Life insurance companies pay a 4% commission on Unit Linked Insurance Plans (ULIPs).

Life insurance companies pay a 4% commission on Unit Linked Insurance Plans (ULIPs).

Recent data from the Insurance Regulatory and Development Authority of India (IRDAI) reveals that life insurance companies paid an average commission of 4.03% to distributors for Unit-Linked Insurance Plans (ULIPs) in 2024, up from 3.13% in 2023. The total commission...

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.

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...