In FY24, HDFC Life Insurance Company Ltd. reported a lacklustre result after a stellar FY23 due to tax changes, both in terms of annual premium equivalent growth and of new business margin. The slowdown in the Non-Par segment resulted in a subdued growth in the APE. However, HDFC Life is confident it will deliver an APE growth of ~15.0% by FY25E. Thus, as a strategy to offset the loss of high-ticket business, HDFC Life plans to continue focusing on tier-II and tier-III geographies, foster…
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HDFC Life – Misses New Business Margin Guidance; Focus To Remain On VNB Growth For FY25E: DRChoksey
