SBI Life Insurance posted a net profit of Rs 494 crore for the second quarter, reflecting a 6.6% decline compared with the same period last year. The dip was primarily attributed to higher claims, increased operating expenses, and market-linked fluctuations in investment income. Despite the profit contraction, the company’s new business premium grew steadily, supported by strong retail and group insurance segments. Analysts note that SBI Life continues to maintain a robust capital position and solvency ratio, positioning it for sustained growth in India’s life insurance market.