General information about company |
|
|---|---|
| Scrip code | 540777 |
| NSE Symbol | HDFCLIFE |
| MSEI Symbol | NOTLISTED |
| ISIN | INE795G01014 |
| Name of company | HDFC Life Insurance Company Limited |
| 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 | 15-Jan-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 31-Dec-2024 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited | Unaudited |
| Start date and time of board meeting | 15-Jan-2025 13:30 |
| End date and time of board meeting | 15-Jan-2025 15:45 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| 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-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Policyholders' Accounts | |||
| 1 | Income | ||
| (i) | Gross premium income | ||
| (a) | First Year Premium | 297496.00 | 859663.00 |
| (b) | Renewal Premium | 937662.00 | 2461835.00 |
| (c) | Single Premium | 493062.00 | 1381595.00 |
| Gross premium income | 1728220.00 | 4703093.00 | |
| (ii) | Net premium income | 1683184.00 | 4599398.00 |
| (iii) | Income from investments (Net) | 19542.00 | 2593581.00 |
| (iv) | Other income | ||
| 1 | Other income | 7090.00 | 20700.00 |
| Total other income | 7090.00 | 20700.00 | |
| (v) | Transfer Of Funds From Shareholders Account | -11888.00 | 8184.00 |
| (vi) | Total Income | 1697928.00 | 7221863.00 |
| 2 | Expenses | ||
| (i) | Commission on | ||
| (a) | First Year Premium | 160001.00 | 370597.00 |
| (b) | Renewal Premium | 14464.00 | 38993.00 |
| (c) | Single Premium | 18783.00 | 115961.00 |
| Total Commission | 193248.00 | 525551.00 | |
| (ii) | Net Commission | 193413.00 | 526057.00 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 83403.00 | 234720.00 |
| (b) | Administration expenses | 0.00 | 0.00 |
| (c) | Advertisement and publicity | 23100.00 | 73350.00 |
| (b) | Other operating expenses | ||
| 1 | Other Operating Expenses | 49665.00 | 144310.00 |
| Total other operating expenses | 49665.00 | 144310.00 | |
| Total operating expenses related to insurance business | 156168.00 | 452380.00 | |
| Total Expenses of Management | 349581.00 | 978437.00 | |
| (iv) | Provisions for doubtful debts (including bad debts written off) | 0.00 | 0.00 |
| (v) | Provisions for diminution in value of investments | 5285.00 | 5349.00 |
| (vi) | Goods & Service tax charge on linked charges | 12292.00 | 35037.00 |
| (vii) | Provision for taxes | ||
| Current Tax | -3364.00 | -60269.00 | |
| Deffered Tax | 0.00 | 0.00 | |
| Total provision of taxes | -3364.00 | -60269.00 | |
| (viii) | Benefits Paid (Net) | 920887.00 | 2840121.00 |
| (ix) | Change in actuarial liability | 432208.00 | 3334495.00 |
| Total Expenses | 1716889.00 | 7133170.00 | |
| 3 | Net Surplus(Deficit) | -18961.00 | 88693.00 |
| 4 | Appropriations | ||
|---|---|---|---|
| (a) | Transferred to Shareholders A/c | 10212.00 | 75742.00 |
| (b) | Funds for Future Appropriation | -29173.00 | 12951.00 |
| 5 | Details of Surplus / Deficit | ||
| (a) | Interim bonus paid | 66009.00 | 167424.00 |
| (b) | Allocation of bonus to policyholders | 0.00 | 0.00 |
| (c) | Surplus shown in the Revenue Account | -18961.00 | 88693.00 |
| (d) | Terminal bonus paid | 15963.00 | 48955.00 |
| Total Surplus (Deficit ) | 63011.00 | 305072.00 | |
| SHAREHOLDERS ' Account | |||
|---|---|---|---|
| 1 | Income | ||
| (i) | Transfer from Poliycholders' Account | 10212.00 | 75742.00 |
| (ii) | Income under Shareholders' Account | ||
| (a) | Investment Income | 27301.00 | 80130.00 |
| (b) | Other income | ||
| 1 | Other income | 1868.00 | 5096.00 |
| Total Other income | 1868.00 | 5096.00 | |
| Total income under shareholders account | 29169.00 | 85226.00 | |
