The company has posted 3% growth in total premium collection to Rs 10614. crore in Q4FY2020, driven by new business growth of 1% and renewal premium growth of 4%.

Individual WRP grew by 19% leading to expansion of market share by 170 bps to 14.2%. The company has maintained leadership position within the group segment, growing by 20%, resulting in a market share of 29.0%.

Total number of insured lives increased to 6.1 crore, growing by 19%.

The company continues to maintain a balanced product mix. Savings business which includes unit linked, par and non-par segments, grew by 18%. Protection APE increased to Rs 1,270 crore, growing by 22% in FY20 over the corresponding period last year. Protection share basis APE is 17.2% in FY20.

The diversified distribution mix is evidenced by the wide access to customers with 270 plus partners, including more than 40 new-ecosystem partners as on 31 March 2020. This is further supplemented by 421 branches spread across the country.

The company is one of the leading fund managers in India with an AUM is Rs 1.3 lakh crore. (Debt:Equity mix - 71:29; more than 96% debt investments are in G-Secs and AAA bonds as on 31 March 2020.

Networth increased by 20% to Rs 6794 crore end March 2020, while the solvency ratio of the company stood at 184% end March 2020.

Embedded Value (IEV methodology) increased 13% to Rs 20650 crore with Embedded Value per share at Rs 102.3 per share at end March 2020.

Financial Performance FY2020:

HDFC Life Insurance Company has posted 1% growth in the net profit to Rs 1295.27 crore in FY2020. Total Premium increased 11% to Rs 32223.60 crore in FY2020, aided by new business growth of 15% and 9% in renewal business. The persistency ratios continued to trend strongly across various cohorts. The value of new business (VNB) grew by 25% to Rs 1920 crore, while the new business margins improved to 25.9% for FY2020.