HDFC Life Insurance Company540777Life insurance
HDFC Life reported accelerated AP growth in Q2, driven by HDFC Bank channel momentum, with VNB growth outpacing APE growth
By ScoutQuest · · 1 min read
Heard on business television between 08:49:25 - 08:52:25 IST.
- AP growth accelerated in Q2, mainly attributed to HDFC Bank channel momentum which had been subdued in recent years.
- VNB growth outpaced annual premium equivalent growth, reflecting improved profitability.
- Product mix shifted towards annuity and non-par savings products rather than participating savings products, due to focus on high business margins.
- Protection business saw strong momentum led by group protection business.
- IRDAI consultation papers remain a key overhang for the sector and the company.
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