HDFC life Q4 PAT up 24% at Rs 11 billion in FY18; total premiums rise 21%

For the fourth quarter ended March 31, 2018, the company's net profit rose 40% to Rs 3.5 billion as compared to the same quarter last fiscal.

HDFC Standard Life Insurance Company Ltd (HDFC Life) has posted net profit growth of 24 per cent for FY18 to Rs 11.1 billion, compared with Rs 8.9 billion in FY 17. New Business Premium for HDFC Life rose to Rs 113.5 billion for FY18, a 32 per cent increase from Rs 86.2 billion in FY17.

For the fourth quarter ended March 31, 2018, the company’s net profit rose 40.4 per cent to Rs 3.5 billion as compared to the same quarter last fiscal.

“A balanced product mix, diversified distribution network and customer centric approach have helped deliver profitable growth,” said