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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 17-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-Mar-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth 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 Audited
Start date and time of board meeting 17-Apr-2025   13:40:00
End date and time of board meeting 17-Apr-2025   15:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Direct
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion





Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
Policyholders' Accounts
1 Income
(i) Gross premium income
(a) First Year Premium 44064000000 130030300000
(b) Renewal Premium 130645300000 376828800000
(c) Single Premium 65732800000 203892300000
Gross premium income 240442100000 710751400000
(ii) Net premium income 238429900000 698369700000
(iii) Income from investments (Net) 189900000 259548000000
(iv) Other income
1 Other income 779300000 2849300000
Total other income 779300000 2849300000
(v) Transfer Of Funds From Shareholders Account 254600000 1073000000
(vi) Total Income 239653700000 961840000000
2 Expenses
(i) Commission on
(a) First Year Premium 21569300000 58629000000
(b) Renewal Premium 1996400000 5895700000
(c) Single Premium 2257900000 13854000000
Total Commission 25823600000 78378700000
(ii) Net Commission 25839000000 78444700000
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 8661900000 32133900000
(b) Administration expenses 0 0
(c) Advertisement and publicity 3099900000 10434900000
(b) Other operating expenses
1 Other operating expenses 5507900000 19938900000
Total other operating expenses 5507900000 19938900000
Total operating expenses related to insurance business 17269700000 62507700000
Total Expenses of Management 43108700000 140952400000
(iv) Provisions for doubtful debts (including bad debts written off) 0 0
(v) Provisions for diminution in value of investments 288500000 823400000
(vi) Goods & Service tax charge on linked charges 1388300000 4892000000
(vii) Provision for taxes
Current Tax 144900000 -5882000000
Deffered Tax 0 0
Total provision of taxes 144900000 -5882000000
(viii) Benefits Paid (Net) 110965200000 394977300000
(ix) Change in actuarial liability 82096300000 415545800000
Total Expenses 237991900000 951308900000
3 Net Surplus(Deficit) 1661800000 10531100000



4 Appropriations
(a) Transferred to Shareholders A/c 2495200000 10069400000
(b) Funds for Future Appropriation -833400000 461700000
5 Details of Surplus / Deficit
(a) Interim bonus paid 7607600000 24350000000
(b) Allocation of bonus to policyholders 8705600000 8705600000
(c) Surplus shown in the Revenue Account 1661800000 10531100000
(d) Terminal bonus paid 1748300000 6643800000
Total Surplus (Deficit ) 19723300000 50230500000



