ALM Strategy and Insurance Market Opportunities
Robust delivery across key metrics (2/2)
8
Stable Persistency
87%
51%
86%
53%
H1 FY23
13th 61st
H1 FY24
Strong growth in renewal premium
1.
14%
136.4
120.1
H1 FY23
H1 FY24
☐
Focus on quality of
business and providing
superior customer
experience
Healthy VNB growth
26.2%
26.2%
14.1
12.9
H1 FY23
H1 FY24
■NBM
Rs bn
☐
Multiple pools of
profitability contributing
to VNB accretion
■ VNB growth of 10% over
H1 FY23
Group assets under management of > Rs 3.2 tn¹
3,232
☐
Backed by strong
persistency and growing
backbook
584
HDFC Life Debt: Equity
2,600
mix (H1 FY24) - 68:32
351
2,649
2,249
YoY Growth
Group assets under management (AUM) includes AUM of HDFC Life and HDFC Pension (subsidiary)
H1 FY23
HDFC Life AUM
H1 FY24
HDFC Pension AUM
HDFC
LifeView entire presentation