HDFC Life Reports 14% Increase in Q3 Net Profit to ₹415 Crore

HDFC Life Insurance Company has announced a net profit of ₹415 crore for the third quarter ending December 31, 2024, reflecting a 14% year-on-year growth from ₹365 crore in the same period the previous year. The company's net premium income rose by 10% to ₹16,771 crore, up from ₹15,235 crore. Additionally, the Value of New Business (VNB) margin improved sequentially to 27.4%, indicating enhanced profitability from new policies. These results underscore HDFC Life's robust performance and strategic focus on high-margin products.