Project Inspire: 'Future Proofing' HDFC Life
Robust delivery across key metrics (1/2)
Sustained performance
Individual WRP
Pvt. mkt
share
15.8%
YOY
growth
Individual NOP
(in '000s)
16.4%
12%
19.0
16.9
Q1 FY23
Balanced product mix
Total APE
18%
190.6
Strong CP volumes on the back of higher disbursements¹
Rs bn
-19%
55%
46%
37%
9%
77.4
206.9
53.0
34.2
Q1 FY24
Q1 FY23
Q1 FY24
YoY Growth
FY21
FY22
19.6
FY23
Q1 FY24
YoY Growth
Focus on diversified channel mix²
Total NBP
4%
8%
9%
16%
21%
Par
7%
6%
11%
8%
13%
14%
20%
20%
19%
19%
12%
13%
11%
Non Par Savings
9%
ULIP
61%
19%
27%
21%
60%
56%
61%
Protection
Annuity
37%
Group Retirals
FY21
FY22
FY23
■Bancassurance
■Direct
■Agency
1. Based on Credit Protect new business premium
Based on Individual APE
Note: Q1 FY24 and Q1 FY23 growth numbers have been computed after factoring in Exide Life WRP in the prior period
2.
7
Q1 FY24
■Brokers and others
HDFC
LifeView entire presentation