INTEGRATED FILING — LI



General information about company

Scrip code 540777
NSE Symbol HDFCLIFE
MSEI Symbol NOTLISTED
ISIN INE795G01014
Name of Company HDFC Life insurance Company Limited
Type of company Main Board
Class of security Equity
Type Of Insurance Non-Linked Policy And Linked Policy
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 15-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-06-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Start date and time of board meeting 15-07-2026   13:15:00
End date and time of board meeting 15-07-2026   15:35:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable





Format for financial results by life insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Policyholders' Accounts
1 Income
(i) Gross premium income
(a) First Year Premium 2,74,634.00 2,74,634.00
(b) Renewal Premium 9,03,326.00 9,03,326.00
(c) Single Premium 5,45,269.00 5,45,269.00
Gross premium income 17,23,229.00 17,23,229.00
(ii) Net premium income 16,72,763.00 16,72,763.00
(iii) Income from investments (Net) 16,68,548.00 16,68,548.00
(iv) Other income
1 Other income 9,458.00 9,458.00
Total other income 9,458.00 9,458.00
(v) Transfer Of Funds From Shareholders Account 3,401.00 3,401.00
(vi) Total Income 33,54,170.00 33,54,170.00
2 Expenses
(i) Commission on
(a) First Year Premium 96,086.00 96,086.00
(b) Renewal Premium 17,297.00 17,297.00
(c) Single Premium 97,736.00 97,736.00
Total Commission 2,11,119.00 2,11,119.00
(ii) Net Commission 2,11,465.00 2,11,465.00
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 92,192.00 92,192.00
(b) Administration expenses 0.00 0.00
(c) Advertisement and publicity 0.00 0.00
(b) Other operating expenses
1 Other Operating Expenses 86,346.00 86,346.00
Total other operating expenses 86,346.00 86,346.00
Total operating expenses related to insurance business 1,78,538.00 1,78,538.00
Total Expenses of Management 3,90,003.00 3,90,003.00
(iv) Provisions for doubtful debts (including bad debts written off) 0.00 0.00
(v) Provisions for diminution in value of investments (3,765.00) (3,765.00)
(vi) Goods & Service tax charge on linked charges 863.00 863.00
(vii) Provision for taxes
Current Tax 4,694.00 4,694.00
Deffered Tax 0.00 0.00
Total provision of taxes 4,694.00 4,694.00
(viii) Benefits Paid (Net) 8,23,822.00 8,23,822.00
(ix) Change in actuarial liability 21,06,831.00 21,06,831.00
Total Expenses 33,22,448.00 33,22,448.00
3 Net Surplus(Deficit) 31,722.00 31,722.00



4 Appropriations
(a) Transferred to Shareholders A/c 37,260.00 37,260.00
(b) Funds for Future Appropriation (5,538.00) (5,538.00)
5 Details of Surplus / Deficit
(a) Interim bonus paid 60,385.00 60,385.00
(b) Allocation of bonus to policyholders 0.00 0.00
(c) Surplus shown in the Revenue Account 31,722.00 31,722.00
(d) Terminal bonus paid 15,178.00 15,178.00
Total Surplus (Deficit ) 1,07,285.00 1,07,285.00



SHAREHOLDERS ' Account

Amount in (Lakhs)

