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HDFC Life Insurance Q1 Results Show 14.9% Profit Increase and Record Rs 3,722 Cr Bonus 

HDFC Life Insurance's Q1 profits rose 14.9% to Rs 478.97 crore, with APE up 23% and VNB growth at 18%, showing strong business expansion and robust financial performance.
HDFC Life Insurance Q1 Results Show 14.9% Profit Increase and Record Rs 3,722 Cr Bonus 

HDFC Life Insurance reported a 14.9% increase in Q1 profits to Rs 478.97 crore, up from Rs 416.71 crore in the same quarter last year. The company’s net premium income rose to Rs 12,548.42 crore, compared to Rs 11,507.89 crore last year.

The insurer’s annualised premium equivalent (APE) for the quarter was Rs 2,866 crore, marking a 23% increase from Rs 2,328 crore in Q1FY24. This indicates significant growth in new business written during the period.

Value of New Business (VNB) reached Rs 718 crore, growing 18% year-over-year and also on a two-year CAGR basis. This growth reflects a strong upward trajectory in the company’s new business valuation.

Retail Sum Assured Growth saw a remarkable 46% increase, driven by higher sum assured multiples for savings products and a strong rider attachment. This growth was further supported by a 28% increase in retail protection.

HDFC Life announced its highest ever bonus of Rs 3,722 crore, benefiting over 22 lakh participating policyholders. This substantial bonus underscores the company’s strong financial performance and commitment to rewarding policyholders.

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