SBI Life Insurance is confident of maintaining its FY26 margin guidance of 26–28% despite a shift away from ULIPs. CEO Amit Jhingran told CNBC-TV18 that a diversified product mix and strong execution will support profitability. The insurer reported a 14% rise in Q1 net profit to ₹594 crore and expects APE growth of 13–14% for the full year.
