Journey Simplification and Business Resilience

Expanding market through consistent product innovation Click 2 Invest Retirement & pension Click 2 Protect 3D Plus Sanchay Plus Group Poorna Suraksha Woman FY15-19 Click2Protect Life Auto balance death and critical illness cover or receive income payouts from age 60 Saral Jeevan Bima Saral Pension Standard term and annuity plan with uniform product structure/benefits across life insurers FY20 FY21 Group Credit Protect Cancer Care Youngstar Pension Guaranteed Plan Sanchay Par Advantage Classic One Balanced product suite helps in managing 1 business cycles ¹ FY22 Sanchay Fixed Maturity Plan Guaranteed return savings plan which offers complete flexibility in terms of age coverage, premium payment & policy terms with industry first liquidity features Calibrated growth in protection 2 (Rs bn) Indl. Protection: 6% Individual Protection 4% 4% 5% 5% 6% 17% 17% 13% 12% 14% Group 7% 9% Protection: 8% 6% 6% 6% 13% 26% 26% 27% 34% 15% 29% 28% 25% 16% 46% 23% 20% 20% 22% FY19 FY20 FY21 H1 FY21 H1 FY22 Savings Protection UL Par Non Par ■Group Term ■Annuity 14 Group Protection 108% 38% -6% -54% 20.7 19.8 9.5 2.4 2.3 1.7 H1 FY20 H1 FY21 H1 FY22 H1 FY20 H1 FY21 H1 FY22 1. As a % of Total APE 2. Individual protection numbers are based on APE and group protection numbers based on NBP. Group protection includes Credit protect, GTI, GPS and Group Health Profitable distribution Diversified growth leading Market- Quality of insurance Reimagining Board and mix innovation management HDFC Life

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