HDFC Life Insurance Co. Ltd’s performance for fiscal year 2024 (FY24) was rather uninspiring. The reported total annual premium equivalent (APE) was flat year-on-year. However, after adjusting for a non-recurring premium income of ₹1,000 crore from the previous year due to Union Budget changes regarding the taxation of maturity proceeds, FY24 APE growth was nearly 8% year-on-year, reaching ₹13,290 crore.
HDFC Life Insurance Co. Ltd’s performance…
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