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 Standalone
Whether results are audited or unaudited for the quarter ended Audited
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? Yes
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-10-15
Indicate Company website link for updated RPT policy of the Company www.hdfclife.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on loans and debt securities. Hence disclosure for default on loans and debt securites is not applicable





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 Audited Audited
Nature of report standalone or consolidated Standalone Standalone
Policyholders' Accounts
1 Income
(i) Gross premium income
(a) First Year Premium 43959500000 129760700000
(b) Renewal Premium 130623400000 376796100000
(c) Single Premium 65732800000 203892300000
Gross premium income 240315700000 710449100000
(ii) Net premium income 237655600000 696161400000
(iii) Income from investments (Net) 180200000 259452900000
(iv) Other income
1 Other income 767700000 2830000000
Total other income 767700000 2830000000
(v) Transfer Of Funds From Shareholders Account 227000000 1004100000
(vi) Total Income 238830500000 959448400000
2 Expenses
(i) Commission on
(a) First Year Premium 21559700000 58603200000
(b) Renewal Premium 1996400000 5895700000
(c) Single Premium 2257900000 13854000000
Total Commission 25814000000 78352900000
(ii) Net Commission 25814000000 78352900000
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 8616200000 31980300000
(b) Administration expenses 0 0
(c) Advertisement and publicity 3104100000 10421800000
(b) Other operating expenses
1 Other operating expenses 5478300000 19815700000
Total other operating expenses 5478300000 19815700000
Total operating expenses related to insurance business 17198600000 62217800000
Total Expenses of Management 43012600000 140570700000
(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) 110403700000 393459300000
(ix) Change in actuarial liability 81959200000 415155500000
Total Expenses 237197200000 949018900000
3 Net Surplus(Deficit) 1633300000 10429500000



4 Appropriations
(a) Transferred to Shareholders A/c 2466700000 9967800000
(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 1633300000 10429500000
(d) Terminal bonus paid 1748300000 6643800000
Total Surplus (Deficit ) 19694800000 50128900000



SHAREHOLDERS ' Account
1 Income
(i) Transfer from Poliycholders' Account 2466700000 9967800000
(ii) Income under Shareholders' Account
(a) Investment Income 3273500000 11250900000
(b) Other income
1 Other income 300000 1400000
Total Other income 300000 1400000
Total income under shareholders account 3273800000 11252300000
Total Income 5740500000 21220100000
2 Expenses
(i) Expenses other than those related to insurance business 532400000 1429400000
(ii) Transfer of funds to policyholders account 227000000 1004100000
(iii) Provisions for doubtful debts (including write off) 0 0
(iv) Provisions for diminution in value of investments 119000000 125800000
Total Expenses 878400000 2559300000
3 Profit/ (loss) before tax 4862100000 18660800000
4 Provisions for tax 96700000 639600000
(i) Current tax 96700000 639600000
(ii) Deffered tax 0 0
5 Profit / (loss) after tax and before Extraordinary Items 4765400000 18021200000
6 Extraordinary Items (Net of tax expenses) 0 0
7 Profit/ (loss) after tax and Extraordinary Items 4765400000 18021200000
8 Dividend per share
(a) Interim Dividend 0 0
(b) Final Dividend 0 0
9 Profit/(Loss) carried to Balance Sheet 96304800000 96304800000
10 Paid up equity share capital 21529900000 21529900000
11 Reserve & Surplus (excluding Revaluation Reserve) 135259900000 135259900000
12 Fair Value Change Account and Revaluation Reserve (Shareholders) 4459800000 4459800000
13 Assets
(i) Investments:
(a) Shareholders 183863300000 183863300000
(b) Policyholders Fund excluding Linked Assets 2162670500000 2162670500000
(c) Assets held to cover Linked Liabilities 1016281500000 1016281500000
Total Investments 3362815300000 3362815300000
(b) Other Assets (Net of current liabilities and provisions) 32526300000 32526300000
Total Assets 3395341600000 3395341600000
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 198730000 198730000
(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 8.37
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) 2.21 8.37
(v) NPA ratios: (for policyholders' fund)
(a) Gross NPAs
Non Linked
Par 92204000 92204000
Non Par 80015000 80015000
Linked
Par 0 0
Non Par 599049000 599049000
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 0.0006 0.0006
% 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 0.0181 0.0823
Non Par 0.0234 0.0969
Linked
Par 0 0
Non Par 0.0232 0.1773
(b) With unrealised gains
Non Linked
Par 0.0123 0.0891
Non Par 0.0329 0.108
Linked
Par 0 0
Non Par -0.0455 0.0768
(vii) NPA ratios: (for shareholders' fund)
(a) Gross NPAs 134409000 134409000
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 188000 722000
(b) With unrealised gains 184000 894000
(ix) Persistency Ratio
1 13th Month 0.8272 0.869
2 25th Month 0.7736 0.7808
3 37th Month 0.7122 0.7363
4 49th Month 0.7019 0.7017
5 61st Month 0.6346 0.6346
(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
Notes pertaining to Statement of Standalone Audited Results for quarter and year ended March 31, 2025: 1. Net premium income is net of reinsurance. 2. Income from investments (Net) is net of amortisation and losses (including capital gains). 3. Net Commission is net of reinsurance. Rewards have been included in First year commission. 4. Benefits Paid (Net) is net of reinsurance and inclusive of interim and terminal bonus. 5. Expenses other than those related to insurance business includes interest on Non convertible debentures. 6. Provisions for diminution in value of investments is inclusive of provision for standard and non-standard assets. 7. Profit carried to Balance Sheet represents accumulated surplus. 8. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosure. 9. Profit after tax comprises: Underwriting profits Q4 (a) Existing business surplus (i) 1,91,169 (b) New business strain (ii) (1,67,791) Shareholders' surplus (iii) 24,276 YTD (a) Existing business surplus (i) 6,14,221 (b) New business strain (ii) (5,23,603) Shareholders' surplus (iii) 89,594 (i) Represents profit emerging during current period from business written in prior years (ii) Insurance contracts being long term in nature revenue is recognised over the period of the contract as against costs being recognised in the period in which they are incurred, leading to New business strain. (iii) Represents investment and other income arising on shareholders' funds, net of expenses and taxes



