Q4 Rs 1,227 crore profit for HDFC Life Insurance
Private life insurer HDFC Life Insurance Company Ltd ...
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.