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Investor Presentaiton

Emerging opportunities and risks. Reinvent operating model Enhanced focus on digital Work from home ▪ Fall in growth: End-to-end digital journey 88 ☐ Opportunities Higher demand for insurance Increasing awareness levels across mortality, morbidity, longevity and interest rate products Risks: Mitigants Adverse mortality experience: Stringent underwriting on the back of data analytics; increased pricing Consolidation of market share ■ Product innovation M&A ■ Credit risk: Conservative investment strategy; ongoing portfolio review 24 24 ▪ Volatility in equity markets impacting solvency: Sub-debt; balanced product mix; healthy backbook surplus ₹ ■ Fall in persistency: Improved customer engagement & communication around need to retain cover Fall in interest rates: Diversified product mix, discipline in repricing new business, appropriate hedging of back book HDFC Life
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