationships and the overall quality of our business. With its strong brand, diversified distribution network, superior service standards, and technology-led capabilities, the Company remains well-positioned to meet increasing demand across protection, savings, and retirement solutions. Our ability to consistently generate profitable new business over the years continues to support sustainable value creation for our shareholders. Business growth and market share • The Company has maintained its leadership position in Individual Rated Premium of ` 39.7 billion with 22.2% private market share in Q1 FY 27. • Growth in Individual New Business Premium by 14% to ` 56.1 billion in Q1 FY 27. • Protection New Business Premium stands at ` 19.6 billion in Q1 FY 27. • Gross Written Premium (GWP) has grew by 20% to ` 212.9 billion in Q1 FY 27 mainly due to 23% growth in New Business Premium and 17% growth in Renewal Premium (RP) in Q1 FY 27. Distribution network • The Company has strong distribution network of 371,935 trained insurance professionals consisting of Agents, CIFs and SPs along with widespread operations with 1,241 offices across country. • The Company has diversified distribution network comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, micro agents, common service centers, insurance marketing firms, web aggregators and direct business. • APE channel mix for Q1 FY 27 is bancassurance channel 47%, agency channel 25% & other channels 28%. • Individual NBP of Agency channel has increased by 17% to ` 15.5 billion in Q1 FY 27 and Individual NBP of Other channel has increased by 25% to ` 10.3 billion in Q1 FY 27 as compared to same period last year. Cost Efficiency • Total Cost ratio for Q1 FY 27 is 12.0% vis-à-vis 10.8% for Q1 FY 26 ▪ Commission ratio for Q1 FY 27 and Q1 FY 26 is 4.4%. ▪ Operating Expense ratio for Q1 FY 27 is 7.7% vis-à-vis 6.3% in Q1 FY 26. Profitability • Profit after Tax (PAT) grew by 22% to ` 7.2 billion for Q1 FY 27. • VoNB increased by 29% to ` 14.1 billion for Q1 FY 27. • VoNB margin stands at 26.2% in Q1 FY 27. Persistency • Strong growth in 13th month and 49th month persistency (based on premium considering Regular Premium/ Limited Premium payment under individual category) in Q1 FY 27 by 61 bps and 68 bps respectively due to our focus on improving the quality of business and customer retention. Assets under Management • AuM grew by 10% from ` 4,758.1 billion as on June 30, 2025 to ` 5,248.5 bil [Showing first 8,000 characters — download PDF for full document]