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Award for Best Organization for Women in 2024: Awarded by The Economic Times, recognizing HDFC Life’s commitment to diversity, equity, and inclusion.
Explore: HDFC Life Share Price
Key Financial and Actuarial Metrics
Metric | FY24 | FY23 | Year-over-Year Change |
Individual APE | 11,509 | 11,401 | 1% |
Total APE | 13,291 | 13,336 | 0% |
New Business Premium (Indl + Group) | 29,631 | 29,085 | 2% |
Renewal Premium (Indl + Group) | 33,445 | 28,448 | 18% |
Total Premium | 63,076 | 57,533 | 10% |
Assets Under Management | 2,92,220 | 2,38,782 | 22% |
Profit After Tax | 1,569 | 1,360 | 15% |
Indian Embedded Value | 47,468 | 39,527 | 20% |
Value of New Business | 3,501 | 3,674 | -5% |
Key Financial Ratios and Market Metrics
Additional Read: Quarterly Results
Metric | FY24 | FY23 |
New Business Margins | 26.3% | 27.6% |
Operating Return on EV | 17.5% | 19.7% |
Total Expenses / Total Premium | 19.4% | 19.8% |
Solvency Ratio | 187% | 203% |
13M / 61M Persistency | 87%/53% | 87%/52% |
Market Share | ||
Individual WRP(Overall industry) | 10.4% | 10.8% |
Overall New Business Premium Market Share (Overall industry) | 8.0% | 7.9% |
Product Mix by Indl APE (UL / Non-par savings / Annuity / Protection / Par) | 35/30/6/5/23 | 19/45/5/4/27 |
Distribution Mix by Indl APE (Corporate Agents / Agency / Broker / Direct) | 65/18/6/11 | 56/20/11/13 |
Additional Read: Annual Results
Founded in 2000, HDFC Life stands as a premier provider of long-term life insurance solutions in India. The company is publicly listed and offers a comprehensive array of products tailored to meet a variety of customer needs including Protection, Pension, Savings, Investment, Annuity, and Health. HDFC Life boasts a diverse portfolio, featuring over 80 individual and group insurance products along with optional riders. This extensive range is designed to address the varied requirements of its clientele.
HDFC Life has significantly expanded its presence across India. It operates a broad network of branches complemented by an extensive array of distribution touchpoints. These have been bolstered through numerous new partnerships and tie-ups. The company maintains a robust distribution network that includes over 300 partnerships with banks, non-banking financial companies (NBFCs), microfinance institutions (MFIs), small finance banks (SFBs), brokers, and new ecosystem partners.
HDFC Life prides itself on a strong foundation of financial consultants who are integral to providing personalised service and expert advice to its customers. Through strategic expansion and a focus on comprehensive life insurance solutions, HDFC Life continues to enhance its market footprint and deliver value to its policyholders.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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