SBI Life Insurance to Acquire Sahara India Life Assets After SAT Ruling

SBI Life Insurance Company Ltd. is set to acquire the assets and liabilities of Sahara India Life Insurance Company Ltd.  

This follows a recent decision by the Securities Appellate Tribunal (SAT) to uphold the order from the Insurance Regulatory and Development Authority of India (IRDAI). 

SAT Upholds IRDAI's Order 

On December 5, 2025, the SAT dismissed the appeal filed by Sahara India Life Insurance Company Ltd. (SILIC) against the IRDAI's directive.  

The IRDAI had initially ordered the immediate transfer of all policyholder-related assets and liabilities from SILIC to SBI Life Insurance Company Ltd. This decision was made to safeguard the interests of policyholders. 

The IRDAI's order, dated June 2, 2023, was challenged by SILIC, but the SAT's recent ruling confirms the regulatory body's decision. This move is expected to ensure the stability and security of the policyholders' interests. 

Background of the Case 

The IRDAI's directive came after a thorough review of SILIC's financial health and operational capabilities. The decision to transfer assets and liabilities was aimed at protecting policyholders and maintaining trust in the insurance sector.  

SBI Life Insurance, a leading player in the industry, was chosen to take over these responsibilities due to its robust financial standing and operational expertise. 

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SBI Life Insurance Share Price Performance  

As of December 11, 2025, at 9:16 AM, SBI Life Insurance share price on NSE was trading at ₹2,008.40 down by 0.30% from the previous closing price. 

Conclusion 

The SAT's decision to uphold the IRDAI's order marks a pivotal moment in the Indian insurance sector. SBI Life Insurance's acquisition of Sahara India Life's assets and liabilities underscores the importance of regulatory oversight in maintaining industry stability and protecting policyholders' interests. 

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