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 Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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 92940600000 281987600000
(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 54762500000 151616500000
(ii) Income form investments -45871200000 71605600000
(iii) Transfer of funds from shareholders' account 4100000 12800000
(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 Shareholders
(i) Net premium 0 0
(ii) Income form investments 3147300000 11117900000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 300000 1400000
14 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 Notes pertaining to Segment Reporting (Standalone) for the quarter and year ended March 31, 2025: 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 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. Income from Investments is net of provisions for diminution in value of investment.


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 Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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 3003900000 2460700000
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 -2056300000 1899100000
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 Shareholders 2427600000 8959400000
14 Unallocated 0 0



Notes Segment Surplus/(Deficit)
Textual Information Notes pertaining to Segment Reporting (Standalone) for quarter and year ended March 31, 2025: 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 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


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 Audited
Nature of report standalone or consolidated Standalone
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 1038411700000
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 Shareholders 192117800000
14 Unallocated 8857408000


Segment Assets Text Block
Textual Information Notes pertaining to Segment Reporting (Standalone) for the quarter and year ended March 31, 2025: 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 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. 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.


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 Audited
Nature of report standalone or consolidated Standalone
Segment Liabilities
1 Segment A - Participating - Individual & Group Life 668154200000
2 Segment B - Participating - Individual & Group Pension 25924100000
3 Segment C - Non Participating - Individual & Group Life 1021500800000
4 Segment D - Non Participating - Life Group Variable 20052100000
5 Segment E - Non Participating - Individual & Group Pension 30260200000
6 Segment F - Non Participating - Individual & Group Pension Variable 20840400000
7 Segment G - Non Participating - Individual & Group Annuity 325670300000
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 Shareholders 190756000000
14 Unallocated 0


Notes to Segment Liabilities
Textual Information Notes pertaining to Segment Reporting (Standalone) for the quarter and year ended March 31, 2025: 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 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. 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 Audited
D Nature of report standalone or consolidated Standalone
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 731144100000
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 3412400000
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 381400000
Payments for premiums and claims, annuities and other policy benefits 409109600000
Payments to manufacture or acquire assets held for rental to others and subsequently held for sale 0
Other cash payments from operating activities 116034500000
Net cash flows from (used in) operations 209031000000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2582400000
Other inflows (outflows) of cash -50467100000
Net cash flows from (used in) operating activities 155981500000
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 29900000
Purchase of property, plant and equipment 2947600000
Proceeds from sales of investment property 922128600000
Purchase of investment property 1150999700000
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 120656800000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -4500000
Proceeds from government grants 0
Net cash flows from (used in) investing activities -136216500000
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 687700000
Interest paid 4302400000
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 35839700000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents /th> 0
Net increase (decrease) in cash and cash equivalents 35839700000
Cash and cash equivalents cash flow statement at beginning of period 74883100000
Cash and cash equivalents cash flow statement at end of period 110722800000