1 Income
(i) Transfer from Poliycholders' Account 37,260.00 37,260.00
(ii) Income under Shareholders' Account
(a) Investment Income 34,540.00 34,540.00
(b) Other income
1 Other income 4,273.00 4,273.00
Total Other income 4,273.00 4,273.00
Total income under shareholders account 38,813.00 38,813.00
Total Income 76,073.00 76,073.00
2 Expenses
(i) Expenses other than those related to insurance business 10,246.00 10,246.00
(ii) Transfer of funds to policyholders account 3,401.00 3,401.00
(iii) Provisions for doubtful debts (including write off) 0.00 0.00
(iv) Provisions for diminution in value of investments (593.00) (593.00)
Total Expenses 13,054.00 13,054.00
3 Profit/ (loss) before tax 63,019.00 63,019.00
4 Provisions for tax 1,900.00 1,900.00
(i) Current tax 1,900.00 1,900.00
(ii) Deffered tax 0.00 0.00
5 Profit / (loss) after tax and before Extraordinary Items 61,119.00 61,119.00
6 Extraordinary Items (Net of tax expenses) 0.00 0.00
7 Profit/ (loss) after tax and Extraordinary Items 61,119.00 61,119.00
8 Dividend per share
(a) Interim Dividend 0.00 0.00
(b) Final Dividend 0.00 0.00
9 Profit/(Loss) carried to Balance Sheet 11,69,245.00 11,69,245.00
10 Paid up equity share capital 2,17,247.00 2,17,247.00
11 Reserve & Surplus (excluding Revaluation Reserve) 16,91,012.00 16,91,012.00
12 Fair Value Change Account and Revaluation Reserve (Shareholders) 47,945.00 47,945.00
13 Assets
(i) Investments:
(a) Shareholders 21,54,334.00 21,54,334.00
(b) Policyholders Fund excluding Linked Assets 2,62,46,058.00 2,62,46,058.00
(c) Assets held to cover Linked Liabilities 1,17,17,512.00 1,17,17,512.00
Total Investments 4,01,17,904.00 4,01,17,904.00
(b) Other Assets (Net of current liabilities and provisions) 3,61,720.00 3,61,720.00
Total Assets 4,04,79,624.00 4,04,79,624.00
14 Analytical Ratios
(i) Solvency Ratio 185.00 185.00
(ii) Expenses of Management Ratio 22.5500 22.5500
(iii) Policyholder 's liabilities to shareholders' fund 1,953.45 1,953.45
(iv) Earnings per share (Rs.):
(a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) 2.83 2.83
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) 2.83 2.83
(v) NPA ratios: (for policyholders' fund)
(a) Gross NPAs
Non Linked
Par 922.04 922.04
Non Par 800.15 800.15
Linked
Par 0.00 0.00
Non Par 5,990.49 5,990.49
Net NPAs
Non Linked
Par 0.00 0.00
Non Par 0.00 0.00
Linked
Par 0.00 0.00
Non Par 0.00 0.00
% of Gross NPAs
Non Linked
Par 0.0100 0.0100
Non Par 0 0
Linked
Par 0 0
Non Par 0.0500 0.0500
% of Net NPAs
Non Linked
Par 0 0
Non Par 0 0
Linked
Par 0 0
Non Par 0 0
(vi) Yield on Investments (on policyholders' fund)
(a) Without unrealised gains
Non Linked
Par 2.1400 2.1400
Non Par 2.2100 2.2100
Linked
Par 0 0
Non Par 2.5100 2.5100
(b) With unrealised gains
Non Linked
Par 6.0600 6.0600
Non Par 6.5100 6.5100
Linked
Par 0 0
Non Par 10.0300 10.0300
(vii) NPA ratios: (for shareholders' fund)
(a) Gross NPAs 1,344.09 1,344.09
Net NPAs 0.00 0.00
(b) Percentage of Gross NPAs 0.0600 0.0600
Percentage of Net NPAs 0 0
(viii) Yield on Investments (on shareholders' fund)
(a) Without unrealised gains 1.67 1.67
(b) With unrealised gains 3.92 3.92
(ix) Persistency Ratio
1 13th Month 80.0300 80.0300
2 25th Month 73.500 73.500
3 37th Month 76.0700 76.0700
4 49th Month 67.4100 67.4100
5 61st Month 65.4800 65.4800
(ix) Other Rations
(x) Conservation Ratio 88.8700 88.8700
(xi) Percentage of shares held by Government of India (in case of public sector insurance companies) 0 0


Investor Compliants
(i) No of investor complaints pending at the beginning of the period 0 0
(ii) No of investor complaints during the period 0 0
(iii) No of investor complaints disposed off during the period 0 0
(iv) No of investor complaints remaining unresolved at the end of the period 0 0



(c) Notes Format for financial results by life insurance companies filed with stock exchanges
1. Net of reinsurance ceded and accepted including HDFC Re, wholly owned subsidiary 2. The persistency ratios are calculated in accordance with the IRDAI circular no. IRDAI/F&A/CIR/MISC/256/09/2021 dated September 30, 2021 and hence are with a lag of one month. 3. The persistency ratios for the quarter ended June 30, 2026 have been calculated for the policies issued in the March to May period of the relevant years. E.g.: the 13th month persistency for the current quarter is calculated for the policies issued from March 2025 to May 2025. The persistency ratios for quarter ended June 30, 2025 have been calculated in a similar manner.



