Journey Simplification and Business Resilience
Executive summary: H1 FY22
Revenue trends
Profitability
growth
22%
Individual
New
Business
Margin (%)
H1 FY22
26.4%
H1 FY21
25.1%
WRP
market
share
16.2%
Öö
Rs bn
10.9
VNB
growth
30%
+
Renewal
premium
growth
18%
Rs bn
5.8
₹
PAT
growth
-26%
%
H1 FY22
91%
13M
Persistency1
H1 FY21
88%
Solvency²
(2021)
Sep 30
Mar 31
190%
201%
Protection/Annuity
1.
2.
2
Annuity
growth%
HDFC
Life
47%
Credit
protect
growth%
H1 FY22
108%
H1 FY21
-53%
Includes single premium
Post dividend payout of Rs 4.1 bn in Q2 FY22
Claims
■ Settled around 2 lakh claims in H1. Gross
and net claims provided for amounted to
Rs 36.4 bn and Rs 24.7 bn respectively
■ Individual claims tapered off in Q2 FY22;
Overall experience in line with projections
Excess mortality reserve (EMR) of Rs 7 bn
as on Jun 30, 2021 sufficient to cover
claims received to date
With an additional EMR of Rs 0.6 bn in Q2,
the unutilised reserves stands at about Rs
2 bn as on 30th September 2021
HDFC
LifeView entire presentation