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 Audited
Nature of report standalone or consolidated Standalone
Sources of Funds
1 Share capital 21529900000
2 Reserves and surplus 135259900000
3 Share application money received pending allotment of shares 6400000
4 Credit (Debit) Fair value change account 4459800000
Sub total 161256000000
5 Borrowings 29500000000
6 Policyholders' funds
Credit (Debit) Fair value change account 67949800000
Policy Liabilities 2107777900000
Insurance Reserve 0
Revaluation reserve - Investment property 0
Linked Liabilities
Provision for Linked Liabilities 735777900000
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 1016281500000
Sub total 3192009200000
7 Funds for Future Appropriations 12576400000
Total Sources of Funds 3395341600000
APPLICATION OF FUNDS
1 Investments shareholders 183863300000
2 Investments policyholders 2162670500000
3 Assets Held to cover link Liabilities 1016281500000
4 Loans 23783000000
5 Fixed assets 6010700000
6 Deferred Tax Asset 0
7 Current assets
Cash and bank balances 17697000000
Advances and other assets 81027400000
Sub-total (a) 98724400000
8 Current liabilities 94842400000
9 Provisions 1149400000
Sub-total (b) 95991800000
10 Net current assets (c) = (a—b) 2732600000
11 Miscellaneous expenditure (to the extent not written off or adjusted) 0
12 Debit balance in profit & loss account (shareholders� account) 0
Total 3395341600000
14 Contigent Liabilities 23860500000


15 Notes to the Balance Sheet
Notes to Cashflow: 1. Proceeds from issuance of share capital and share application money is clubbed in line item proceeds from issuance of shares. 2. 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. 3. The Receipts and Payments Account has been prepared as prescribed by Insurance Regulatory and Development Authority (Actuarial,Finance and Investment Function of Insurers) Regulations, 2024 under the Direct method in accordance with Accounting Standard 3 Cash Flow Statements.


