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Investor Presentaiton

Robust delivery across key metrics (2/2) Stable Persistency 87% 52% 86% 54% 9M FY23 13th 61st 9M FY24 Strong growth in renewal premium 7 1. 15% 220.4 191.9 9M FY23 9M FY24 YoY Growth ☐ Focus on quality of business and providing superior customer experience Sustained VNB margins despite headwinds 26.5% 26.5% 22.7 21.6 9M FY23 9M FY24 ■NBM Rs bn Multiple pools of profitability contributing to VNB accretion ■ VNB growth of 5% over 9M FY23 Group assets under management of ~Rs 3.5 tn¹ 3,466 669 ☐ Backed by strong persistency and growing backbook 2,737 399 Group assets under management (AUM) includes AUM of HDFC Life and HDFC Pension (wholly owned subsidiary) 2,797 2,338 9M FY23 9M FY24 HDFC Life AUM HDFC Pension AUM HDFC Life Debt: Equity mix (9M FY24) - 67:33 HDFC Life
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