• IRP growth guidance: SBI Life maintained its Individual Rated Premium (IRP) growth guidance of 14% to 15% for the full year, supported by a 14% retail performance increase in the first quarter.
• Margin expansion outlook: Management expects margins to shift from the lower end of its 26% to 28% guidance band toward the upper 28% level over the next three quarters as the product and APE mix evolves.
• Protection segment target: After doubling its protection book year-on-year in Q1, the company is targeting the protection business to contribute around 10% of overall business on an APE basis for the full year.
• Annuity product launches: To capitalize on long-term demographic trends and expanding social security needs, SBI Life plans to strengthen its annuity portfolio by launching new products in the current or upcoming quarter.