ALM Strategy and Insurance Market Opportunities
Focus on protection
Protection (Individual + Group) trends
Sum Assured (Individual + Group) trends
Rs Bn.
24%
19%
10.7
13.2
17.8
16%
25%
54%
8.9
7.7
7,178
5,762
11,041
4,493
45%
6,502
FY21
FY22
FY23
H1FY23
H1FY24
FY21
FY22
FY23
H1FY23
H1FY24
YoY Growth
39.4
47%
41%
58.1
84.4
28%
45.8
35.9
FY21
FY22
FY23
APE
NBP
H1FY23
YoY Growth
1.
Based on H1FY24
16
2.
Retail protection persistency
H1FY24
Offering embedded protection solutions based on
customer orientation
■ New products launched in H1FY24 - C2P Elite and
Sanchay Legacy
■ Maintained #1 in overall sum assured¹
■ Covered over 33 million lives in H1FY24
■ 13M persistency² of >90% over last 3 years
Profitable
distribution
Diversified
Customer
management
Risk
Technology,
digital &
growth
first
mix
& governance
Analytics
HDFC
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