HDFC Life reports 20% rise in net profit at Rs 913 cr in 9 months of FY19

Private life insurer, HDFC Life, has recorded a profit after tax of Rs 913 crore in the first nine months of FY 19 as opposed to Rs 762 crore during the same time in FY18, thereby registering a growth of 20 per cent.

In Q3 of FY19, the insurer posted profits to the tune of at Rs 245.63 crore, up 18.3 per cent. The company’s profit stood at Rs 207.32 crore in the same quarter of 2017.

The net premium income of the company saw a 27.3 per cent rise in the third quarter of FY 19 from Rs 5419.9 crore in