SBI Life Insurance Company is one of the largest life insurance providers in India and its share price has been a topic of interest among investors. The company’s share price has been on a steady rise and many investors are now wondering what the SBI Life Insurance Company share price target will be in the coming years.
The Budget 2023 announcement has caused a stir in the insurance sector, with stocks falling up to 10% as the Finance Minister pushes for a new tax regime. This has led many investors to question whether SBI Life Insurance Company is still a good stock to buy.
In this article, we will be exploring the SBI Life Insurance Company share price target for the years 2023 to 2030 and analyzing the company’s prospects in light of the recent budget announcement.
We will also be answering the question of whether SBI Life Insurance Company is a good auto stock to buy for investors looking to enter the market.
About the Company
SBI Life Insurance Company Ltd. is a consortium life insurance company between the State Bank of India (SBI) and BNP Paribas Cardif S.A. It is one of the leading private life insurers in India and is located in Mumbai. It offers a range of life insurance products, such as term insurance, unit-linked insurance plans, pension plans, endowment plans, and group insurance plans.
It also offers a range of health insurance plans and ULIPs. The company is also involved in bancassurance, distribution of mutual funds, and other financial products.
Stock Price History of SBI Life Insurance Company Ltd
SBI Life Insurance Company Ltd has seen a steady increase in its stock price since its listing on the National Stock Exchange (NSE) in 2017. The stock opened at Rs. 864 per share on the day of listing and has risen steadily to Rs. 1296 per share as of January 2023.
During this period, the stock has seen a few minor corrections along the way but has overall been on an upward trend. The company’s stock price has also been buoyed by a number of positive developments such as the launch of its new products, higher dividend payouts, and the announcement of its merger with SBI General Insurance.
Going forward, the company is expected to benefit from the growing insurance sector in India and its strong presence in the rural and semi-urban markets.
Latest news about SBI Life Insurance Company Ltd
- Budget 2023: Insurance stocks tank up to 10% as FM pushes for new tax regime [ 2-feb-2023 ]
- Buy SBI Life Insurance; target of Rs 1750: KR Choksey. [ 2-feb-2023 ]
How to buy SBI Life Insurance Company Ltd shares?
The steps for buying SBI Life Insurance Company Ltd shares are:
1. Open a Demat and Trading Account: You need to open a demat and trading account with a broker in order to buy and sell SBI Life Insurance Company Ltd shares.
2. Research and Analyze: Before investing, it is important to research and analyze the company’s financials and performance.
3. Place an Order: Once you have decided to invest, you can place an order with your broker to buy SBI Life Insurance Company Ltd shares.
4. Payment: You can pay for the shares with your debit or credit card, or by making a funds transfer from your bank account.
5. Delivery: Once the payment is received, the broker will deliver the shares to your demat account.
You can also buy shares from the following trading platforms:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Share Price Prediction of SBI Life Insurance: 2023 to 2030
Share Price Target 2023 of SBI Life Insurance is ₹1,774.37
| When | Maximum Price | Minimum Price |
| February 2023 | ₹1,184.53 | ₹1,017.33 |
| March 2023 | ₹1291.90 | ₹763.00 |
| April 2023 | ₹1,091.09 | ₹839.30 |
| May 2023 | ₹909.24 | ₹699.42 |
| June 2023 | ₹1,091.09 | ₹839.30 |
| July 2023 | ₹1,309.31 | ₹1,007.16 |
| August 2023 | ₹1,440.24 | ₹1,107.87 |
| September 2023 | ₹1,512.25 | ₹1,163.27 |
| October 2023 | ₹1,440.24 | ₹1,107.87 |
| November 2023 | ₹1,584.26 | ₹1,218.66 |
| December 2023 | ₹1,774.37 | ₹1,364.90 |
The table represents the predicted share prices of SBI Life Insurance Company for the year 2023. It shows a bullish trend for the company’s share price with a significant growth percentage between the maximum and minimum prices. For example, in February 2023, the maximum price is predicted to be ₹1,184.53, which is a growth of 16% from the minimum price of ₹1,017.33.
This trend continues throughout the year with the company’s share price showing a steady uptrend. By December 2023, the maximum price is predicted to be ₹1,774.37, which is a growth of 34% from the minimum price of ₹1,364.90.
These predictions indicate a positive outlook for the company’s share price in 2023 and a potential for strong returns for investors.
