SBI Life Insurance Notifies Shareholders About Transfer of Unclaimed Dividends and Shares to IEPF Authority

SBI Life Insurance Company Limited has issued an important notification to its shareholders regarding the impending transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) Authority. The communication, sent on February 03, 2026, serves as a final reminder for shareholders to claim their outstanding dividends before the mandatory transfer deadline. Regulatory Compliance and Legal Framework The notification is issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority Rules 2016, companies are mandated to transfer all unpaid dividends to the IEPF after completion of seven years. Additionally, shares corresponding to unclaimed dividends for seven consecutive years must also be transferred to the IEPF Authority. Affected Dividend Periods and Timeline The company has identified shareholders who have not claimed dividends for seven consecutive years, with unclaimed amounts from multiple periods requiring attention. The affected dividend periods include: Dividend Period Status Interim 2018-2019 Unclaimed Interim 2020-2021 Unclaimed Interim 2021-2022 Unclaimed 1st Interim 2022-2023 Unclaimed Shareholders have until April 17, 2026, to claim their outstanding dividends before the automatic transfer to IEPF Authority occurs. Claim Process and Requirements To claim unclaimed dividends, shareholders must contact the company's Registrar and Share Transfer Agent (RTA) at einward.ris@kffintech.com . The claim process requires: Email request stating bank details Self-attested copy of client master list Payment will be made to the bank account registered against the Demat Account Post-Transfer Recovery Mechanism Once shares and dividends are transferred to IEPF, shareholders can still recover them through a structured process: Company will issue an Entitlement Letter upon request with supporting documents Shareholders must file online application in prescribed Form IEPF-5 Physical copy with requisite documents must be sent to the company Complete guidelines and forms are available on the MCA website at www.iepf.gov.in Contact Information for Shareholders For queries and assistance, shareholders can reach out to: Contact Type Details Registrar (KFin Technologies) Tower B, Plot 31-32, Gachibowli Financial District, Hyderabad - 500032 Toll Free Number 1800 309 4001 RTA Email einward.ris@kffintech.com Company Email investor@sblife.co.in Company Phone 022 61910000/39680000 The notification emphasizes that no claims will lie against the company once the transfer to IEPF Authority is completed, making it crucial for affected shareholders to take immediate action before the April 17, 2026 deadline. SBI Life Insurance Company Limited announced its comprehensive financial results for the nine months ended December 31, 2025, during its earnings conference call held on January 28, 2026. The insurance major demonstrated resilient performance despite facing headwinds from GST implementation and revised labor laws, achieving significant business milestones including crossing the ₹5 trillion assets under management threshold. Financial Performance Overview The company's financial metrics for the nine-month period reflect steady growth trajectory with strategic adjustments to regulatory changes. SBI Life's profit after tax stood at ₹16.7 billion, representing a 4% growth over the corresponding period last year, though this includes the impact of GST and revised labor law provisions. Financial Metric Nine Months FY26 Nine Months FY25 Growth Profit After Tax ₹16.7 billion ₹16.0 billion 4% Adjusted PAT (excluding GST/Labor impact) ₹21.5 billion ₹16.0 billion 34% New Business Premium ₹313.3 billion ₹263.2 billion 19% Gross Written Premium ₹733.5 billion ₹611.3 billion 20% Assets Under Management ₹5.12 trillion ₹4.42 trillion 16% Business Growth and Market Position SBI Life maintained its leadership position in the private life insurance segment with strong market share gains. The company's Individual Rated Premium (IRP) reached ₹166.8 billion with 15% growth, securing a 25.6% private market share and 18.6% total market share. The Annual Premium Equivalent (APE) stood at ₹185.2 billion, registering 16% growth, with individual APE contributing ₹168.8 billion. Value Creation Metrics The Value of New Business (VNB) demonstrated robust performance at ₹50.4 billion, marking 17% growth with a margin of 27.2% for the period. The VNB margin improved by 34 basis points compared to the previous year, despite GST impact. Excluding GST effects, the VNB margin would have been 28.3% with a gain of 140 basis points. Value Metrics Nine Months FY26 Nine Months FY25 Change Value of New Business ₹50.4 billion ₹43.1 billion 17% VNB Margin 27.2% 26.9% +34 bps Embedded Value ₹801.3 billion ₹679.2 billion 18% Solvency Ratio 1.91 2.02 -11 bps Product Mix and Distribution Performance The company's product portfolio showed strategic diversification with ULIPs contributing 68% of individual APE at ₹114.3 billion, while guaranteed non-par savings contributed 18%. Protection business maintained strong momentum with 24% year-on-year growth, contributing 9% of APE at ₹16.6 billion. The recently launched Smart Money Back Plus product garnered ₹5.6 billion in premium. Bancassurance through SBI and Regional Rural Banks continued as the primary distribution channel, contributing 62% of total APE with individual APE of ₹112.3 billion reflecting 16% growth. SBI branch productivity reached ₹6.4 million on individual APE terms with 15% growth. The agency channel added over 94,000 agents on gross basis, with individual APE of ₹48.8 billion showing 11% growth. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. 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