Format for financial results by life insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Segment Income
1 Name of segment Segment A - Participating - Individual & Group Life
(i) Net premium 2,39,183.00 2,39,183.00
(ii) Income form investments 1,65,555.00 1,65,555.00
(iii) Transfer of funds from shareholders' account 88.00 88.00
(iv) Other income 5,513.00 5,513.00
2 Name of segment Segment B - Participating - Individual & Group Pension
(i) Net premium 35,582.00 35,582.00
(ii) Income form investments 4,773.00 4,773.00
(iii) Transfer of funds from shareholders' account 4.00 4.00
(iv) Other income 163.00 163.00
3 Name of segment Segment C - Non Participating - Individual & Group Life
(i) Net premium 6,63,220.00 6,63,220.00
(ii) Income form investments 3,15,023.00 3,15,023.00
(iii) Transfer of funds from shareholders' account 249.00 249.00
(iv) Other income 3,722.00 3,722.00
4 Name of segment Segment D - Non Participating - Life Group Variable
(i) Net premium 33,426.00 33,426.00
(ii) Income form investments 4,548.00 4,548.00
(iii) Transfer of funds from shareholders' account 1.00 1.00
(iv) Other income 0.00 0.00
5 Name of segment Segment E - Non Participating - Individual & Group Pension
(i) Net premium 22,279.00 22,279.00
(ii) Income form investments 4,997.00 4,997.00
(iii) Transfer of funds from shareholders' account 885.00 885.00
(iv) Other income 8.00 8.00
6 Name of segment Segment F - Non Participating - Individual & Group Pension Variable
(i) Net premium 8,943.00 8,943.00
(ii) Income form investments 3,354.00 3,354.00
(iii) Transfer of funds from shareholders' account 43.00 43.00
(iv) Other income 0.00 0.00
7 Name of segment Segment G - Non Participating - Individual & Group Annuity
(i) Net premium 1,47,143.00 1,47,143.00
(ii) Income form investments 72,641.00 72,641.00
(iii) Transfer of funds from shareholders' account 30.00 30.00
(iv) Other income 54.00 54.00
8 Name of segment Segment H - Non Participating - Individual & Group Health
(i) Net premium 484.00 484.00
(ii) Income form investments 58.00 58.00
(iii) Transfer of funds from shareholders' account 177.00 177.00
(iv) Other income 0.00 0.00
9 Name of segment Segment I - Unit Linked - Individual Life
(i) Net premium 3,99,586.00 3,99,586.00
(ii) Income form investments 9,72,644.00 9,72,644.00
(iii) Transfer of funds from shareholders' account 1,700.00 1,700.00
(iv) Other income (7.00) (7.00)
10 Name of segment Segment J - Unit Linked - Individual Pension
(i) Net premium 23,371.00 23,371.00
(ii) Income form investments 37,789.00 37,789.00
(iii) Transfer of funds from shareholders' account 134.00 134.00
(iv) Other income (9.00) (9.00)
11 Name of segment Segment K - Unit Linked - Group Life
(i) Net premium 84,617.00 84,617.00
(ii) Income form investments 79,264.00 79,264.00
(iii) Transfer of funds from shareholders' account 2.00 2.00
(iv) Other income 1.00 1.00
12 Name of segment Segment L - Unit Linked - Group Pension
(i) Net premium 3,519.00 3,519.00
(ii) Income form investments 11,524.00 11,524.00
(iii) Transfer of funds from shareholders' account 88.00 88.00
(iv) Other income 0.00 0.00
13 Name of segment Segment M - Reinsurance
(i) Net premium 11,410.00 11,410.00
(ii) Income form investments 177.00 177.00
(iii) Transfer of funds from shareholders' account 0.00 0.00
(iv) Other income 13.00 13.00
14 Name of segment Shareholders
(i) Net premium 0.00 0.00
(ii) Income form investments 35,133.00 35,133.00
(iii) Transfer of funds from shareholders' account 0.00 0.00
(iv) Other income 4,273.00 4,273.00
15 Name of segment Unallocated
(i) Net premium 0.00 0.00
(ii) Income form investments 0.00 0.00
(iii) Transfer of funds from shareholders' account 0.00 0.00
(iv) Other income 0.00 0.00



Notes to Segment Income
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c. Variable insurance shall be further segregated into Life and Pension. 2.Net of provisions for diminution in value of investment. 3. Includes income tax deposited with tax authorities which is contested by the company and Advance Tax (net of provision for taxation). As per Accounting Standard 17 - Segment Reporting, income tax asset and liabilities cannot be allocated across reporting segments. 4. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.


