Investor Presentaiton

Demonstrating resilience in the current environment (2/2) 16 Improving Persistency¹ 86% 51% 88% 54% Q1 FY22 _Q1 EY23_ 13th 61st Strong growth in renewal premium 19% 46.2 38.9 Q1 FY22 Q1 FY23 Focus on quality of business and providing superior customer experience Backed by consistent improvement in overall persistency 1. For individual business; Excluding single premium and fully paid up policies Steady expansion in New Business Margins 25% 26.8% 26.2% Q1 FY22 I Q1 FY23 T VNB Growth Stable solvency position 176% 178% Mar 31, 2022 | Jun 30, 2022 Rs bn Consistent growth in VNB on the back of topline growth and increase in margins ■ VNB has grown at 24% CAGR between FY17-22 ☐ Successfully raised Rs 3.5 billion of sub-debt in Q1 FY23 ■ Paid final dividend of Rs 1.70 per equity share HDFC Life

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