Plan to expand thoughtfully: HDFC Life Insurance chairman Keki Mistry

HDFC Life aims for growth and tech transformation in FY26, with a focus on macroeconomic opportunities, despite geopolitical and trade challenges, says Keki Mistry

HDFC Life Insurance plans to expand its business while seizing the macroeconomic opportunity and also transforming its ecosystem with cutting edge technology, chairman Keki Mistry said during its 25th Annual General Meeting (AGM)).

 

Mistry said that although risks continue to exist from the ongoing geopolitical tensions, trade uncertainties, and weather-related challenges, which could impact growth, the economy was expected to grow in FY26, driven by private consumption and increased fixed capital formation. Investment activity is also likely to improve due to increased capacity utilisation, hea­lt­hier corporate balance sheets, and sustained government capital expenditure. 

“Insurers are tapping into the opportunity by rapid expansion into Tier-II and Tier-III cities, leveraging the distri­bution presence of partner banks and micro finance lenders to offer appropriate insurance solutions,” Mistry said. 

“Looking ahead, we are poised to seize the immense macroeconomic opportunities. Our strategy is clear: To expand thoughtfully and purposefully while transforming our entire ecosystem through cutting-edge technology. This tech-led evolution will empower us to deliver an unparalleled, best-in-class experience to every customer we serve,” Mistry said. 

He underlined that the firm’s new business margins were resilient despite major challenges such as increased surrender values and an adverse product mix, declining by only 70 basis points.