Share Price Target 2024 of SBI Life Insurance is ₹2,484.20
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,867.76 | ₹1,436.74 |
| February 2024 | ₹2,098.61 | ₹1,748.84 |
| March 2024 | ₹2,209.06 | ₹1,795.98 |
| April 2024 | ₹2,008.24 | ₹1,544.80 |
| May 2024 | ₹1,673.53 | ₹1,287.33 |
| June 2024 | ₹2,008.24 | ₹1,544.80 |
| July 2024 | ₹1,707.00 | ₹1,323.26 |
| August 2024 | ₹1,877.70 | ₹1,490.24 |
| September 2024 | ₹1,971.59 | ₹1,516.60 |
| October 2024 | ₹2,319.51 | ₹1,784.24 |
| November 2024 | ₹2,435.49 | ₹1,873.45 |
| December 2024 | ₹2,484.20 | ₹1,910.92 |
The table predicts the share prices of SBI Life Insurance Company for the year 2024 and the predictions are bullish, indicating a substantial growth percentage between the maximum and minimum prices. For instance, the maximum price for January 2024 is estimated to reach ₹1,867.76, representing a 29% increase from the minimum price of ₹1,436.74.
Throughout the year, the company’s share price is expected to show a continuous uptrend, with the maximum price predicted to be ₹2,484.20 in December, a growth of 82% from the minimum price of ₹1,910.92.
These predictions present a positive outlook for the company’s share price in 2024, offering investors the chance for significant returns.
The maximum and minimum share price targets for 2024 are ₹2,484.20 and ₹1,287.33, respectively.
SBI Life Insurance Company Share Price Target 2025 is ₹3,013.37
| When | Maximum Price | Minimum Price |
| January 2025 | ₹2,533.88 | ₹1,949.14 |
| February 2025 | ₹2,667.24 | ₹2,051.73 |
| March 2025 | ₹2,800.61 | ₹2,154.31 |
| April 2025 | ₹2,500.54 | ₹1,923.49 |
| May 2025 | ₹2,273.22 | ₹1,748.63 |
| June 2025 | ₹2,500.54 | ₹1,923.49 |
| July 2025 | ₹2,381.47 | ₹1,831.90 |
| August 2025 | ₹2,480.70 | ₹1,908.23 |
| September 2025 | ₹2,604.73 | ₹2,003.64 |
| October 2025 | ₹2,761.02 | ₹2,123.86 |
| November 2025 | ₹2,954.29 | ₹2,272.53 |
| December 2025 | ₹3,013.37 | ₹2,317.98 |
According to the table, the predictions exhibit a continued bullish trend, as the company’s share price is expected to show substantial growth over the year.
The maximum price prediction in January 2025 stands at ₹2,533.88, which is a growth of 6% from the minimum price of ₹1,949.14. The uptrend is consistent throughout the year, with the maximum price prediction reaching ₹3,013.37 in December 2025, reflecting a growth of 55% from the minimum price of ₹2,317.98.
These predictions present a positive outlook for the company’s share price in 2025 and provide investors with an opportunity to earn substantial returns.
The maximum and minimum share price targets for 2025 are ₹3,013.37 and ₹1,748.63, respectively.
SBI Life Insurance Company Ltd Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,109.36 | ₹1,476.55 |
| 2027 | ₹1,792.96 | ₹1,255.07 |
| 2028 | ₹3,227.32 | ₹2,259.13 |
| 2029 | ₹6,629.42 | ₹4,640.59 |
| 2030 | ₹7,382.76 | ₹5,167.93 |
The table shows the predicted share prices of SBI Life Insurance Company from 2026 to 2030. The predictions indicate a fluctuating trend in the company’s share price, with a varying growth percentage between the maximum and minimum prices.
In 2026, the maximum price is predicted to be ₹2,109.36, which is a growth of 42% from the minimum price of ₹1,476.55.
This trend continues in 2027 with the maximum price of ₹1,792.96, which is a growth of 43% from the minimum price of ₹1,255.07. However, the company’s share price experiences a substantial increase in 2028 with the maximum price of ₹3,227.32, which is a growth of 149% from the minimum price of ₹2,259.13.
This positive trend continues into 2029 and 2030 with the maximum prices predicted to be ₹6,629.42 and ₹7,382.76 respectively, which are significant increases of 169% and 39% from the respective minimum prices of ₹4,640.59 and ₹5,167.93.
These predictions suggest a positive outlook for the company’s share price in the upcoming years, providing investors with potential for substantial returns.
The maximum and minimum share price targets for 2026 to 2030 are ₹7,382.76 and ₹1,255.07 respectively.