SHAREHOLDERS ' Account
1 Income
(i) Transfer from Poliycholders' Account 2495200000 10069400000
(ii) Income under Shareholders' Account
(a) Investment Income 3286700000 11299700000
(b) Other income
1 Other income 201700000 711300000
Total Other income 201700000 711300000
Total income under shareholders account 3488400000 12011000000
Total Income 5983600000 22080400000
2 Expenses
(i) Expenses other than those related to insurance business 750600000 2102200000
(ii) Transfer of funds to policyholders account 254600000 1073000000
(iii) Provisions for doubtful debts (including write off) 0 0
(iv) Provisions for diminution in value of investments 119000000 125800000
Total Expenses 1124200000 3301000000
3 Profit/ (loss) before tax 4859400000 18779400000
4 Provisions for tax 105800000 671200000
(i) Current tax 105800000 671200000
(ii) Deffered tax 0 0
5 Profit / (loss) after tax and before Extraordinary Items 4753600000 18108200000
6 Extraordinary Items (Net of tax expenses) 0 0
7 Profit/ (loss) after tax and Extraordinary Items 4753600000 18108200000
8 Dividend per share
(a) Interim Dividend 0 0
(b) Final Dividend 210000 210000
9 Profit/(Loss) carried to Balance Sheet 96214300000 96214300000
10 Paid up equity share capital 21529900000 21529900000
11 Reserve & Surplus (excluding Revaluation Reserve) 135550100000 135550100000
12 Fair Value Change Account and Revaluation Reserve (Shareholders) 4459800000 4459800000
13 Assets
(i) Investments:
(a) Shareholders 181942900000 181942900000
(b) Policyholders Fund excluding Linked Assets 2165434500000 2165434500000
(c) Assets held to cover Linked Liabilities 1016610700000 1016610700000
Total Investments 3363988100000 3363988100000
(b) Other Assets (Net of current liabilities and provisions) 33073400000 33073400000
Total Assets 3397061500000 3397061500000
14 Analytical Ratios
(i) Solvency Ratio 1.94 1.94
(ii) Expenses of Management Ratio 0.179 0.198
(iii) Policyholder 's liabilities to shareholders' fund 202660000 202660000
(iv) Earnings per share (Rs.):
(a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) 2.21 8.41
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) 2.21 8.41
(v) NPA ratios: (for policyholders' fund)
(a) Gross NPAs
Non Linked
Par 92200000 92200000
Non Par 80000000 80000000
Linked
Par 0 0
Non Par 599000000 599000000
Net NPAs
Non Linked
Par 0 0
Non Par 0 0
Linked
Par 0 0
Non Par 0 0
% of Gross NPAs
Non Linked
Par 0.0001 0.0001
Non Par 0.0001 0.0001
Linked
Par 0 0
Non Par 0.001 0.001
% 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 0.018 0.082
Non Par 0.023 0.097
Linked
Par 0 0
Non Par 0.023 0.177
(b) With unrealised gains
Non Linked
Par 0.012 0.089
Non Par 0.033 0.108
Linked
Par 0 0
Non Par -0.045 0.077
(vii) NPA ratios: (for shareholders' fund)
(a) Gross NPAs 134400000 134400000
Net NPAs 0 0
(b) Percentage of Gross NPAs 0.0007 0.0007
Percentage of Net NPAs 0 0
(viii) Yield on Investments (on shareholders' fund)
(a) Without unrealised gains 190000 720000
(b) With unrealised gains 180000 890000
(ix) Persistency Ratio
1 13th Month 0.827 0.869
2 25th Month 0.774 0.781
3 37th Month 0.712 0.736
4 49th Month 0.702 0.702
5 61st Month 0.635 0.635
(ix) Other Rations
(x) Conservation Ratio 0.8471 0.8457
(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.Net of amortisation and losses (including capital gains) 3. Inclusive of interim and terminal bonus 4. Includes Remuneration of MD/CEOs/WTDs over specified limits and Interest on subordinated debt 5. Inclusive of provision for standard and non-standard assets



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

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
Segment Income
1 Name of segment Segment A - Participating - Individual & Group Life :
(i) Net premium 45181900000 136991200000
(ii) Income form investments 10731800000 48189300000
(iii) Transfer of funds from shareholders' account 15300000 25500000
(iv) Other income 472700000 1749000000
2 Name of segment Segment B - Participating - Individual & Group Pension :
(i) Net premium 862800000 3009800000
(ii) Income form investments 1006100000 2521700000
(iii) Transfer of funds from shareholders' account 400000 800000
(iv) Other income 11300000 24800000
3 Name of segment Segment C - Non Participating - Individual & Group Life :
(i) Net premium 92941100000 282030700000
(ii) Income form investments 24784700000 92961700000
(iii) Transfer of funds from shareholders' account -631200000 51500000
(iv) Other income 256100000 917400000
4 Name of segment Segment D - Non Participating - Life Group Variable :
(i) Net premium 4270900000 9034900000
(ii) Income form investments 373500000 1501200000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 100000 200000
5 Name of segment Segment E - Non Participating - Individual & Group Pension :
(i) Net premium 3058100000 9716100000
(ii) Income form investments 665500000 2337200000
(iii) Transfer of funds from shareholders' account 865600000 907000000
(iv) Other income 1100000 2400000
6 Name of segment Segment F - Non Participating - Individual & Group Pension Variable :
(i) Net premium 1645900000 4619700000
(ii) Income form investments 365600000 1510200000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 0 100000
7 Name of segment Segment G - Non Participating - Individual & Group Annuity :
(i) Net premium 15318800000 53613400000
(ii) Income form investments 6002800000 22523500000
(iii) Transfer of funds from shareholders' account 2500000 5200000
(iv) Other income 5300000 20700000
8 Name of segment Segment H - Non Participating - Individual & Group Health :
(i) Net premium 88500000 292300000
(ii) Income form investments 6800000 33400000
(iii) Transfer of funds from shareholders' account -30500000 200000
(iv) Other income 0 200000
9 Name of segment Segment I - Unit Linked - Individual Life :
(i) Net premium 54888100000 151917100000
(ii) Income form investments -45887100000 71604500000
(iii) Transfer of funds from shareholders' account 31700000 81700000
(iv) Other income 19600000 112600000
10 Name of segment Segment J - Unit Linked - Individual Pension :
(i) Net premium 3503200000 7914300000
(ii) Income form investments -397100000 4649000000
(iii) Transfer of funds from shareholders' account 800000 1100000
(iv) Other income 1200000 1800000
11 Name of segment Segment K - Unit Linked - Group Life :
(i) Net premium 15200000000 31137500000
(ii) Income form investments 1892800000 9354400000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 300000 700000
12 Name of segment Segment L - Unit Linked - Group Pension :
(i) Net premium 822400000 6228100000
(ii) Income form investments 307800000 1473900000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 0 100000
13 Name of segment Segment M - Reinsurance:
(i) Net premium 648200000 1864600000
(ii) Income form investments 25600000 96200000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 11600000 19300000
14 Name of segment Shareholders
(i) Net premium 0 0
(ii) Income form investments 3160500000 11166700000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 201700000 711300000
15 Name of segment Unallocated
(i) Net premium 0 0
(ii) Income form investments 0 0
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 0 0