| Total Income | 39381.00 | 160968.00 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 5964.00 | 13516.00 |
| (ii) | Transfer of funds to policyholders account | -11888.00 | 8184.00 |
| (iii) | Provisions for doubtful debts (including write off) | 0.00 | 0.00 |
| (iv) | Provisions for diminution in value of investments | 68.00 | 68.00 |
| Total Expenses | -5856.00 | 21768.00 | |
| 3 | Profit/ (loss) before tax | 45237.00 | 139200.00 |
| 4 | Provisions for tax | 3106.00 | 5654.00 |
| (i) | Current tax | 3106.00 | 5654.00 |
| (ii) | Deffered tax | 0.00 | 0.00 |
| 5 | Profit / (loss) after tax and before Extraordinary Items | 42131.00 | 133546.00 |
| 6 | Extraordinary Items (Net of tax expenses) | 0.00 | 0.00 |
| 7 | Profit/ (loss) after tax and Extraordinary Items | 42131.00 | 133546.00 |
| 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 | 914606.00 | 914606.00 |
| 10 | Paid up equity share capital | 215280.00 | 215280.00 |
| 11 | Reserve & Surplus (excluding Revaluation Reserve) | 1307070.00 | 1307070.00 |
| 12 | Fair Value Change Account and Revaluation Reserve (Shareholders) | 58322.00 | 58322.00 |
| 13 | Assets | ||
| (i) | Investments: | ||
| (a) | Shareholders | 1682433.00 | 1682433.00 |
| (b) | Policyholders Fund excluding Linked Assets | 20734026.00 | 20734026.00 |
| (c) | Assets held to cover Linked Liabilities | 10463606.00 | 10463606.00 |
| Total Investments | 32880065.00 | 32880065.00 | |
| (b) | Other Assets (Net of current liabilities and provisions) | 192221.00 | 192221.00 |
| Total Assets | 33072286.00 | 33072286.00 | |
| 14 | Analytical Ratios | ||
| (i) | Solvency Ratio | 0.02 | 0.02 |
| (ii) | Expenses of Management Ratio | 0 | 0 |
| (iii) | Policyholder 's liabilities to shareholders' fund | 1980000 | 1980000 |
| (iv) | Earnings per share (Rs.): | ||
| (a) | Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 1.96 | 6.21 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 1.96 | 6.2 |
| (v) | NPA ratios: (for policyholders' fund) | ||
| (a) | Gross NPAs | ||
| Non Linked | |||
| Par | 1086 | 1086 | |
| Non Par | 933 | 933 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 7002 | 7002 | |
| 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 | 0 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| % 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 | 0 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| (b) | With unrealised gains | ||
| Non Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| (vii) | NPA ratios: (for shareholders' fund) | ||
| (a) | Gross NPAs | 1579 | 1579 |
| Net NPAs | 0 | 0 | |
| (b) | Percentage of Gross NPAs | 0 | 0 |
| Percentage of Net NPAs | 0 | 0 | |
| (viii) | Yield on Investments (on shareholders' fund) | ||
| (a) | Without unrealised gains | 0.02 | 0.05 |
| (b) | With unrealised gains | 0.00 | 0.07 |
| (ix) | Persistency Ratio | ||
| 1 | 13th Month | 0.01 | 0.01 |
| 2 | 25th Month | 0.01 | 0.01 |
| 3 | 37th Month | 0.01 | 0.01 |
| 4 | 49th Month | 0.01 | 0.01 |
| 5 | 61st Month | ||
| (ix) | Other Rations | ||
| (x) | Conservation Ratio | 0.01 | 0.01 |
| (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-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Income | |||
| 1 | Name of segment | Segment A - Participating - Individual & Group Life | |
| (i) | Net premium | 365919.00 | 918093.00 |
| (ii) | Income form investments | 115966.00 | 374575.00 |
| (iii) | Transfer of funds from shareholders' account | 50.00 | 102.00 |
| (iv) | Other income | 4495.00 | 12763.00 |
| 2 | Name of segment | Segment B - Participating - Individual & Group Pension | |