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


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Bank Charges 160000000 - 57555000 0 0
2 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Interest received 6500000000 - 1835082000 1957089000 1400220000 Investment 0.0578 0.02 to 8.98 years Unsecured Business operations Textual Information(1)
3 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Purchase of Investment 175000000000 - 11385807000 0 0
4 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Sale/Maturity of Investment 180000000000 - 1896255000 0 0 Investment 0.0735 Maturedn8.10 years Unsecured Business operations Textual Information(2)
5 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Name Usage fess 2900000000 - 1506924000 1332563000 1627478000
6 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Rent paid 10000000 - 4081000 0 0
7 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Commission 32900000000 - 17777059000 2647704000 5919784000
8 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Sale of goods or services 1000000000 - 250980000 15906000 14674000
9 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Claim expense 202500000 - 20659000 0 0
10 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Web and Branch Branding/ Glass glazing 15000000000 - 1545293000 0 0
11 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Credit Card outstanding Balance 0 - 0 30000 0
12 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Investment 0 - 0 52242892000 47107202000
13 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Any other transaction Security Deposit 10000000 - 0 2041000 2041000
14 HDFC Life Insurance Company Limited HDFC Bank Limited Promotor and holding company Investment 0 - 0 50814225000 53503598000
15 HDFC Life Insurance Company Limited HDFC Asset Management Company Limited Fellow subsidiary Sale of goods or services 36017000 - 203000 843000 604000
16 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Purchase of goods or services 16996000 - 4977000 464000 464000
17 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Any other transaction Insurance claim received 50000000 - 203000 0 0
18 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Sale of goods or services 50000000 - 30987000 776000 966000
19 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Interest received 100000000 - 4372000 15859000 0 Investment 0.071 6.61 to 6.61 years Unsecured Business operations
20 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Investment 0 - 0 250000000 0
21 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Any other transaction General insurance premium advance 0 - 0 2486000 5912000
22 HDFC Life Insurance Company Limited HDFC ERGO General Insurance Company Limited Fellow subsidiary Any other transaction Payable / Receivable for Jointly sold policies 0 - 0 17598000 14620000
23 HDFC Life Insurance Company Limited HDFC Sales Private Limited Fellow subsidiary Any other transaction Commission 1320000000 - 786266000 81921000 208662000
24 HDFC Life Insurance Company Limited HDFC Pension Fund Management Limited Wholly Owned Subsidiary Any other transaction Income from sharing of nresources 29880000 - 20662000 0 0
25 HDFC Life Insurance Company Limited HDFC Pension Fund Management Limited Wholly Owned Subsidiary Any other transaction Transfer of Laptops 2500000 - 790000 0 0
26 HDFC Life Insurance Company Limited HDFC Pension Fund Management Limited Wholly Owned Subsidiary Investment 0 - 0 540000000 540000000
27 HDFC Life Insurance Company Limited HDFC International Life and Re Company Limited Wholly Owned Subsidiary Any other transaction Reinsurance Premium 500000000 - 763000 42372000 2170000
28 HDFC Life Insurance Company Limited HDFC International Life and Re Company Limited Wholly Owned Subsidiary Any other transaction Reinsurance Claims 500000000 - 35502000 34790000 35418000
29 HDFC Life Insurance Company Limited HDFC International Life and Re Company Limited Wholly Owned Subsidiary Investment 0 - 0 2087091000 2087091000
30 HDFC Life Insurance Company Limited HDFC Securities Limited Fellow subsidiary Any other transaction Commission 1500000000 - 661961000 50298000 242951000
31 HDFC Life Insurance Company Limited HDFC Securities Limited Fellow subsidiary Any other transaction Work Station and other support Fees 20000000 - 1899000 14328000 14756000
32 HDFC Life Insurance Company Limited HDFC Securities Limited Fellow subsidiary Sale of goods or services 10000000 - 1527000 1731000 4000
33 HDFC Life Insurance Company Limited HDFC Securities Limited Fellow subsidiary Any other transaction Brokerage 38000000 - 12034000 0 0
34 HDFC Life Insurance Company Limited HDB Financial Service Limited Fellow subsidiary Any other transaction Commission 800000000 - 398899000 178600000 76824000
35 HDFC Life Insurance Company Limited HDB Financial Service Limited Fellow subsidiary Interest received 1500000000 - 443362000 216873000 527095000 Investment 0.0635 0.96 to 4.36 Secured Business Operations Textual Information(3)
36 HDFC Life Insurance Company Limited HDB Financial Service Limited Fellow subsidiary Investment 0 - 0 11005965000 11005130000
37 HDFC Life Insurance Company Limited HDB Financial Service Limited Fellow subsidiary Investment 0 - 0 1497974000 1561670000
38 HDFC Life Insurance Company Limited HDFC Capital Advisors Limited Fellow subsidiary Sale of goods or services 2000000 - 12000 261000 129000
39 HDFC Life Insurance Company Limited Mrs. Renu Sud Karnad Director of Holding Company Sale of goods or services 50000000 - 40000000 0 0
40 HDFC Life Insurance Company Limited Mr. Sashidhar Jagdishan KMP of Holding Company and their Relatives Sale of goods or services 40000000 - 670000 0 0
