HDFC Life Corporate Presentation
Demonstrating resilience in the current environment (1/2)
Strong, sustainable growth
Rs bn
Strong CP volumes on the back of higher disbursements¹
Overall
8.1%
9.2%
9.3%
10.3%
mkt share
Pvt. mkt
14.2%
15.5%
14.8%
15.8%
17% YoY growth
share
in Q3 FY23*
17%
-19%
55%
52%
YOY
19%
17%
16%
13%*
growth
70.0
81.5
68.3
59.7
FY20
Balanced product mix
Total APE
2%
8%
25%
15%
18%
33%
FY21
FY22
9M FY23
24%
Total NBP
11%
11%
30%
53.0
52.3
42.4
34.2
FY20
FY21
FY22
9M FY23
YoY Growth
Focus on diversified channel mix²
9%
7%
6%
9%
14%
13%
14%
18%
Par
19%
19%
22%
15%
16%
Non Par Savings
■ULIP
Protection
55%
61%
60%
59%
9%
Annuity
Group Retirals
FY20
FY21
FY22
9M FY23
Bancassurance
■Direct ■Agency
■Brokers and others
1.
Based on Credit Protect new business premium 2. Based on Individual APE
5
*
Current year growth numbers have been computed after factoring in Exide Life WRP in previous year - 9M and Q3
HDFC
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