Mr. Keki Mistry – Chairman’s Speech At HDFC Life’s 25th Annual General Meeting (AGM) In Mumbai On 16th July 2025Ladies and gentlemen, esteemed shareholders, and fellow stakeholders, I am honored to stand before you today at the 25th Annual General Meeting of HDFC Life. As we gather here in Mumbai on this 16th day of July 2025, I am filled with a sense of pride and accomplishment, reflecting on the remarkable journey of our organization over the past quarter century.As we celebrate this significant milestone, I would like to take a moment to acknowledge the incredible contributions of our founding members, whose vision and perseverance have been instrumental in shaping HDFC Life into the institution it is today. Their unwavering commitment to excellence and customer satisfaction has been the bedrock upon which we have built our success.Over the past 25 years, HDFC Life has experienced unprecedented growth, navigating the complexities of the Indian life insurance market with agility and resilience. We have consistently demonstrated our ability to adapt to changing regulatory environments, evolving customer needs, and emerging market trends. Through it all, our focus has remained steadfast on delivering exceptional value to our policyholders, while fostering a culture of innovation, transparency, and accountability within our organization.As we look to the future, I am excited about the prospects that lie ahead. The Indian life insurance sector is poised for significant expansion, driven by increasing awareness about the importance of insurance, favorable demographics, and the government’s initiatives to promote financial inclusion. At HDFC Life, we are well-positioned to capitalize on these opportunities, leveraging our robust distribution network, diversified product portfolio, and strong partnerships to drive growth and deepen our penetration in the market.Our strategy for the future is built around several key pillars. First, we will continue to invest in digital transformation, enhancing our online platform and leveraging data analytics to improve customer engagement, streamline processes, and reduce costs. Second, we will focus on expanding our reach in underserved markets, utilizing innovative distribution channels and tailored product offerings to address the unique needs of these segments. Third, we will prioritize the development of our people, providing training and development opportunities to enhance their skills and capabilities, and foster a culture of innovation and entrepreneurship within our organization.As we embark on this next phase of our journey, I would like to express my sincere gratitude to our shareholders, whose trust and support have been invaluable to us. I would also like to thank our customers, who have placed their faith in us, and our employees, who have worked tirelessly to deliver exceptional service and drive our success. Your contributions have been instrumental in shaping HDFC Life into the organization it is today, and I look forward to continuing our partnership in the years to come.Before I conclude, I would like to highlight some of the key achievements of the past year. Despite the challenges posed by the pandemic, we have delivered strong financial performance, with significant growth in our top-line and bottom-line. Our solvency ratio remains robust, and we have made substantial progress in enhancing our operational efficiency and improving our customer satisfaction scores.In conclusion, as we celebrate our 25th anniversary, I am filled with a sense of pride, gratitude, and excitement for the future. I am confident that HDFC Life is well-positioned to continue its trajectory of growth and success, driven by our commitment to excellence, customer satisfaction, and innovation. Thank you.

by | Sep 22, 2025 | HDFC Standard Life, Insurance

As of March 31, 2025, the company’s financial standing is strong, with Assets Under Management (AUM) totaling Rs. 3.36 lakh crores. This significant figure indicates the company’s substantial holdings and investment portfolio. Additionally, the Embedded Value stands at Rs. 55,423 crores, which represents the present value of future profits from the company’s existing business.

The solvency ratio, a crucial measure of a company’s ability to meet its long-term financial obligations, remains robust at 194%. This high ratio demonstrates the company’s financial stability and capacity to withstand potential risks and challenges. A solvency ratio above 100% is generally considered satisfactory, and a ratio of 194% is exceptionally strong.

In terms of new business, the company has achieved a margin of 25.6% for the year, resulting in a Value of New Business (VNB) of Rs. 3,962 crores. The VNB is a key metric that measures the value created by new business acquired during the year. The company’s ability to maintain a high new business margin is a testament to its pricing power and competitiveness in the market.

Despite facing challenges such as increased surrender values and an adverse product mix, the company’s new business margins have shown resilience. The decline in new business margins was limited to just 70 basis points, thanks to proactive mitigations implemented by the company. This suggests that the company has been able to adapt to changing market conditions and minimize the impact of these challenges on its business.

Overall, the company’s financial performance as of March 31, 2025, is strong, with significant AUM, a robust solvency ratio, and resilient new business margins. The company’s ability to navigate challenges and maintain its financial stability positions it well for future growth and success. With a strong foundation in place, the company is likely to continue delivering value to its customers and stakeholders in the years to come.