Format for financial results by life insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Segment Surplus/(Deficit) (net of transfer from shareholders' A/c)
1 Segment A - Participating - Individual & Group Life 3,768.00 3,768.00
2 Segment B - Participating - Individual & Group Pension (1,041.00) (1,041.00)
3 Segment C - Non Participating - Individual & Group Life 17,415.00 17,415.00
4 Segment D - Non Participating - Life Group Variable 55.00 55.00
5 Segment E - Non Participating - Individual & Group Pension (878.00) (878.00)
6 Segment F - Non Participating - Individual & Group Pension Variable (43.00) (43.00)
7 Segment G - Non Participating - Individual & Group Annuity 2,212.00 2,212.00
8 Segment H - Non Participating - Individual & Group Health (176.00) (176.00)
9 Segment I - Unit Linked - Individual Life 4,109.00 4,109.00
10 Segment J - Unit Linked - Individual Pension (88.00) (88.00)
11 Segment K - Unit Linked - Group Life 3,123.00 3,123.00
12 Segment L - Unit Linked - Group Pension (88.00) (88.00)
13 Segment M - Reinsurance 439.00 439.00
14 Shareholders 26,774.00 26,774.00
15 Unallocated 0.00 0.00



Notes Segment Surplus/(Deficit)
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c.Variable insurance shall be further segregated into Life and Pension. 2. Net of provisions for diminution in value of investment. 3. Includes income tax deposited with tax authorities which is contested by the company and Advance Tax (net of provision for taxation). As per Accounting Standard 17 - Segment Reporting, income tax asset and liabilities cannot be allocated across reporting segments. 4. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.


Format for financial results by life insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-06-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Assets
1 Segment A - Participating - Individual & Group Life 80,98,716.00
2 Segment B - Participating - Individual & Group Pension 3,10,858.00
3 Segment C - Non Participating - Individual & Group Life 1,32,59,229.00
4 Segment D - Non Participating - Life Group Variable 2,24,983.00
5 Segment E - Non Participating - Individual & Group Pension 2,81,737.00
6 Segment F - Non Participating - Individual & Group Pension Variable 1,83,442.00
7 Segment G - Non Participating - Individual & Group Annuity 39,89,301.00
8 Segment H - Non Participating - Individual & Group Health 3,590.00
9 Segment I - Unit Linked - Individual Life 92,77,860.00
10 Segment J - Unit Linked - Individual Pension 5,74,353.00
11 Segment K - Unit Linked - Group Life 16,32,925.00
12 Segment L - Unit Linked - Group Pension 2,37,669.00
13 Segment M - Reinsurance 39,040.00
14 Shareholders 22,73,354.00
15 Unallocated 92,574.00


Segment Assets Text Block
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c.Variable insurance shall be further segregated into Life and Pension. 2. Net of provisions for diminution in value of investment. 3. Includes income tax deposited with tax authorities which is contested by the company and Advance Tax (net of provision for taxation). As per Accounting Standard 17 - Segment Reporting, income tax asset and liabilities cannot be allocated across reporting segments. 4. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.


Format for financial results by life insurance companies filed with stock exchanges

Amount in (Lakhs)

Partiuclars Current Quarter
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-06-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Liabilities
1 Segment A - Participating - Individual & Group Life 77,32,610.00
2 Segment B - Participating - Individual & Group Pension 2,88,616.00
3 Segment C - Non Participating - Individual & Group Life 1,31,88,044.00
4 Segment D - Non Participating - Life Group Variable 2,27,364.00
5 Segment E - Non Participating - Individual & Group Pension 2,63,326.00
6 Segment F - Non Participating - Individual & Group Pension Variable 1,82,343.00
7 Segment G - Non Participating - Individual & Group Annuity 39,65,823.00
8 Segment H - Non Participating - Individual & Group Health 4,035.00
9 Segment I - Unit Linked - Individual Life 93,17,716.00
10 Segment J - Unit Linked - Individual Pension 5,74,352.00
11 Segment K - Unit Linked - Group Life 16,35,076.00
12 Segment L - Unit Linked - Group Pension 2,37,669.00
13 Segment M - Reinsurance 37,875.00
14 Shareholders 22,66,104.00
15 Unallocated 0.00


Notes to Segment Liabilities
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c.Variable insurance shall be further segregated into Life and Pension. 2. Net of provisions for diminution in value of investment. 3. Includes income tax deposited with tax authorities which is contested by the company and Advance Tax (net of provision for taxation). As per Accounting Standard 17 - Segment Reporting, income tax asset and liabilities cannot be allocated across reporting segments. 4. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.