HDFC Life Insurance Reports Increased Premium Income and Net Profit in Q2 FY24

Private life insurer #HDFC Life Insurance Company Ltd closed second quarter of FY24 with a higher premium income and net profit over previous year corresponding period.

In a regulatory filing HDFC Life said it had earned a net premium of about Rs 14,755 crore (Q2FY23 Rs 13,110 crore) and a net profit of about Rs 376 crore (Rs 326 crore). However, company had posted higher net profit during the first quarter of FY24 at about Rs 415 crore.