Regulatory risk on bancassurance channel
Potential regulatory restrictions on bancassurance could impact a key distribution channel, though no formal discussions have occurred yet.
SBILIFE / Q4-FY25 / risks
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SBI Life Insurance Company · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
medium
Equity market volatility impacting ULIP demand
ULIP degrowth in Q4 was attributed to equity market volatility; continued weakness could affect growth and product mix targets.
COVID cohort persistency risk
49-month persistency (COVID cohort) showed weakness, though management has taken revival measures and expects improvement.
Expense ratio increase from infrastructure investments
OpEx ratio increased from 4.9% to 5.3% due to branch expansion and hiring; further investments may pressure margins.