HDFC Life Corporate Presentation

Demonstrating resilience in the current environment (2/2) Stable Persistency¹ Rs bn On track to achieving margin neutrality for FY232 87% 53% 87% 26.4% 26.5% 52% Focus on quality of business and providing superior customer experience 26.2% 26.5% 9M FY22 13th 61st 9M FY23 Strong growth in renewal premium² 9 1. 2. 191.9 144.7 9M FY22 9M FY23 ■ Backed by consistent improvement in overall persistency H1 FY23 9M FY23 PY NBM Steady solvency position² 209% 176% Mar 31, 2022 Dec 31, 2022 For individual business; Excluding single premium and fully paid up policies. Current year numbers are on a merged basis, hence prior year is not comparable Current year numbers are on a merged basis, hence prior year is not comparable Multiple pools of profitability contributing to VNB accretion ■ VNB has grown at 24% CAGR between FY17-22 Healthy solvency margin of 209% well above regulatory requirement HDFC Life

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