| (i) | Net premium | 7875.00 | 21470.00 |
| (ii) | Income form investments | 4785.00 | 15156.00 |
| (iii) | Transfer of funds from shareholders' account | 2.00 | 4.00 |
| (iv) | Other income | 52.00 | 135.00 |
| 3 | Name of segment | Segment C - Non Participating - Individual & Group Life | |
| (i) | Net premium | 644580.00 | 1890896.00 |
| (ii) | Income form investments | 237745.00 | 681770.00 |
| (iii) | Transfer of funds from shareholders' account | -11862.00 | 6827.00 |
| (iv) | Other income | 2417.00 | 6613.00 |
| 4 | Name of segment | Segment D - Non Participating - Life Group Variable | |
| (i) | Net premium | 18248.00 | 47640.00 |
| (ii) | Income form investments | 3756.00 | 11277.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 1.00 |
| 5 | Name of segment | Segment E - Non Participating - Individual & Group Pension | |
| (i) | Net premium | 18536.00 | 66580.00 |
| (ii) | Income form investments | 5793.00 | 16717.00 |
| (iii) | Transfer of funds from shareholders' account | -389.00 | 414.00 |
| (iv) | Other income | 3.00 | 13.00 |
| 6 | Name of segment | Segment F - Non Participating - Individual & Group Pension Variable | |
| (i) | Net premium | 9639.00 | 29738.00 |
| (ii) | Income form investments | 3755.00 | 11446.00 |
| (iii) | Transfer of funds from shareholders' account | -169.00 | 0.00 |
| (iv) | Other income | 0.00 | 1.00 |
| 7 | Name of segment | Segment G - Non Participating - Individual & Group Annuity | |
| (i) | Net premium | 136998.00 | 382946.00 |
| (ii) | Income form investments | 57148.00 | 165207.00 |
| (iii) | Transfer of funds from shareholders' account | 16.00 | 27.00 |
| (iv) | Other income | 51.00 | 154.00 |
| 8 | Name of segment | Segment H - Non Participating - Individual & Group Health | |
| (i) | Net premium | 439.00 | 2038.00 |
| (ii) | Income form investments | 72.00 | 266.00 |
| (iii) | Transfer of funds from shareholders' account | 307.00 | 307.00 |
| (iv) | Other income | 1.00 | 2.00 |
| 9 | Name of segment | Segment I - Unit Linked - Individual Life | |
| (i) | Net premium | 366188.00 | 970290.00 |
| (ii) | Income form investments | -372603.00 | 1174916.00 |
| (iii) | Transfer of funds from shareholders' account | 155.00 | 500.00 |
| (iv) | Other income | 40.00 | 930.00 |
| 10 | Name of segment | Segment J - Unit Linked - Individual Pension | |
| (i) | Net premium | 17484.00 | 44111.00 |
| (ii) | Income form investments | -32492.00 | 50461.00 |
| (iii) | Transfer of funds from shareholders' account | 2.00 | 3.00 |
| (iv) | Other income | 4.00 | 6.00 |
| 11 | Name of segment | Segment K - Unit Linked - Group Life | |
| (i) | Net premium | 75909.00 | 159375.00 |
| (ii) | Income form investments | -7836.00 | 74616.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 1.00 | 4.00 |
| 12 | Name of segment | Segment L - Unit Linked - Group Pension | |
| (i) | Net premium | 16023.00 | 54057.00 |
| (ii) | Income form investments | -1652.00 | 11661.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 1.00 |
| 13 | Name of segment | Segment M - Reinsurance | |
| (i) | Net premium | 5346.00 | 12164.00 |
| (ii) | Income form investments | 249.00 | 706.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 26.00 | 77.00 |
| 14 | Name of segment | Shareholders | |
| (i) | Net premium | 0.00 | 0.00 |
| (ii) | Income form investments | 27233.00 | 80062.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 1868.00 | 5096.00 |
| 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 |
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-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Surplus/(Deficit) (net of transfer from shareholders' A/c) | |||
