HDFC Life Q3 Review - Growth Continues; Product Mix To Aid Earnings: ICICI Direct
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HDFC Life Q3 Review - Growth Continues; Product Mix To Aid Earnings: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

HDFC Standard Life Insurance Company Ltd. reported a good set of numbers led by strong renewal premium, steady persistency and investment income.

Gross premium growth remained healthy at 20.3% YoY to Rs 9628.21 crore, led by higher traction in renewal (up 21.5% YoY) and single premium (up 21.8% YoY).

Growth in renewal premium continued to remain healthy at ~22% YoY to Rs 4576.98 crore.

New Business Premium witnessed slight moderation at 19% YoY to Rs 5051.23 crore, due to sluggish group business.

Click on the attachment to read the full report:

ICICI Direct HDFC Life Q3FY21 Result Update.pdf

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