India's SBI Life rises as Motilal Oswal projects steady growth, margin gains

Sbi Life Insurance

18/03/2026 06:26

** Shares of India's SBI Life Insurance SBIL.NS rise 1.63% to 1,963.50 rupees

** Motilal Oswal ("buy", PT:2400 rupees) expects new business premium growth to remain steady at roughly 15% during FY 2026–2028

** Brokerage expects profitability to improve as the insurer shifts toward higher-margin products, sees demand for pure insurance products driving growth

** Notes strong distribution via parent SBI's network and consistent growth track record

** Stock rated "buy" on average by 36 analysts, median PT at 2,415 rupees, according to data compiled by LSEG

** YTD, stock down 5.05% vs parent SBI's 8.4% rise

 (Reporting by Surbhi Misra in Bengaluru)

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