Pick a scenario or pull the levers — see VNB, free surplus, solvency buffer and appraisal value (market cap) move in real time for SBI Life, then stress-test it with AI.
Non-ULIP mix carries ~8pt VNB-margin premium · new APE at 25% incremental VNB margin, 60% seeds renewal · collection release is one-time cash into free surplus · appraisal = IEV + VNB × the chosen multiple. Illustrative model on real FY26 baseline figures.
Ranked by VNB contribution — the top bar is the biggest lever in this scenario. (Collection shows as cash, not VNB.)
| Metric | Today | Scenario | Δ | |
|---|---|---|---|---|
| GWP | ₹101.29k Cr | → | ₹104.93k Cr | |
| VNB | ₹6.67k Cr | → | ₹7.92k Cr | |
| VNB margin | 27.5% | → | 28.4% | +0.9pt |
| Renewal premium | ₹58.74k Cr | → | ₹60.92k Cr | mix 58% |
| Solvency | 1.90x | → | 1.94x | +0.04x |
| Appraisal value | ₹174.17k Cr | → | ₹191.63k Cr | +₹17.46k Cr |
| Growth + margin | 47 | → | 62 |