Journey Simplification and Business Resilience

Protection Direct Banca 2 Product mix across key channels¹ Segment FY19 FY20 FY21 H1 FY22 UL 64% 32% 27% 30% Par 13% 18% 37% 33% I Non par savings 17% 44% 30% 31% Term 4% 4% 4% 4% Annuity 3% 2% 2% 2% ¡UL 50% 33% 29% 24% ¡Par 8% 14% 17% 14% I Non par savings 12% 20% 16% 23% ¡Term 6% 4% 3% 3% Annuity 24% 29% 35% 37% Company FY19 FY20 FY21 H1 FY22 Based on APE 17% 17% 13% 14% Based on NBP 27% 27% 20% 21% Online³ Agency Segment FY19 FY20 FY21 H1 FY22 ¦UL 55% 28% 24% 26% Par 18% 19% 34% 30% Non par savings 15% 41% 31% 32% Term 7% 8% 7% 7% Annuity 5% 4% 5% 5% 1. Basis Individual APE, Term includes health business. Percentages are rounded off 2. Includes banks, other corporate agents and online business sourced through banks / corporate agents 3. Includes business sourced through own website and web aggregators 19 Annuity Segment FY19 FY20 FY21 H1 FY22 UL 26% 12% 10% 14% I Par 40% 34% 37% 31% Non par savings 17% 40% 39% 40% Term 12% 12% 11% 11% I Annuity 5% 3% 3% 3% UL 62% 44% 39% 37% ¡Par 2% 1% 1% 2% I Non par savings 1% 18% 29% 33% ¡Term 35% 37% 30% 26% Annuity 1% 1% 2% 2% FY19 FY20 FY21 H1 FY22 Based on APE 4% 4% 5% 6% I Based on NBP 17% 16% 20% 24% HDFC Life Profitable distribution Diversified growth mix innovation leading Market- Quality of insurance Reimagining Board and management

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