41 HDFC Life Insurance Company Limited Mr. Sameer Yogishwar Director of Subsidiary Company Sale of goods or services 20000000 - 3000000 0 0
42 HDFC Life Insurance Company Limited Mr. Rahul Prasad KMP of Subsidiary Company and their relatives Sale of goods or services 10000000 - 828000 0 0
43 HDFC Life Insurance Company Limited Mr. Prasun Gajri Director of Subsidiary Company Sale of goods or services 10000000 - 45000 0 0
44 HDFC Life Insurance Company Limited Mr. V. Srinivasa Rangan Director of Holding Company and their Relatives Sale of goods or services 20000000 - 1500000 0 0
45 HDFC Life Insurance Company Limited Vineet Arora Director of Subsidiary Company and their Relatives Sale of goods or services 20000000 - 4000000 0 0
46 HDFC Life Insurance Company Limited Sriram Rajagopalan Iyer KMP of Subsidiary Company and their relatives Sale of goods or services 20000000 - 23000 0 0
47 HDFC Life Insurance Company Limited Ajay Agarwal KMP of Holding Company and their Relatives Any other transaction Claims Paid 10000000 - 2097000 0 0
48 HDFC Life Insurance Company Limited Ganesh Ithape KMP of Subsidiary Company and their relatives Sale of goods or services 5000000 - 29000 0 0
49 HDFC Life Insurance Company Limited Eshwari Murugan Konar Director of Subsidiary Company and their Relatives Sale of goods or services 5000000 - 3000 0 0
50 HDFC Life Insurance Company Limited Mr. Bhavesh Zaveri Director of Holding Company and their Relatives Sale of goods or services 20000000 - 100000 0 0
51 HDFC Pension Fund Management Limited HDFC Bank Limited Ultimate Holding Company Purchase of goods or services 100000 - 8000 0 0
52 HDFC Pension Fund Management Limited HDFC Bank Limited Ultimate Holding Company Interest received 500000 - 92000 34000 112000 Investment 0.07 6 months-7 years Secured Business operations
53 HDFC Pension Fund Management Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Fixed Deposit 0 - 0 2000000 2000000 Investment 0.07 7 years Secured Business operations
54 HDFC Pension Fund Management Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Fixed Deposit 0 - 0 152000 152000 Investment 0.07 6 months Secured Business operations
55 HDFC Pension Fund Management Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Gurantee issued 0 - 0 138000 138000
56 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Balance of term deposits 0 - 0 83670000 85580000
57 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Purchase of Term deposit 0 - 190283000 0 0 Investment 0.046 30 days Unsecured Business operations Textual Information(4)
58 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Maturity of term deposit 0 - 190283000 0 0 Investment 0.046 30 days Unsecured Business operations Textual Information(5)
59 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Interest received 0 - 3075000 0 0 Investment 0.0475 30 daysn550 days Unsecured Business operations Textual Information(6)
60 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Interest accrued recivable on term deposits 0 - 0 1654000 2315000 Investment 0.0475 30 daysn550 days Unsecured Business operations Textual Information(7)
61 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Fees on direct insurance business written 0 - 0 9317000 1513000
62 HDFC International Life and Re Company Limited HDFC Bank Limited Ultimate Holding Company Any other transaction Bank charges on current account 0 - 654000 0 0
63 HDFC Life Insurance Company Limited Mr Arjun Padalkar Relative of Key Management Personnel Sale of goods or services 50000000 - 10000000 0 0
64 HDFC Life Insurance Company Limited Tinaz Mistry Relative of Non-Executive Director Sale of goods or services 20000000 - 10000000 0 0
65 HDFC Life Insurance Company Limited Ms.Sumona Bose Relative of Independent Director Sale of goods or services 20000000 - 250000 0 0
66 HDFC Life Insurance Company Limited Ms.Sumona Bose Relative of Independent Director Any other transaction Claims Paid 5000000 - 148000 0 0
67 HDFC Life Insurance Company Limited Isha Dalal Rana Relative of Independent Director Sale of goods or services 20000000 - 44000 0 0
68 HDFC Life Insurance Company Limited Mr. Anil Gupta Relative of Independent Director Any other transaction Claims Paid 5000000 - 22000 0 0
69 HDFC Life Insurance Company Limited Ms. Chitra Vishwanathan Relative of Independent Director Sale of goods or services 20000000 - 1000000 0 0
70 HDFC Life Insurance Company Limited Mr Sameer Yogeshwar Director of Subsidiary Company Any other transaction Claims Paid 2000000 - 1500000 0 0 Textual Information(8)
Total value of transaction during the reporting period 39143768000



Text Block
Textual Information(1) 5.78% to 9.05%
Textual Information(2) 7.35% to 7.50% 7.80%
Textual Information(3) Unsecured : % - 8.40% to 9.70% Tenure - 1.31 to 8.73 years Secured : 6.35% to 8.38%
Textual Information(4) 4.60% to 4.75%
Textual Information(5) 4.60% to 4.75%
Textual Information(6) 4.75% to 5.35%
Textual Information(7) 4.75% to 5.35%
Textual Information(8) 1. HDFC Limited was promotor company upto 30th June 23, w.e.f 1st July 23 HDFC Bank became our holding and promotor company as a result transaction relating to HDFC Limited has now been combined with Hdfc Bank and presented together 2. The value of transactions approved is omnibus approval for the entire financial year 2024-25 3. Opening and closing balance represents outstanding commitments. 4. PAN is not required as per Note 8 of Annexure I of SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021. 5. Transactions with related parties of HDFC Life Group have been disclosed separately for the Listed entity and its subsidiaries. 6. NA = Not Applicable


Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt