HDFC Life Insurance Company Limited has announced a notable performance in the second quarter of FY25, reporting a strong increase in its premium income across all categories.
Key Highlights:
- Gross Premium Income:
- First Year Premium grew to ₹325.99 crore, up from ₹236.17 crore in Q1 FY24, showing a positive quarter-on-quarter (QoQ) momentum.
- Renewal Premium stood at ₹883.11 crore, increasing from ₹641.06 crore in the previous quarter.
- Single Premium came in at ₹484.29 crore, up from ₹404.23 crore in Q1 FY24.
- Total Premium Growth:
- The total Net Premium Income rose to ₹1,661.37 crore, compared to ₹1,254.84 crore in the prior quarter, showcasing robust growth in the insurance business.
- Investment Income:
- HDFC Life’s income from investments (net) saw significant growth, reaching ₹1,161.33 crore for the quarter, up from ₹1,412.71 crore in Q1 FY24.
These figures indicate HDFC Life’s ability to sustain growth and profitability in a competitive insurance landscape, bolstered by strong demand for its life insurance products and investment income.
The company remains well-positioned for future growth, supported by its diversified product portfolio and strategic investments.