Notes to Segment Income
Textual Information 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
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
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 : 1039200000 4313600000
2 Segment B - Participating - Individual & Group Pension : 166400000 238800000
3 Segment C - Non Participating - Individual & Group Life : 2983800000 2437600000
4 Segment D - Non Participating - Life Group Variable : -17900000 126400000
5 Segment E - Non Participating - Individual & Group Pension : -864600000 -906000000
6 Segment F - Non Participating - Individual & Group Pension Variable : 54300000 127200000
7 Segment G - Non Participating - Individual & Group Annuity : 193300000 584500000
8 Segment H - Non Participating - Individual & Group Health : 104000000 103000000
9 Segment I - Unit Linked - Individual Life : -2083900000 1830200000
10 Segment J - Unit Linked - Individual Pension : -143600000 81000000
11 Segment K - Unit Linked - Group Life : 9800000 411100000
12 Segment L - Unit Linked - Group Pension : 15900000 84100000
13 Segment M - Reinsurance: 48600000 124700000
14 Shareholders 2415000000 9013400000
15 Unallocated 0 0



Notes Segment Surplus/(Deficit)
Textual Information 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
Partiuclars Current Quarter
Date of start of reporting period 01-Jan-2025
Date of end of reporting period 31-Mar-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Assets
1 Segment A - Participating - Individual & Group Life : 707260600000
2 Segment B - Participating - Individual & Group Pension : 28141400000
3 Segment C - Non Participating - Individual & Group Life : 1038378500000
4 Segment D - Non Participating - Life Group Variable : 20089600000
5 Segment E - Non Participating - Individual & Group Pension : 32100000000
6 Segment F - Non Participating - Individual & Group Pension Variable : 20947400000
7 Segment G - Non Participating - Individual & Group Annuity : 327500900000
8 Segment H - Non Participating - Individual & Group Health : 231500000
9 Segment I - Unit Linked - Individual Life : 824912300000
10 Segment J - Unit Linked - Individual Pension : 54810400000
11 Segment K - Unit Linked - Group Life : 119130500000
12 Segment L - Unit Linked - Group Pension : 20830400000
13 Segment M - Reinsurance: 1616300000
14 Shareholders 8994100000
15 Unallocated 192117800000


Segment Assets Text Block
Textual Information 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
Partiuclars Current Quarter
Date of start of reporting period 01-Jan-2025
Date of end of reporting period 31-Mar-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Liabilities
1 Segment A - Participating - Individual & Group Life : 713312200000
2 Segment B - Participating - Individual & Group Pension : 28141400000
3 Segment C - Non Participating - Individual & Group Life : 1040051700000
4 Segment D - Non Participating - Life Group Variable : 20052100000
5 Segment E - Non Participating - Individual & Group Pension : 30346300000
6 Segment F - Non Participating - Individual & Group Pension Variable : 20947300000
7 Segment G - Non Participating - Individual & Group Annuity : 327500900000
8 Segment H - Non Participating - Individual & Group Health : 267500000
9 Segment I - Unit Linked - Individual Life : 829095100000
10 Segment J - Unit Linked - Individual Pension : 54810500000
11 Segment K - Unit Linked - Group Life : 119230300000
12 Segment L - Unit Linked - Group Pension : 20830300000
13 Segment M - Reinsurance: 1429800000
14 Shareholders 191045900000
15 Unallocated 0


Notes to Segment Liabilities
Textual Information Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.


