Multi-Pronged Risk Management and Protection Philosophy
Revenue and Profit & Loss A/c
Revenue A/c¹
Q1 FY22
Q1 FY21
Profit and Loss A/c¹
Rs bn
Q1 FY22
Q1 FY21
i Premium earned
I
76.6
58.6
! Income
I
I Reinsurance ceded
(1.2)
(1.4)
Interest and dividend income
1.2
0.9
I
Income from Investments
69.6
87.5
|
Net profit/(loss) on sale
1.3
0.0
I
Other Income
0.2
0.3
Transfer from Policyholders' Account
1.2
3.5
I
Transfer from Shareholders' Account
I
Other Income
I
Total Income
146.0
145.0
Total
4.4
3.8
Commissions
3.0
2.4
I
! Outgoings
|
Expenses
9.5
6.7 ¦
I
I
I
Transfer to Policyholders' Account
0.8
GST on UL charges
0.9
0.8¦
I
I
I
Expenses
0.0
0.1
■ Provision for taxation
(0.0)
0.3
I
I
¡ Interest on convertible debentures
0.1
i Provision for diminution in value of investments
(2.0)
(0.6)
I
I
I
I Benefits paid
i Provision for diminution in value of investments
55.5
26.4
(0.2)
(0.1)
I
I
Change in valuation reserve
76.1
104.9
I ¡Provision for Taxation
0.0
0.0¦
I
Bonuses Paid
2.6
1.5
Total
0.8
(0.1)
Total Outgoings
145.4
142.5
Surplus
Transfer to Shareholders' Account
Funds for future appropriation - Par
Total Appropriations
0.6
2.5
Profit for the year as per P&L Statement
Interim Dividend paid (including tax)
3.0
4.5
1.3
3.5
Profit carried forward to Balance Sheet
3.0
4.5
(0.7)
(1.0) |
0.6
2.5
1. Numbers may not add up due to rounding off effect
◉
HDFC
Life
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