Financial Condition of SBI Life Insurance Company Ltd: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing | Best Case | Worst Case |
| Sales | 34,068.38 | 44,604.06 | 43,797.50 | 81,912.78 | 82,983.29 | 80,011.56 | 1,02,061.69 | 84,028.95 |
| Expenses | 32,736.24 | 43,129.63 | 42,446.79 | 81,040.29 | 82,253.78 | 79,232.26 | 1,00,617.66 | 83,210.52 |
| Operating Profit | 1,332.14 | 1,474.43 | 1,350.71 | 872.49 | 729.51 | 779.30 | 1,444.02 | 818.43 |
| Other Income | 155.68 | 266.49 | 528.83 | 866.92 | 1,032.31 | 1,030.11 | – | – |
| Depreciation | 59.31 | 91.70 | 89.25 | 99.40 | 74.90 | – | – | – |
| Interest | 6.06 | 7.67 | – | – | – | – | – | – |
| Profit before tax | 1,422.45 | 1,641.55 | 1,790.29 | 1,640.01 | 1,686.92 | 1,809.41 | 1,444.02 | 818.43 |
| Tax | 272.06 | 314.76 | 368.11 | 184.17 | 180.92 | 193.54 | 11% | 11% |
| Net profit | 1,150.39 | 1,326.80 | 1,422.18 | 1,455.85 | 1,506.00 | 1,615.87 | 1,289.57 | 730.89 |
| EPS | 11.50 | 13.27 | 14.22 | 14.56 | 15.05 | 16.15 | 12.88 | 7.30 |
| Price to earning | 58.96 | 43.97 | 45.07 | 60.51 | 74.50 | 80.28 | 80.28 | 60.55 |
| Price | 678.25 | 583.40 | 641.00 | 880.85 | 1,121.45 | 1,296.10 | 1,034.37 | 442.16 |
| RATIOS: | ||||||||
| Dividend Payout | 17.39% | 15.07% | 0.00% | 17.17% | 13.28% | |||
| OPM | 3.91% | 3.31% | 3.08% | 1.07% | 0.88% | 0.97% |
SBI Life Insurance Company has shown growth in the last five years as reflected in their financial statement. The company’s net profit has seen a significant increase, with the maximum being at ₹1,615.87 in the year Mar-22, which is a growth of 37.61% from the minimum in Mar-18 at ₹1,150.39.
The Profit After Tax (PAT) has also shown a growth of 34.92% from the minimum in Mar-18 to the maximum in Mar-22. The revenue of the company has also increased, with the maximum sales of ₹82,983.29 in Mar-21 and the minimum being ₹34,068.38 in Mar-18, reflecting a growth of 143.23%.
The percentage growth in the Operating Profit Margin (OPM) was 0.88% in Mar-22, the minimum, and 3.91% in Mar-18, the maximum.
The Price to Earning (P/E) ratio was at its maximum in Mar-22 at 80.28 and at its minimum in Mar-18 at 58.96.
The company has also shown a fluctuation in its dividend payout, with the maximum being 17.39% in Mar-18 and the minimum being 0% in Mar-20.
FAQS
Will the share price of SBI Life Insurance Company Ltd increase in 2023?
Yes, the per share price of SBI Life Insurance Company Ltd is expected to grow and reach ₹1,774.37 by the December of 2023. It’s because SBI is one of the Established Companies in India and Its Customer Services are improving data by day Which Makes it investible for the long term also.
What is the price prediction for SBI Life Insurance Company Ltd for 2030?
The share price of SBI Life Insurance Company Ltd might reach around ₹7,382.76 by the end of 2030.
What is the current market capitalization of SBI Life Insurance Company Ltd?
At the time of writing, the SBI Life Insurance Company Ltd share price is trading at ₹1111.00 with a market capitalization of 1.12 trillion INR as of February 2, 2023.
What is the SBI Life Insurance share price target for 2025?
SBI Life Insurance share price is expected to trade between 1748INR to 3,013.37INR
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Conclusion
Given the strong financial performance of SBI Life Insurance Company Ltd over the past few years and its strong market presence in the Indian life insurance sector, it is expected that the company’s share price will continue to increase in the coming years.
Moreover, with the Indian economy continuing its upward trajectory and the Indian life insurance industry being one of the most lucrative in the world, it is expected that SBI Life Insurance Company Ltd will continue to benefit from the growth in the sector.
It is therefore expected that the company’s share price will reach its target price of Rs. 2023 to Rs. 2030 by the year 2030.