Cash flow statement, direct
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Classes of cash receipts from operating activities
Receipts from sales of goods and rendering of services 0
Receipts from royalties fees, commissions and other revenue 0
Receipts from contracts held for dealing or trading purpose 0
Receipts from premiums and claims annuities and other policy benefits 734056500000
Receipts from rents and subsequent sales of assets held for rental to others and subsequently held for sale 0
Other cash receipts from operating activities 4125200000
Classes of cash payments from operating activities
Payments to suppliers for goods and services 0
Payments from contracts held for dealing or trading purpose 0
Payments to and on behalf of employees 400700000
Payments for premiums and claims, annuities and other policy benefits 411701600000
Payments to manufacture or acquire assets held for rental to others and subsequently held for sale 0
Other cash payments from operating activities 117016700000
Net cash flows from (used in) operations 209062700000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2612800000
Other inflows (outflows) of cash -50479200000
Net cash flows from (used in) operating activities 155970700000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities -20269200000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Proceeds from sales of property, plant and equipment 35800000
Purchase of property, plant and equipment 3007200000
Proceeds from sales of investment property 922086100000
Purchase of investment property 1151201100000
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 4810800000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 120788500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -4500000
Proceeds from government grants 0
Net cash flows from (used in) investing activities -136382400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control 0
Payments from changes in ownership interests in subsidiaries that do not result in loss of control 0
Proceeds from issuing shares 1064800000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 20000000000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 4302400000
Interest paid 687700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 16074700000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 35663000000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents /th> 56900000
Net increase (decrease) in cash and cash equivalents 35719900000
Cash and cash equivalents cash flow statement at beginning of period 75172900000
Cash and cash equivalents cash flow statement at end of period 110892800000


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Sources of Funds
1 Share capital 21529900000
2 Reserves and surplus 135550100000
3 Share application money received pending allotment of shares 6400000
4 Credit (Debit) Fair value change account 4459800000
Sub total 161546200000
5 Borrowings 29500000000
6 Policyholders' funds
Credit (Debit) Fair value change account 67949800000
Policy Liabilities 2108878400000
Insurance Reserve 0
Revaluation reserve - Investment property 0
Linked Liabilities
Provision for Linked Liabilities 736107100000
Change in fairvalue account 241655800000
Funds for Discontinued Policies
(i) Discontinued on account of non-payment of premium 38780200000
(ii) Credit (Debit) Fair value change account 0
(iii) Others discontinuance 67600000
Total Linked Liabilities 1016610700000
Sub total 3193438900000
7 Funds for Future Appropriations 12576400000
Total Sources of Funds 3397061500000
APPLICATION OF FUNDS
1 Investments shareholders 181942900000
2 Investments policyholders 2165434500000
3 Assets Held to cover link Liabilities 1016610700000
4 Loans 23783000000
5 Fixed assets 6086000000
6 Deferred Tax Asset 0
7 Current assets
Cash and bank balances 18209500000
Advances and other assets 82049200000
Sub-total (a) 100258700000
8 Current liabilities 95878700000
9 Provisions 1175600000
Sub-total (b) 97054300000
10 Net current assets (c) = (a—b) 3204400000
11 Miscellaneous expenditure (to the extent not written off or adjusted) 0
12 Debit balance in profit & loss account (shareholders� account) 0
Total 3397061500000
14 Contigent Liabilities 23875900000


15 Notes to the Balance Sheet
Notes to Cashflow: 1. Payments to reinsurer, net of commissions and claims/ benefits and Payments of claims/benefits clubbed together in the line item receipts for premium and claims, annuities and other policy benefits 2. Payments of commission, brokerage and payments of other operating expenses has been clubbed under other cash payments from operating activities 4. GST paid is clubbed under other outflows of cash under operating activities. 5. Purchase of Investment and Investment in money market instruments and liquid mutual fund is clubbed under head other cash payments to acquire equity or debt instruments under Investing actvities. 6. Proceeds from issuance of share capital and share application money is clubbed in line item proceeds from issuance of shares. 7. Breakup of cash and cash equivalents and reconciliation with cash and bank balance as per LODR not shown as the same is not part of format in the current utility


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s GM Kapadia &Co. Yes 30-Apr-2027
2 M/s BSR & Co. LLP Yes 31-Jul-2025


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date