May 2019 \ Cover Story \
Q4 Rs 1,227 crore profit for HDFC Life Insurance

Private life insurer HDFC Life Insurance Company Ltd ...

  • Ms Vibha Padalkar

Private life insurer HDFC Life Insurance Company Ltd in April said it closed last fiscal with a 15 percent growth in net profit. In a statement the company said it had logged a net profit of Rs 1,277 crore up from Rs 1,109 crore posted during 2017-18. The life insurer earned a total premium of Rs 29,186 crore last fiscal up from Rs 23,564 crore earned in 2017-18.

“We continue to record above industry-level growth and maintain our leadership position on profitability. Our continued focus on diversifying our distribution mix and maintaining a balanced product mix is underpinned by the growth of our proprietary channels and our dominant presence across all product segments,” Vibha Padalkar, Managing Director & CEO was quoted as saying in the statement.