HDFC Life Corporate Presentation

Macro opportunity - Retiral solutions 222 42 India's pension market is under-penetrated at 3%* of GDP 98.3 90.1 54.0 31.3 3.0 India Japan Hong Kong Canada USA 146.2 Australia Improvements in life expectancy will lead to an average post retirement period of 20 years Life expectancy at age 60 20 19 18 18 17 17 16 15 1995-2000 2005-10 2015-20 2030-35E ■Males Females Elderly population is expected to almost triple by 2060 1% Ageing population 11% 17% 67% 68% 66% Average household size has decreased from 4.6 in 2001 to 3.9 in 2018 Total Pension AUM is expected to grow to Rs 118 Tn by 2030 (about 1/4th accounted by NPS) Mandatory schemes to increase coverage for both unorganized and organized sectors 26% 21% 17% 2020 2040 2060 ■Age <15 Yrs Age 15-64 Yrs Age >64 Yrs Source: OECD 2021, Milliman Asia Retirement Report 2017; Survey by NSSO, Ministry of statistics and Programme implementation Crisil PFRDA, Census of India, UN Population Estimates * Comprising pension assets / funds HDFC Life

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