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AUM of pension fund industry grows by 38 pc to Rs 2.40 trn in 2017-18:PFRDA Chief
With 32 pc growth in new business, HDFC Life’s net profit rises by 24 pc to Rs 11.1 bn in 2017-18
HDFC Life has managed to maintain a balanced product mix with ULIPs contributing 57 per cent and conventional products forming 43 per cent of the individual APE(Annualized Premium Equivalent). It has continued focus on protection business, thereby contributing 26 per cent of total new business premium (FY17: 22 per cent). 25 per cent of company’s individual policies sold during FY18 were protection business policies (FY17: 25 per cent)’’ said Amitav Chaudhry, MD & CEO, HDFC Life .
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