ALM Strategy and Insurance Market Opportunities

Segment wise average term and age¹ Average Policy Term excluding annuity (Yrs) H1 FY24: 23.4 (H1 FY23: 23.1) Average Customer Age excluding annuity (Yrs) H1 FY24: 36.1 (H1 FY23: 35.4) 13 37 UL UL 12 37 36 35 Par Par 37 33 16 32 Non-par Health Non-par Health 17 32 13 Non-par Savings Non-par Savings 33 38 13 37 36 34 Non-par Protection Non-par Protection 32 34 Non-par Pension 14 14 48 Non-par Pension 54 H1 FY24 H1 FY23 H1 FY24 H1 FY23 Focus on long term insurance solutions, reflected in terms of long policy tenure ■ Extensive product solutions catering customer needs across life cycles from young age to relatively older population 1. Based on individual new business policies (excluding annuity) 31 HDFC Life

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