| 1 | Segment A - Participating - Individual & Group Life | -21066.00 | 32744.00 |
| 2 | Segment B - Participating - Individual & Group Pension | 775.00 | 724.00 |
| 3 | Segment C - Non Participating - Individual & Group Life | 11535.00 | -5462.00 |
| 4 | Segment D - Non Participating - Life Group Variable | 686.00 | 1443.00 |
| 5 | Segment E - Non Participating - Individual & Group Pension | 388.00 | -414.00 |
| 6 | Segment F - Non Participating - Individual & Group Pension Variable | 898.00 | 729.00 |
| 7 | Segment G - Non Participating - Individual & Group Annuity | -260.00 | 3912.00 |
| 8 | Segment H - Non Participating - Individual & Group Health | -346.00 | -10.00 |
| 9 | Segment I - Unit Linked - Individual Life | -1578.00 | 39141.00 |
| 10 | Segment J - Unit Linked - Individual Pension | -475.00 | 2246.00 |
| 11 | Segment K - Unit Linked - Group Life | 1284.00 | 4013.00 |
| 12 | Segment L - Unit Linked - Group Pension | 292.00 | 682.00 |
| 13 | Segment M - Reinsurance | 535.00 | 761.00 |
| 14 | Shareholders | 20286.00 | 65984.00 |
| 15 | Unallocated | 0.00 | 0.00 |
| Notes Segment Surplus/(Deficit) (net of transfer from shareholders' A/c) | |||
Format for financial results by life insurance companies filed with stock exchanges |
||
|---|---|---|
| Partiuclars | Current Quarter | |
| Date of start of reporting period | 01-Oct-2024 | |
| Date of end of reporting period | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | |
| Segment Assets | ||
| 1 | Segment A - Participating - Individual & Group Life | 6930649.00 |
| 2 | Segment B - Participating - Individual & Group Pension | 284712.00 |
| 3 | Segment C - Non Participating - Individual & Group Life | 9634917.00 |
| 4 | Segment D - Non Participating - Life Group Variable | 196979.00 |
| 5 | Segment E - Non Participating - Individual & Group Pension | 306971.00 |
| 6 | Segment F - Non Participating - Individual & Group Pension Variable | 213031.00 |
| 7 | Segment G - Non Participating - Individual & Group Annuity | 3139000.00 |
| 8 | Segment H - Non Participating - Individual & Group Health | 3355.00 |
| 9 | Segment I - Unit Linked - Individual Life | 8605208.00 |
| 10 | Segment J - Unit Linked - Individual Pension | 560214.00 |
| 11 | Segment K - Unit Linked - Group Life | 1103807.00 |
| 12 | Segment L - Unit Linked - Group Pension | 201205.00 |
| 13 | Segment M - Reinsurance | 14546.00 |
| 14 | Shareholders | 1787185.00 |
| 15 | Unallocated | 90514.00 |
Format for financial results by life insurance companies filed with stock exchanges |
|||
|---|---|---|---|
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Liabilities | |||
| 1 | Segment A - Participating - Individual & Group Life | 6463268.00 | |
| 2 | Segment B - Participating - Individual & Group Pension | 256094.00 | |
| 3 | Segment C - Non Participating - Individual & Group Life | 9503190.00 | |
| 4 | Segment D - Non Participating - Life Group Variable | 196574.00 | |
| 5 | Segment E - Non Participating - Individual & Group Pension | 288580.00 | |
| 6 | Segment F - Non Participating - Individual & Group Pension Variable | 211977.00 | |
| 7 | Segment G - Non Participating - Individual & Group Annuity | 3121887.00 | |
| 8 | Segment H - Non Participating - Individual & Group Health | 3840.00 | |
| 9 | Segment I - Unit Linked - Individual Life | 8643449.00 | |
| 10 | Segment J - Unit Linked - Individual Pension | 560214.00 | |
| 11 | Segment K - Unit Linked - Group Life | 1104822.00 | |
| 12 | Segment L - Unit Linked - Group Pension | 201205.00 | |
| 13 | Segment M - Reinsurance | 12937.00 | |
| 14 | Shareholders | 1775671.00 | |
| 15 | Unallocated | 0.00 | |