Project Inspire: 'Future Proofing' HDFC Life
Robust delivery across key metrics (2/2)
Stable Persistency
87%
52%
Q1 FY23
87%
53%
Q1 FY24
■13th 61st
Strong growth in renewal premium
1.
2.
12
8
☐
Focus on quality of
business and providing
superior customer
experience
Rs bn
Strong VNB growth along with steady margin expansion
25.1%
26.2%
6.1
5.2
Q1 FY231
Q1 FY24
NBM
Multiple pools of
profitability contributing
to VNB accretion
■ VNB growth of 18% over
Q1 FY23
Group assets under management of > Rs 3 tn²
14%
■ Backed by strong
persistency and growing
backbook
530
301
2,533
2,134
58.0
51.0
Q1 FY23
Q1 FY24
Q1 FY23
Q1 FY24
HDFC Life Debt: Equity
mix (Q1 FY24) - 68:32
YoY Growth
VNB and NBM for the pre-merger entity (excl. Exide Life) in Q1 FY23 was Rs 5.1 Bn and 26.8% respectively
Group assets under management (AUM) includes AUM of HDFC Life and HDFC Pension (subsidiary)
HDFC Life AUM HDFC Pension AUM
HDFC
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