Multi-Pronged Risk Management and Protection Philosophy

Industry new business¹ trends Individual WRP in Rs bn Sensex ■Private Players LIC 452 420 401 357 315 304 288 292 285 269 273 262 230 305 287 291 278 245 203 200208 227 214 175 178 172 73 50 Sensex FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Q1 FY22 Private players Market share 20 57% 52% 46% 37% 38% 38% 49% 52% 54% 56% 58% 57% 60% 59% Growth % Private 1% 7% -20% -24% 2% -3% 16% 14% 26% 24% 12% 5% 8% 26% LIC -22% 29% 4% 11% -4% -2% -27% 3% 15% 13% 5% 8% -3% 4% -10% 17% -9% -5% -2% -3% -11% 8% 21% 19% 9% 6% 3% 16% Overall 46 46 Private sector gained higher Market share than LIC for the first time in FY16, post FY11 regulatory changes Amongst private insurers, insurers with a strong bancassurance platform continue to gain market share 1.Basis Individual Weighted Received Premium (WRP) Source: IRDAI and Life Insurance Council HDFC Life

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